BofA analyst Jean Ann Salisbury lowered the firm’s price target on Exxon Mobil (XOM) to $122 from $124 and keeps a Neutral rating on the ...

BofA analyst Jean Ann Salisbury lowered the firm’s price target on Phillips 66 (PSX) to $147 from $156 and keeps a Buy rating on the shares.

The oil market had a strong end to 2024 and a strong start to 2025 with ICE Brent trading above $76/bbl in early January, ING’s commodity analysts note. “In early December, OPEC+ agreed to a further ...

OPEC’s crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at ...

Mr. el-Badri, who is also oil minister in Libya, added that the final decision will be up to OPEC's oil ministers when they gather in Abu Dhabi on December 5 but his words frustrated hopes that ...

OPEC has revised its forecast for oil demand ... OPEC+ does not appear to believe the forecast, otherwise the decision to further postpone the planned production increases would not have been ...

Some price forecasters are starting to revise their outlook for oil following OPEC's decision to output. OPEC+’s decision to delay a rollback of production cuts agreed last year has rekindled ...

The United States on Friday imposed sanctions on eight Venezuelan officials and increased to $25 million the reward it is ...

The decision by OPEC to delay the future ramp up in output from Jan 2024 to April 2024 likely dropped the STEO estimate for ...

Opec has made a “minor” cut to its global ... The latest downgrade comes days after the Opec+ decision to delay the unwinding of production cuts through the first quarter of next year as ...