News

Saudi Arabia Deals a Blow to Russian Economy
The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
OilPrice.com1h
Banks Slash Oil Price Forecasts as OPEC Resumes Fight for Market Share
Wall Street banks have sharply downgraded oil price forecasts for 2025 and 2026 after OPEC+ unexpectedly accelerated ...
Oil Futures Rebound From OPEC-Induced Selloff
Oil futures rebounded, and Capital Economics cut its year-end price forecast for Brent to $60 a barrel from $70, and for the end of 2026 to $50 from $60.
OPEC+'s 'healthy' crude oil market looks like catching a cold: Russell
If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...
OPEC+ production hike ratchets up global oil oversupply, Morgan Stanley says
Crude oil futures settled at the lowest levels in more than four years after the decision by OPEC+ to accelerate its ...
BS EDIT: Opec's output boost aims to enforce order—but at what price?
Quota violations are common in Opec. Saudi leverage comes from spare capacity, used to discipline non-compliant members ...
OilPrice.com5h
Peak Shale May Be Here Says Diamondback CEO
The outlook from Diamondback, one of the industry’s most prominent producers, marks a key shift for expectations within the ...
Investor's Business Daily on MSN1d
OPEC Shifts To Oil Price-War Stance Ahead Of Trump Saudi Visit
The Saudi-led OPEC meeting was originally scheduled for Monday, but moved ahead with "less than a day's notice" to Saturday, ...