The International Energy Agency expects a significant supply shortfall for the rest of this year and says low inventories ...
Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. Saudi Arabia will extend its voluntary 1 million bpd crude ...
Oil supply cuts by Saudi Arabia and Russia will create a “significant supply shortfall” and threaten a renewed surge in price ...
Saudi Arabia and Russia, in coordinated statements, said Tuesday they would extend their cuts in oil supplies through the ...
By Yusuf Khan Saudi Arabia's decision to extend cuts to crude oil output until the end of the year is likely to lead to a significant supply shortfall ...
Crude oil prices on Tuesday jumped as much as 2.7% to the highest since November after Saudi Arabia and Russia said they’re ...
Global oil inventories were expected to fall in the fourth quarter after Saudi Arabia extended output cuts this month, while ...
The demand-supply imbalance comes as Saudi Arabia, OPEC's de facto leader, recently extended its production cuts. Meanwhile, Russia is extending its limits on oil exports.
U.S. crude oil production is forecast to rise more than previously thought in 2023, while global oil inventories are expected ...
HSBC Global Research on Friday raised its forecast for Brent oil prices in 2023 and 2024, predicting that the market would ...
U.S. oil production is predicted to hit 13 million bpd in September, matching the record output from November 2019. Major ...
Brent crude was up $1.74, or 1.88 per cent, at $93.62. The session high of $93.68 was its highest since November 2022.
