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U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.
Big moves, though not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. After all, ...
Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...
Russia, Oman, and Algeria all expressed reservations ahead of the OPEC+ meeting but ultimately aligned with the consensus to ...
Saudi Arabia, Iraq, Kuwait, Kazakhstan, Oman, Algeria, Russia and the United Arab Emirates -- referred to as OPEC's Group of 8 -- announced 2.2 million b/d of voluntary cuts in November of 2023, and ...
"Michigan drivers are seeing lower prices at the pump, with some metro areas seeing averages below $3 a gallon," Adrienne ...
Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.
The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels ...
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...
Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...
VIENNA, 25th February, 2020 (WAM) -- The price of OPEC basket of fourteen crudes stood at $56.11 a barrel on Monday, 24th February, compared with $58.17 the previous Friday, according to OPEC ...
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