How wrong the market was. Instead, the group announced it would increase the oil supply by 411k b/d in May. The group attributed the increase to healthy market fundamentals and a “positive ...

Technological developments and changes in resource distributions along the oil supply chain will also impact crude oil spot prices. The increased focus on renewable energy is already accelerating such ...

OPEC+ agreed to make a larger than expected oil supply hike in May, deepening the slump in oil prices triggered by President Donald Trump’s tariffs. The group led by Saudi Arabia and Russia will ...

April 4 (Reuters) - Goldman Sachs lowered its forecast for Brent crude's average price this year by 5.5% to $69 a barrel and for WTI prices by 4.3% to $66, citing the risks of higher OPEC+ supply ...

Oil futures tanked more than 6% on Thursday as Trump's tariffs sent financial markets reeling and new global supply developments suggested the balance in the global oil market would remain under ...

Over the past few years, after the start of the Russia-Ukraine conflict, India has reduced its reliance on Middle Eastern and African oil in favor of a cheaper and abundant supply from Moscow.

HOUSTON, April 3 (Reuters) - Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise increase in output the day after U.S ...

Global crude oil exports rose in March, with notable increases from Brazil, Canada, and Russia. This increase comes just before OPEC+ is set to increase its production in April. The OPEC+ Joint ...

Geopolitical tensions are likely to keep energy markets volatile. Traders should monitor supply chain news and diplomatic talks for potential catalysts in price movement. Natural Gas (NG ...

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Pickering Energy Partners’ Chief Investment Officer, Dan Pickering, expects oil prices to range between $65 and $75 per barrel in 2025 amid ongoing supply tightness and geopolitical risks. According ...