News

Markets are thirsty for more oil, OPEC+ and oil majors say
Output increases from oil producer group OPEC+ are not leading to higher inventories, showing that markets are thirsty for ...
Why OPEC+ Is Pumping Fast and Playing Hardball
OPEC+ appears to be prioritizing market share over high prices, potentially targeting U.S. shale by testing how producers respond to lower price environments.
Russia’s Crude Production Stayed Below OPEC+ Target in June
Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.
OPEC+ is pumping more oil, but is it needed and at what price?
Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...
OPEC+ output hikes not causing inventory builds, signaling firm demand
Ministers and executives from OPEC nations, along with bosses of Western oil majors, stated on Wednesday that increased ...
Oil prices fall as OPEC+ ramps up production; U.S. stock futures decline as tariffs to go into effect Aug. 1
U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners ...
Emirates News Agency6h
UAE plays vital role in OPEC, OPEC+: Al Mazrouei
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, emphasised the importance of the UAE’s role in the ...
Exclusive: OPEC+ set to complete big oil output cut unwinding in Sept, sources say
OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of ...