The Organization of Petroleum Exporting Countries (OPEC) is very positive on demand for oil in both the short and long term, Secretary General Haitham Al Ghais said at an energy industry event in Abu
The head of oil producer alliance OPEC brushed off what he called "pessimistic" forecasts of dwindling crude demand in the coming year. OPEC expects oil demand growth at 1.9 million barrels a day this
Oil futures saw strong gains Monday after the Organization of the Petroleum Exporting Countries said members would wait yet another month before beginning to unwind production cuts.
Crude is still down substantially over the last 12 months. U.S. producers have kept output high and China's economic slump is denting demand.
Oil prices rise as OPEC+ defers production boost, supporting a near-term bullish outlook. Geopolitical risks and Fed rate cut add volatility.
OPEC+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered investment in new production, the CEO of Italian energy company Eni said on Monday.
Patrick Pouyanne, TotalEnergies CEO, explains what can be done apart from "demonizing."
Oil prices were pushed up further on Monday after the OPEC+ cartel agreed to delay an increase in output for another month. Benchmark Brent crude climbed 2.3% to US$74.51 a barrel early on, adding to
Daniel Yergin of S&P Global discusses the OPEC+ output hike delay.
OPEC+ delays December production, adding upward pressure to natural gas and oil prices. Will this shift push prices past key resistance levels?
Oil rose in the early morning Asian session amid prospects of rising geopolitical tensions in the Middle East.
Oil prices rose by more than $1 in early trading on Monday after OPEC+ said on Sunday it would delay a planned December output hike by one month.
The oil market may have relaxed too quickly because the Middle East conflict lingers on with Iran playing a more active role. This means that there could be an intensification if Israel's retaliatory
OPEC+ has agreed to delay a planned December oil output increase by one month, two sources from the producer group told Reuters on Sunday.
Oil prices volatile as Israel-Iran tensions threaten supply; traders weigh bearish demand outlook and potential support from OPEC+ adjustments.
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