U.S. crude oil exports to Asia soar, complicating OPEC’s efforts: Russell
By Clyde Russell U.S. crude oil is flooding into Asia, and may continue to do so as the arbitrage window ...
Sunday, May 31, 2026
Tag: OPEC
BP sends in big guns as majors jostle for Abu Dhabi oil riches
When BP Plc goes to Abu Dhabi this week, where big oil companies will be jostling for access to the Emirate’s offshore ...
Oil steadies near $57 per barrel before U.S. crude inventory data
Oil steadied in New York before weekly data on crude inventories in the U.S., the world’s biggest oil consumer. Futures ...
OPEC forecasts slow growth in demand for its oil, sees US shale dominating the market in coming years
The organization of Petroleum Exporting Countries (OPEC) has forecasts in a new report that global demand for its crude will ...
Is $60 oil too tempting for OPEC?
By Irina Slav Last week, a Bloomberg energy journalist tweeted from Riyadh, wondering why there are no mass ...
Oil rebound drives shell to booming profits
Royal Dutch Shell became the latest major oil company to deliver better than expected earnings in recent months as the ...
OPEC oil output drops in October as Kurdistan tensions weigh on Iraq
Tensions in Iraq between the semi-autonomous northern region of Kurdistan and the central government in Baghdad weighed on OPEC’s production ...
Oil prices surge, set to go above $70 as OPEC-led supply cuts tighten market
Oil prices were up early Tuesday, supported by a tightening market due to ongoing OPEC-led efforts to cut supplies, although ...
Nigerian banks’ overnight rates moderate as N93.74bn maturing OMO bills hit the system
Nigerian interbank overnight rate, which rose to148 percent Monday as banks scramble to muster naira liquidity to cover their positions ...
OPEC working on exit strategy to reassure investors it won’t flood market after curb deal
As OPEC negotiates the extension of its oil production cuts until the end of 2018, it’s also quietly started working ...
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