The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...

West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $67.17 per barrel, ...

OPEC Plus, the group of major oil producers, said it would continue its recent cuts in output, but Saudi Arabia said it would cut further for at least a month.

OPEC raised its forecasts for world oil demand in the medium- and longer-term in an annual outlook released on Monday and said $12.1 trillion of investment is needed to meet this demand despite ...

OPEC’s Relevance Isn’t Fading—Yet By Alex Kimani - Feb 27, 2025, 6:00 PM CST ...

OPEC might be able to start relaxing its production quotas while keeping prices high. It’s important to note that OPEC countries possess 70% of the world’s proved oil reserves.

Unlike with OPEC nations, US oil production is supposed to be decided by the free market, not by coordination among the major players. Sheffield retired in December 2023 as CEO of Pioneer.

Pushing up oil prices at this moment is an expression of support for OPEC+ member Russia, presumably aiming to build a deeper relationship between this major oil producer and core OPEC member ...

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group's leader Saudi Arabia seeks to ...

With WTI below $60 a barrel, oil rig counts are apt to decline and could eventually slow U.S. output enough to begin offering price support, “especially if accompanied by other key non-OPEC ...