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.
Oil Futures Rebound From OPEC-Induced Selloff
Oil futures rebounded, and Capital Economics cut its year-end price forecast for Brent to $60 a barrel from $70, and for the end of 2026 to $50 from $60.
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 ...
OilPrice.com2h
Peak Shale May Be Here Says Diamondback CEO
The outlook from Diamondback, one of the industry’s most prominent producers, marks a key shift for expectations within the ...
Business Day4h
Nigeria’s crude grades sell above $65 as OPEC agrees output hike
Nigeria’s premium crude oil grades are trading above $65 per barrel as global oil prices hold steady despite OPEC agreeing to ...
BS EDIT: Opec's output boost aims to enforce order—but at what price?
Quota violations are common in Opec. Saudi leverage comes from spare capacity, used to discipline non-compliant members ...
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 ...
Axios on MSN1d
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 ...