OPEC's position in the oil market is slipping ... Higher oil pricing matters to OPEC+ countries given their heavy dependence on the energy trade to prop up their economies. In a note last week ...

The United States will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported U.S.

Opec-plus’ crude average production averaged 40.81 million b/d, a decline of 1.18 million b/d compared with 2023.

OPEC's extended production cuts and reduced non-OPEC growth will create a reliance on OPEC barrels, giving them leverage to set higher oil prices. Despite current low WTI prices, we anticipate a ...

LONDON (Reuters) -OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China's ...

Oil prices rose in the Asian morning session, driven by optimism over China’s potential economic recovery.

Oil prices were on track to end 2024 with a second consecutive year of losses on Tuesday, but were steady on the day as data ...

OPEC has revised its forecast for oil demand ... Meanwhile, rising bets for an early RBA rate cut, China's economic woes and US-Sino trade war fears act as a headwind for the Aussie.

Consumers can expect a big-time oil price hike of up to P1 per liter on Tuesday to reflect the movement of prices in the ...

Investing.com--Oil prices edged higher Wednesday, extending a bounce from the prior session as US industry data pointed to a ...

In a monthly report, OPEC said it expects 2024 global oil demand to rise by 1.61 million barrels per day (bpd), down from 1.82 million bpd last month. OPEC also cut its 2025 growth estimate to 1. ...