The past few months have ushered in enormous changes for the energy industry, from the resurgence of the Organization of the Petroleum Exporting Countries, or OPEC, to a sudden slowdown in U.S.

The developing relationship between OPEC+ and BRICS is significantly reshaping the global energy landscape. The coinciding ...

Wall Street banks have sharply downgraded oil price forecasts for 2025 and 2026 after OPEC+ unexpectedly accelerated ...

A drop caused by policy changes in the United States ... “We believe we are at a tipping point for U.S. oil production at current commodity prices.” OPEC’s contribution to falling oil ...

Oil prices have begun rebounding ... That may be part of the reason why OPEC’s informal leader decided to stop pushing for production control. Yet teaching a lesson to production control ...

World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and other OPEC+ members unwind output cuts, the International Energy Agency (IEA) said on Thursday, despite a ...

The answer goes beyond Opec leader Saudi Arabia’s need to punish over-producers of oil like Kazakhstan and Iraq. With Trump ...

Oil prices are rising, even as production ramps up. Gold, on the other hand, is cooling off - not because of collapsing fundamentals, but thanks to a surprising wave of optimism. It’s the kind of ...

Oil gapped lower on OPEC perceptions and misconceptions ... OPEC+ announced its intention to increase production by 411K bpd from June. The change represents the phasing out of voluntary ...

The ultimate depth and duration of this current price environment remains unclear,” said ConocoPhillips chairman and CEO Ryan ...

It is very easy to fall for the temptation of layering various types of conspiracy theories together as explanations of changes in OPEC+ ... impossible to keep oil market intervention at its ...

In its latest monthly market report Opec said that China’s oil ... production was 4.24 million bpd, up 1.4%, or 60,000 bpd from the 4.18 million bpd in 2023. China doesn’t disclose changes ...