WTI price rose due to rising supply concerns following the news of Israel planning to strike nuclear facilities in Iran. Iran may block the waterways through the Strait of Hormuz, raising concerns for ...

(Bloomberg) -- Oil slumped as OPEC discussed making a second ... the Trump administration to ask what changes the US was seeking in relation to the production of precursor chemicals that are ...

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, ...

A drop caused by policy changes in the United States ... “We believe we are at a tipping point for U.S. oil production at current commodity prices.” OPEC’s contribution to falling oil ...

An analysis piece sent to Rigzone by the S&P Global team on Monday stated that U.S. crude oil production is now expected ... “dizzying changes to U.S. tariffs - both real and proposed - are ...

While U.S. stock markets rallied on news of possible tariff reductions on China, oil prices ... role as OPEC’s swing producer as it looks to make a strong statement against production cut ...

World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and other OPEC+ members unwind output cuts, the International Energy Agency (IEA) said on Thursday, despite a ...

The developing relationship between OPEC+ and BRICS is significantly reshaping the global energy landscape. The coinciding ...

Additionally, starting April 1, eight OPEC+ countries agreed to gradually phase out voluntary oil production cuts ... and incorporate any significant changes in our price forecasts.

Changes in inventories reflect fluctuating ... When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect.

Oil gapped lower on OPEC perceptions and misconceptions ... OPEC+ announced its intention to increase production by 411K bpd from June. The change represents the phasing out of voluntary ...

This means that changes ... 2010-14 oil and gas cycle versus 2005-08 owing to global OCTG overcapacity. In 2020, Tenaris and its peers posted negative operating profits as well production reached ...