There’s not much that unites Democrats and Republicans in Washington, D.C. But a foreign attack on American energy prices might do it. The recent Saudi-led decision by the OPEC+ oil cartel to cut ...
Algiers — Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said it was “imperative” that OPEC nations finalize an agreement over a cut in oil production aimed at ...
OPEC+ oil-producing ​countries will likely agree a further hike in their output targets from August when they ‌meet on Sunday ...
OPEC+ is set to hold a critical meeting on Wednesday in Vienna to decide whether to cut production, a move that would drive up the price of oil. Energy industry analysts say the cut could be as much ...
US Energy Secretary Sam Bodman welcomed the decision by Opec not to cut its production levels, even as US oil inventories soared to near a seven-year high. Opec ministers meeting in Vienna decided ...
No surprise to us, Saudi announced its intention to extend the OPEC production cut agreement. Global oil stockpile will fall below five-year average this year. Saudi not only needs higher oil prices, ...
OPEC has agreed to cut oil output by 1.2 million barrels a day. It's a bid to raise the price of oil and drain the oversupply of crude, says John Kilduff of Again Capital. He has doubts about whether ...
Prices initially rose after a surprise distillate supply drop and lower refinery capacity use was reported in government weekly oil data, traders said. Opec oil ministers are still debating the fine ...