By Michael Rothman* Members of the Organization of the Petroleum Exporting Countries gathered on Monday via video for its regular monthly review of quotas and an assessment of the global oil balance. For the former, there has been little concern about members adhering to ceilings with production co»»»

OPEC and its allies are likely to stick to plans to raise oil output by 400,000 barrels per day (bpd) at an OPEC+ meeting on Thursday, sources said, despite calls from the United States for extra supply to cool rising prices. Top OPEC producer Saudi Arabia has already dismissed calls for more oil s»»»

SINGAPORE, Aug 1 (Reuters) - Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments. Brent crude futures were down $»»»

SINGAPORE: Oil prices were broadly steady on Friday, lifted by supply concerns as attention turns to the next meeting between OPEC and its allies, though fears of recession capped gains, according to Reuters. US West Texas Intermediate crude futures for September delivery rose 67 cents, or 0.7 perc»»»

OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand from the coronavirus pandemic have pushed oil above US$80 per barrel. The oil price rally to a three-year high is exacerbated by an even bigger increase in ga»»»

Crude oil prices went down up to 2.75 percent for the second consecutive week after rallying for seven straight weeks in the international market. According to details, Brent, the international benchmark for two-thirds of the world’s oil, shed 1.17 percent during the week to reach $82.74 from $83.7»»»

Brent oil price hit its highest level in 12 months after pandemic-driven concerns over a supply glut were eased with massive output cuts of major oil producers. International benchmark Brent crude was trading at $57.84 per barrel at 0720 GMT for a 0.07% rise after closing Tuesday at $57.80 a barrel»»»

Wall Street stocks powered to fresh records Monday, while bitcoin also touched an all-time high after Tesla declared itself an investor in the cryptocurrency. Also rising were oil prices to a 52-week high, while US Treasury yields also surged before pulling back. All three major US stock indices st»»»

The United States saw an improvement in its demand recovery forecast. The American Petroleum Institute (API) reported last Tuesday that crude oil inventories fell to 4.3 million barrels during the last week of January. This data contrasts sharply with analysts' forecasts, who expected an increase o»»»

NEWYou can now listen to Fox News articles! That was the question famously posed to Americans during his last debate with then-president Jimmy Carter. The country answered by delivering one of the greatest election landslides of all time; Reagan won 489 Electoral College votes to Carter’s 49. How w»»»

Oil fell for a fourth day, heading for the longest run of losses since March, on the threat to demand from the delta coronavirus variant. West Texas Intermediate futures declined 0.4 per cent after losing almost 3 per cent over the previous three sessions. US gasoline consumption fell for a third w»»»

Oil fell for the fourth consecutive day, heading for the longest losing streak since March, due to the growing threat to demand from the spread of the delta variable of the coronavirus. Brent crude, the benchmark, fell below $70 a barrel, after losing nearly 3% during the… The previous three sessio»»»

rose on Friday after Opec+ said it could review its policy to at short notice if a rising number of coronavirus infections, spurred by the , chokes off demand. Brent and West Texas Intermediate futures jumped as high as $72.48 per barrel and $69.13 per barrel, respectively, during early morning tra»»»

Oil prices in the United States have hit a seven-year high as a confluence of factors has seen the cost of a single barrel of crude oil go from $20.10 in April of 2020 to $78.03 as of Monday. The fallout from Hurricane Ida and a lack of truck and port workers, combined with a surge in demand as the»»»

LONDON- OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand from the coronavirus pandemic have pushed oil above $80 per barrel. The oil price rally to a three-year high is exacerbated by an even bigger increase»»»

Oil prices were steady to higher in Asia trade on Friday, lifted by supply concerns as attention turns to the next meeting between Opec and its allies, though fears of recession capped gains. US West Texas Intermediate (WTI) crude futures for September delivery rose 38 cents, or 0.4 per cent, to $9»»»

Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments. Brent crude futures dropped 63 cents, or 0.6%, to $103.34 a barrel by 0000 GMT. U.S. West Texas Intermediate crude was at $97.87 a barrel, down 75 cen»»»

TEHRAN, Oct. 17 (MNA) – OPEC+ member states lined up to endorse the steep production cut agreed this month after the White House, stepping up a war of words with Saudi Arabia, accused Riyadh of coercing some other nations into supporting the move. Saudi Arabia's defense minister said the decision b»»»