News

Saudi Arabia Deals a Blow to Russian Economy
The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
OPEC sends oil prices reeling, but what’s good for Texas drivers may not be for drillers
On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...
OPEC+'s 'healthy' crude oil market looks like catching a cold: Russell
If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...
Oil sinks 4% after OPEC output increase
Crude oil futures tumbled at the open Sunday after OPEC decided to boost output. WTI crde (CL1:COM) -3.8% and Brent (CO1:COM) ...
OPEC+ Production Decision Will Widen Global Oil Oversupply, Morgan Stanley Says -- OPIS
Morgan Stanley analysts on Sunday said Saturday's announcement by OPEC+ that it will increase June output by 411,000 b/d for a second straight month will widen the supply surplus this year and next, ...
Opec’s ‘healthy’ crude oil market looks like catching a cold
If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...
OPEC+ production hike ratchets up global oil oversupply, Morgan Stanley says
Crude oil futures settled at the lowest levels in more than four years after the decision by OPEC+ to accelerate its ...
Axios on MSN22h
What OPEC's big weekend says about Trump
Saudi Arabia and some other members see President Trump — for now — as more invested in lower prices than in what's ...