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The US and other crude producers will take more oil market share from OPEC in the coming years, Bank of America says
The US and other oil-producing nations will account for the bulk of crude supply growth in 2025, Bank of America said.
Key members of OPEC+ alliance are putting off production increases amid slack crude prices
Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year.
Crude oil rises by most in two weeks as OPEC+ expected to extend output cuts
Crude oil futures rose on OPEC+ production cut extension expectations. Geopolitical tensions also supported gains.
OPEC+ Oil Alliance Faces Stagnant Prices for Crude While US Drivers Enjoy Cheaper Gasoline
The OPEC+ alliance of oil exporting countries is deciding on whether to produce more crude as members face sluggish demand and competing production from non-allied countries, factors that could keep o
Oil prices fall on supply glut fears despite OPEC+ output cut extension
Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026.
Members of the OPEC+ oil producers' alliance postpone production increases as crude prices stagnate
Members of the OPEC+ oil producers' alliance postpone production increases as crude prices stagnate.
OPEC+ to delay oil output hike, propping up prices
OPEC+ is set to again push back its planned increase in oil output, in an effort to support the market next year. The oil-producing bloc has already delayed its anticipated output hike several times,
Oil prices dip as extended OPEC+ supply cuts highlight weak demand
Oil prices dipped on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026. Brent crude futures fell 21 cents, or 0.
Oil prices little changed after OPEC+ members delay production increase until April
Oil prices were little changed on Thursday after OPEC+ members agreed to delay plans to increase production. U.S. crude oil down 2 cents, or 0.03%, to $68.52 per barrel at 8:26 a.
9h
Oil edges up as rising Mideast tensions offset demand fears
Oil prices nudged higher on Monday as heightened tensions in the Middle East following the overthrow of Syrian President ...
Crude Oil Prices
1h
Saudi Arabia Cuts Oil Prices for Asia as Demand Concerns Persist
Saudi Arabia cuts oil prices for Asian deliveries in January due to weaker-than-expected demand, despite some signs of a ...
4d
on MSN
U.S. Crude Oil Stockpiles Fall More Than Expected
U.S. crude oil inventories fell more than expected last week and product stocks saw a buildup as refineries ramped up their ...
3d
Russian Flows of Crude via Druzhba Into Czech Republic Restart
The flow of Russian crude oil via the Druzhba pipeline into the Czech Republic has restarted, according to Orlen SA, a ...
2d
Crude Oil Price Outlook – Crude Oil Continues to Trade in a Range
The crude oil markets that I follow here at FX Empire are both doing the same thing, which is to say they are testing the lower end of the range that they have been in for some time. At the end of the ...
5d
Russia's crude oil and LNG shipments to Asia slip slightly in 2024
Asia's imports of Russian crude oil and liquefied natural gas are set to log small declines this year and while coal had a ...
1h
India’s upstream policy overhaul, windfall tax removal likely to draw in global oil firms
India's new exploration policy aims to attract private and foreign entities by broadening scope and abolishing windfall tax.
Crude Oil Prices
4d
Oil Prices Tick Higher on Crude Inventory Draw
Crude oil prices rose following a surprise inventory draw reported by the EIA, but concerns about global demand persist.
Daily Post Nigeria on MSN
2d
Fisayo Soyombo: You don’t need to borrow, we have crude oil – Adeyanju to Tinubu
Human rights lawyer and activist, Deji Adeyanju, on Friday urged President Bola Tinubu's administration to curb illegal crude ...
5h
on MSN
Oil climbs as Assad's fall brings more uncertainty to Middle East
Oil prices climbed on Monday after the fall of Syrian President Bashar al-Assad's regime introduced greater uncertainty to ...
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