Grant Smith
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OPEC’s Oil Revenues Slumped 18% Last Year As Prices Eased
OPEC said its oil revenues slumped by 18% last year, as crude prices cooled and the group embarked on new production cuts to balance global markets.
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OPEC’s Oil Revenues Slumped 18% Last Year As Prices Eased
OPEC said its oil revenues slumped by 18% last year, as crude prices cooled and the group embarked on new production cuts to balance global markets.
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Oil-Watchers Expect OPEC+ To Extend Supply Cuts Into Second Half
OPEC+ is expected to prolong oil output cuts into the second half of the year as it seeks to stave off a global surplus and shore up prices.
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Oil-Watchers Expect OPEC+ To Extend Supply Cuts Into Second Half
OPEC+ is expected to prolong oil output cuts into the second half of the year as it seeks to stave off a global surplus and shore up prices.
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Saudi Arabia Needs Oil Price Near $100, IMF Says
Saudi Arabia will need a higher oil price than previously thought this year as the OPEC+ leader spearheads the group’s production cuts, according to the International Monetary Fund.
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OPEC+ Risks Repeat Of Boom And Bust As Oil Prices Top $90
The OPEC+ alliance may be risking a repeat of last year’s oil market boom and bust.
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OPEC+ Extends Oil Cuts, With Russia Bolstering Its Effort
The curbs — which on paper total roughly 2 million barrels a day — will remain in place until the end of June.
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OPEC-Watchers Predict Extension Of Oil Cuts Into Next Quarter
Global oil markets are in surplus, and the overhang would expand considerably if the 22-nation OPEC+ bloc were to restore production, the International Energy Agency in Paris said in a report last week.
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India Will Begin Discussions To Join International Energy Agency
India will begin talks to become a full member of the International Energy Agency, the watchdog of consuming nations, to tackle energy and climate concerns.
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IEA Expects Comfortable Oil Markets, Moderate Prices In 2024
Global oil markets should remain “comfortable” this year as new supplies satisfy demand and keep prices in check, according to the International Energy Agency.
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IEA Expects Comfortable Oil Markets, Moderate Prices In 2024
Global oil markets should remain “comfortable” this year as new supplies satisfy demand and keep prices in check, according to the International Energy Agency.
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Saudi Oil Capacity U-Turn Shows Threat From Rival Supply
Saudi Arabia’s reversal of plans to bolster its oil production capacity has raised questions about the future of demand, but it points to another long-running risk to the kingdom’s energy petroleum revenue — rival suppliers.
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OPEC+ Doesn’t Plan Any Changes To Oil-Output Policy Next Week, Delegates Say
OPEC+ isn’t planning to make any changes to oil output policy at next week’s monitoring meeting, several delegates from the group said.
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Oil Squeeze Of 2023 Turns To Surplus In Warning For Market Bulls
The oil supply squeeze widely expected at the end of last year now looks like it may have been a surplus — a reminder for any remaining crude bulls to tread carefully.
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Oil Markets Look ‘Reasonably Well Supplied’ In 2024, IEA Says
Global oil markets are likely to remain “reasonably well-supplied” this year, provided there are no major disruptions, as production outside OPEC+ climbs, the International Energy Agency said.
