OPEC+ alliance will break, sending oil prices lower
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman speaks during the 8th OPEC International Seminar in Vienna, Austria, July 5, 2023. Xinhua News Agency | Xinhua News Agency | Getty…
OPEC says IEA should be careful with calls to stop investing in oil
OPEC Secretary General Haitham Al Ghais said finger-pointing and misrepresenting the actions of OPEC and OPEC+ was “counterproductive.” Anton Petrus | Moment | Getty Images Oil producer group OPEC on…
Top energy analyst Paul Sankey
The new normal for crude oil could be $100 a barrel, according to leading energy analyst Paul Sankey. Sankey, ranked No. 1 by Institutional Investor for energy independent research in…
Oil producer group in focus ahead of Russia sanctions
Led by Saudi Arabia and Russia, OPEC+ agreed in early October to reduce production by 2 million barrels per day from November. Vladimir Simicek | Afp | Getty Images An…
Oil output cuts on the table ahead of Russia sanctions
OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg |…
Goldman Sachs sees ‘high probability’ of OPEC+ production cut
A group of some of the world’s most powerful oil producers is highly likely to take further measures to stem a price decline and try to balance the market, according…
OPEC+ imposes deep production cuts in a bid to shore up prices
Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession. Bloomberg | Getty Images A group…
Oil prices could soon return to $100 a barrel, analysts say
An influential alliance of some of the world’s most powerful oil producers is reportedly considering their largest output cut since the start of the coronavirus pandemic this week, a historic…
OPEC+ surprises energy markets with a small production cut
The OPEC logo on a sign at the group’s headquarters in Vienna, Austria. Bloomberg | Bloomberg | Getty Images A group of some of the world’s most powerful oil producers…