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Category opec

OPEC+ plans to raise oil production by 137,000 barrels per day in November

OPEC+ plans to raise oil production by 137,000 barrels per day in November

OPEC+ is expected to approve another production increase of 137,000 barrels per day at its meeting next Sunday, according to a report from Reuters ...
Oil producers take yearly $500B for zero production growth amid Russian disruptions

Oil producers take yearly $500B for zero production growth amid Russian disruptions

The global oil industry is bleeding money just to stand still. According to reporting from the International Energy Agency on Tuesday, oil producer...
Trump threatens new oil sanctions on Moscow after failed peace talks 

Trump threatens new oil sanctions on Moscow after failed peace talks 

US President Donald Trump has said that he is running out of patience with Russian President Vladimir Putin. To that end, he has threatened Moscow ...
Saudi cuts crude burn while OPEC+ lifts output

Saudi cuts crude burn while OPEC+ lifts output

Saudi Arabia is releasing 500,000 extra barrels of crude per day into the market this month. The reason? Production is going up, and the need to bu...
OPEC+ faces pressure to balance surplus and market share

OPEC+ faces pressure to balance surplus and market share

At Asia’s largest oil industry meeting this week, two questions framed the discussion: How much crude is China putting into its strategic petroleum...