China, the world’s largest oil importer, has just increased demand for crude for the remainder of the year, supporting near-term prices despite a souring macroeconomic backdrop across the globe, elevated US dollar, and the impact […]
CNBC’s Brian Sullivan sits down with Saudi Arabia’s Prince Abdulaziz bin Salman to discuss the decision from OPEC+ to cut oil production, a move that has sparked intense criticism from the White House. […]
The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, […]
Oil tankers that previously carried Iranian oil are switching to haul Russian crude, according to shipping analytics company Vortexa. Eleven of the tracked ships that previously carried Iranian crude have loaded Russian oil and products since April, […]
Firm’s net income rose to almost $40 billion in first-quarter Aramco follows Big Oil rivals such as BP with bumper earnings Saudi Aramco posted its highest profit since its record stock-market listing, after oil prices surged […]
All 13 members of OPEC saw their production rise by just 153,000 barrels per day. OPEC’s collective production rose to 28.648 million bpd in April. Saudi Arabia, raised its production by 127,000 bpd to 10.346 […]
New Delhi: Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman gave a “positive assessment” to their cooperation on the OPEC+ producers group to stabilise the world oil market, the Kremlin said in […]
OPEC raised its oil production by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases at the core OPEC members of the Middle […]
From April, three million barrels per day of Russian oil production could be shut in as sanctions take hold and buyers shun exports. That’s according to the International Energy Agency’s (IEA) latest oil market report, […]
(Bloomberg) — Russia’s invasion of Ukraine threatens to intensify the surge in global inflation, hurting oil demand and investment, the Organization of Petroleum Exporting Countries warned. International crude prices briefly hit a 13-year high of […]
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