News

OPEC April Oil Output Edges Lower Despite Plans for Hike, Survey Finds
The reduction comes despite OPEC+, which comprises OPEC and its allies including Russia, beginning in April to unwind its ...
Oil Prices Fall as OPEC Increases Supply Despite Fears of an Economic Slowdown
U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.
OPEC sends oil prices reeling, but what’s good for Texas drivers may not be for drillers
On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...
The Institute for Energy Research1d
OPEC+ to Increase Oil Production—Again
The OPEC+ cartel announced on Saturday that it would increase oil production again. It announced a 411,000-barrel-per-day oil ...
Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices
The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...
Oil prices have crashed to 4-year lows. That means cheaper gas for Americans hitting the roads this summer.
Gas prices in the US are averaging about $3.12 per gallon, and could drop below $3 this summer as oil trades at the lowest ...
Oil sinks 4% after OPEC output increase
Crude oil futures tumbled at the open Sunday after OPEC decided to boost output. WTI crde (CL1:COM) -3.8% and Brent (CO1:COM) ...
Oil prices plunge as OPEC+ boosts output again
Prices have been on the downward trend since early April, when they fell as low as $55 a barrel on the heels of Trump’s ...
Nairametrics1h
Nigeria’s crude oil output falls by 4.37% in March, below OPEC’s quota – Report
The Organization of Petroleum Exporting Countries (OPEC) has reported a decline in Nigeria’s oil production following its April Monthly Oil ...
The Economist1d
How Saudi Arabia is cranking up the pressure on its OPEC allies
Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...