The price of crude oil jumped to $80 a barrel last week, and that’s pushing pump prices higher in 45 states, including Oregon ...

Stretched public finances badly need the extra revenue that would come from higher oil exports, but the country is also under pressure to adhere to OPEC+ production limits that have helped keep global ...

(Bloomberg) -- Russia’s oil customers in Asia are approaching the country’s OPEC+ counterparts in the Middle East in case the latest US sanctions create a supply gap, officials said.

Meanwhile, OPEC+ remains cautious about boosting production despite recent price rallies. On the demand side, seasonal travel in India and China is expected to lift global consumption, while ...

Oil production has been high, and is expected to increase further with output hikes from OPEC+. US drivers could get some relief at the pump in the next two years as oil supply surpasses global demand ...

“The meeting welcomed H.E. Alexandre Silveira de Oliveira, Minister of Mines and Energy of the Federative Republic of Brazil, who will join the OPEC+ Letter of Cooperation as of January 2024 ...

Last week, the US expanded its sanctions on oil tankers and targeted two Russian firms that manage over a quarter of the OPEC+ producer's seaborne exports. These companies, along with insurers and ...

Brent crude is totally at the mercy of OPEC+, but the group will stay the course through 2025. That’s what Bjarne Schieldrop, chief commodities analyst at Skandinaviska Enskilda Banken AB (SEB ...

Weak Chinese demand and rising U.S. output weigh heavily on prices. OPEC+ measures face growing pressure to counter bearish momentum. Discover the... Oil: Bull Case Limited in Near Term ...

Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts to shore up the market ...

The OPEC+ oil cartel is on the ropes. Having delayed a production increase by already six months, it’s unlikely that the group will be able to hike output in 2025 unless Trump comes to the rescue.