OPEC+ has exported a record amount of refined products, blunting the impact of the group's crude output curbs, as members including Saudi Arabia, seek to boost
OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S.
OPEC+ is debating whether to raise oil output in April as planned or freeze it as its members struggle to read the global
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government's Energy
Syria is seeking to import oil via local intermediaries after its first post-Assad import tenders garnered little
Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia's oil trade on
– Oil prices held near recent highs on Friday amid optimistic demand forecasts from the OPEC producer group and the International Energy Agency (IEA). Brent crude was down 12 cents, or 0.1%, at $86.28 a barrel at 0910 GMT while U.S. West Texas Intermediate (WTI) crude futures were down 7 cents, or 0.1%, at $82.75. Both benchmarks have been on a sustained rally since June, with WTI trading on Thursday at its highest this year and Brent hitting its highest since late January. The IEA on Friday warned that global inventories could fall sharply over
– Oil prices gained ground on Friday amid optimistic demand forecasts from the OPEC producer group and the International Energy Agency (IEA). Brent crude was up 49 cents, or 0.6%, at $86.89 a barrel at 1118 GMT while U.S. West Texas Intermediate (WTI) crude futures were up 49 cents, or 0.6%, at $83.31. Both benchmarks have been on a sustained rally since June, with WTI trading on Thursday at its highest this year and Brent hitting its highest since late January. The IEA on Friday warned that global inventories could fall sharply over the rest
An OPEC technical panel invited a top financial market dealer to give a presentation this week which painted a bearish outlook for the oil market, according to a
OPEC+ is still negotiating ahead of an oil policy meeting on Thursday, sources said on Monday, a gathering analysts expect and some OPEC+ sources
Oil prices rose on Thursday, extending the previous session's gains, boosted by a weaker dollar and as the International Energy Agency (IEA)
At least six more oil tankers were steering clear of the southern Red Sea on Monday, as disruptions on the vital route for energy
Two oil tankers that had diverted away from the Red Sea have turned back and passed through the Bab al-Mandab Strait, ship-
A push to replenish depleted oil stocks notably in China, the United States and Europe could buoy demand and prices in coming
Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern
OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid
Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has
Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor under prices while sizeable spare
An OPEC+ panel is unlikely this week to make any changes to its current deal to cut production and to start unwinding some
OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to
OPEC+ is discussing delaying an oil output increase scheduled to start in October after oil prices hit their lowest in nine months,
OPEC+ has agreed to delay a planned oil output increase for October and November, the producers group said on Thursday after crude
Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows, marking a
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