OPEC
Alarm bells for climate as ‘unthinkable’ Opec move sets stage for oil glut
The International Energy Agency forecast this month that global oil capacity in 2030 may exceed demand, which could lead to ...
Big Oil given stark warning as a major supply surplus expected by 2030
Aerial view taken on May 20, 2024 shows the Olmeca oil refinery belonging to the company Petroleos Mexicanos (PEMEX), which ...
Oil Advances as Iran Warship in Red Sea Ratchets Tensions Higher
(Bloomberg) — Oil rose in New Year trading after Iran sent a warship into the Red Sea, escalating Middle East ...
From China to OPEC+, here are the biggest wildcards that could jolt oil markets in 2024
ANDREWS, TX – JANUARY 20: An oil pumpjack works at dawn in the Permian Basin oil field on January 20, ...
OPEC+ can’t cut oil production enough to push crude prices higher, energy expert says
Crude oil tankerGetty Images OPEC+ can’t cut oil output enough to push prices higher than where they’re at. According to ...
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COP28 clashes over fossil fuel phase-out after OPEC pushback
Some members balk at fossil fuel phase-out inclusion Saudi Arabia and Russia push for focus on emissions, not fuels Nations ...
Observers see OPEC ‘panicking’ as COP28 climate talks focus on possible fossil fuel phase-out
DUBAI, United Arab Emirates (AP) — Veteran negotiators at the United Nations climate talks Saturday said that the push to ...
OPEC and Saudi Arabia are losing their grip on the oil market as prices see the longest fall in 5 years
Reuters OPEC and Saudi Arabia are losing their control over the world oil market. That’s due to booming US supply, ...
Here’s why OPEC’s production cuts haven’t boosted the price of oil
Andrew Burton/Getty Images Oil prices moved lower on Monday for the third consecutive session even as OPEC+ cut production. The ...
Oil Turns Lower as Market Fails to Shake Off Post OPEC+ Gloom
(Bloomberg) — Oil fell — after failing to hold an early gain — amid sustained skepticism that the latest supply ...
