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OPEC+ members to delay oil production increase until Apr.
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.
Members of OPEC+ oil producers' alliance postpone production increases as crude prices stagnate
Eight members of the OPEC+ alliance of oil exporting countries decided Thursday 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.
Oil ends lower after OPEC+ again delays phaseout of production cuts
Oil futures finished lower on Thursday after the Organization of the Petroleum Exporting Countries and its allies, as expected, agreed to further postpone a proposed unwinding of production cuts in the face of ample global supply and shaky demand from China.
Russian oil flowing to Czech Republic again
Czechia resumes Russian oil imports via Druzhba pipeline
"The supply was restored this morning, and oil is once again flowing through the Druzhba pipeline to the Czech Republic," said Mariusz Wnuk, the general director of Orlen Unipetrol. Read also: Austria and Slovakia abandon Druzhba pipeline connection project with Russia Wnuk expressed gratitude to the Czech government and the State Material
Russian oil flowing to Czech Republic again after interruption
Russian oil is once again flowing to the Czech Republic via the Druzhba pipeline, after a temporary outage. Deliveries via the pipeline were resumed on Friday morning, Mariusz Wnuk, director of the company Orlen Unipetrol,
Oil flow to Czech Republic through Russia's Druhzba pipeline resumes after unexplained shutdown
Oil delivery to the Czech Republic from Russia through the Druhzba pipeline has resumed after it was interrupted two days ago, official said
22h
Oil set for weekly loss on surplus fears despite OPEC+ cut extensions
Oil prices fell on Friday as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone ...
22h
Saudi Arabia Is Losing Its Iron Grip on Global Oil Markets
Rising U.S. production and internal OPEC+ pressure limit the kingdom’s sway over prices. Trump is a new wild card.
1d
Oil Patch in Canada Has $24 Billion Shield Against Trump Tariffs
The expansion of Canada’s Trans Mountain pipeline represented a $24 billion bid to help the country’s oil producers reduce ...
12h
on MSN
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 ...
22h
on MSN
OPEC+ Delays Oil Output Hike Once Again
The Organization of the Petroleum Exporting Countries and its allies will further push back an oil production increase ...
1d
OPEC Plus Postpones Plan to Increase Oil Output for Three Months
The oil cartel had aimed to start opening the taps in January, but delayed in the face of weak demand and plans by other ...
3d
Oil headed to $65 per barrel in 2025 amid ample supply, BofA says
Wall Street analysts are forecasting a bearish market for oil next year as the world's electrification shift progresses and ...
19h
Morgan Stanley, HSBC cut oil supply forecast, predict $70 Brent after OPEC decision
Morgan Stanley and HSBC revised down their expectations for an oil market surplus next year and forecast a Brent price of $70 ...
2d
on MSN
Oil Seen Below $60 by Middle of New Trump Term, Survey Shows
Banks are gearing up for US oil prices to fall below $60 a barrel by the middle of President-elect Donald Trump’s new term in ...
E&E
2d
Trump gets second chance to drill ANWR. Will oil companies bite?
The Biden administration reversed course, freezing exploration for oil in ANWR, but President Joe Biden didn’t galvanize ...
15h
on MSN
Oil prices drop on supply glut fears despite OPEC+ output cut extension
Oil prices fell 1% on Friday and were headed for weekly losses as analysts projected a supply surplus next year on ...
1d
on MSN
Shell, Equinor announce joint venture to become Britain's largest independent oil, gas venture
Petroleum giant Shell announced a plan to create a jointly owned energy company with Norway's Equinor on Thursday to build ...
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