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At Close: Jun 04, 2026
OPEC's Quota Wrangles May Impact Global Oil Markets
10:12am, Wednesday, 07'th Jun 2023
OPEC's June meeting provided some unexpected melodrama, with internal skirmishing between member countries spilling into public view. At stake were revisions to strictly regulated production quotas, w
The Biggest Economic Events Oil Traders Need to Keep an Eye On
04:37am, Wednesday, 07'th Jun 2023
This article explores three key economic events that oil traders should monitor closely.
Oil Price Forecast: Pressured by Worries of Surplus Inventories, Recession
01:30am, Wednesday, 07'th Jun 2023
Global economic headwinds, rising inventories, somber economic readings undermine WTI oil prices despite Saudi Arabia's output cut and OPEC+ efforts.
Oil prices steady as fears over supply tightness counter demand woes
09:04pm, Tuesday, 06'th Jun 2023
Oil prices steadied on Wednesday after the previous session's losses, as demand concerns owing to slow global economic growth were offset by fears of tighter global supply following Saudi Arabia's ple
OPEC+ output cuts could pump up E&P and IOC stock prices
03:40pm, Tuesday, 06'th Jun 2023
OPEC+ announced on Sunday planned production reductions from some of its member states, most notably Saudi Arabia agreeing to make a one million barrel per day (bpd) voluntary cut starting in July. UB
U.S. oil futures settle lower a day after rising in the wake of Saudi Arabia's plan to cut output
02:45pm, Tuesday, 06'th Jun 2023
Oil futures finished lower on Tuesday, with U.S. benchmark prices giving back what they gained a day earlier after Saudi Arabia on Sunday said it would take on an additional output cut of 1 million ba
Natural Gas, WTI Oil, Brent Oil – Oil Moves Away From Session Lows Despite Economic Worries
02:23pm, Tuesday, 06'th Jun 2023
Oil markets gained upside momentum as traders focused on OPEC+ production cuts.
EIA predicts record-high 2023 and 2024 U.S. oil output
02:22pm, Tuesday, 06'th Jun 2023
The Energy Information Administration on Tuesday raised its oil-price forecasts for this year and next, and said it expects U.S. production to hit record highs as global supplies tighten following a d
US 2023 oil output to rise more than previously expected, EIA says
01:36pm, Tuesday, 06'th Jun 2023
U.S crude oil production this year will rise faster and demand increases will cool compared to prior expectations, the U.S. Energy Information Administration (EIA) said on Tuesday.
Oil prices fall, erasing jump seen after Saudi production cut
07:43am, Tuesday, 06'th Jun 2023
Oil futures fell Tuesday, more than erasing the jump that followed Saudi Arabia's weekend announcement of a 1 million-barrel-a-day July output cut, as traders fretted over the global economic outlook.
Oil Price Forecast: OPEC+ Output Deal Boosts Market Optimism, but Global Economic Concerns Persist
01:21am, Tuesday, 06'th Jun 2023
WTI Oil prices slide as concerns about the global economic outlook overshadow Saudi Arabia's production cut.
Oil prices tick down with OPEC meeting in rear view
08:58pm, Monday, 05'th Jun 2023
Oil prices edged lower on Tuesday, giving up most of the prior session's gains that followed an announcement by the world's top exporter, Saudi Arabia, that it would further cut output.
Saudi Thinks It's the 'Central Bank of Oil,' Yergin Says
03:33pm, Monday, 05'th Jun 2023
Daniel Yergin, S&P Global Vice Chairman discusses Saudi Arabia and Russia oil production. He speaks with David Westin and Romaine Bostick on "Wall Street Week Daily.
U.S. oil futures settle at their highest in more than a week
02:57pm, Monday, 05'th Jun 2023
Oil futures climbed on Monday, with U.S. benchmark prices settling at their highest since May 26. Saudi Arabia on Sunday agreed to voluntarily cut its oil production level by 1 million barrels a day i
Natural Gas, WTI Oil, Brent Oil – Oil Pulls Back From Session Highs Amid Profit-Taking
02:21pm, Monday, 05'th Jun 2023
Oil markets jumped as OPEC+ decided to cut production but traders used the rally as an opportunity to take some profits off the table.
