U.S to become leader of oil, gas supply as crude to Europe threatens Middle East sales in Asia
Fatih Birol, International Energy Agency (IEA) Chief Economist The International Energy Agency asserted on Friday that the United States is ...
Sunday, May 31, 2026
Tag: OPEC
OPEC increases non-members production forecast raising concern over US supplies
Emmanuel Ibe Kachikwu, Nigeria's petroleum and resources minister, center, looks on during a news conference the 173rd Organization of Petroleum ...
Oil prices up on falling US crude stocks, militants’ threat to attack sector in Nigeria
An oil pump jack for illustration Oil prices rose on Thursday on a reported decline in U.S. crude inventories, and ...
Oil prices slip as analysts warn correction after 13% gain in past month
Oil prices slipped slightly Wednesday but remained firm underpinned by tightening supply and strong global demand. This is just as ...
Pressure rising on OPEC to develop long-term output plan
The battle between OPEC and shale oil producers can be characterized as a two-round fight. In the first round, shale ...
OPEC will try to talk prices down if oil tops $70, Goldman says
OPEC would try to talk down an oil rally above $70 a barrel to cushion the impact on the global ...
OPEC’s cheer over 2018 oil rally tinged by shale worries
Oil’s price rally this year to its highest since May 2015 may seem a source of glee for OPEC, but ...
OPEC not keen on increased Brent crude prices above $60 pbd, Iran oil minister says
A key minister of OPEC has warned that the group risks overheating the oil market as crude prices head toward ...
Oil prices near $62 as U.S. crude stockpiles seen declining
Oil steadied near $62 a barrel on estimates that U.S. crude stockpiles declined for an eighth week as the rebalancing ...
Global hunt for new oil to slow even amid market boom
The global hunt for new sources of oil will slow by around $3bn this year even as oil prices climb ...
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