Saudi Arabia, Russia lead OPEC+ oil production cuts for next three months
OPEC+ countries, spearheaded by Saudi Arabia and Russia, have decided to prolong the recent voluntary oil production reductions…
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OPEC
Traders don’t see OPEC+ substantially lifting oil prices
Portfolio managers continued to be bearish on crude oil prices ahead of the now-delayed OPEC+ meeting, further selling off Brent…
OPEC opens oil cut talks, as Algeria urges members to persevere during…
With the global economy “still in deep recession,” the oil market’s struggles may well persist through the first quarter of…
Saudis and Russians reach deal on oil production cut, but it’s less…
OPEC and Russia reached a tentative agreement Thursday evening for a global cut in oil production by 10 million barrels a day…
Oil for less than $10 a barrel is on the horizon. Will OPEC blink first?
OPEC has portrayed itself as a source of stability in a chaotic world.
But the cartel undercut that argument last month…
When Covid-19 and OPEC Price War strikes Africa’s Oil & Gas Sector
African governments set to see decline in revenues; Exploration projects put on hold; Thousands of local jobs at risk if nothing…
Saudi Arabia just won control of the oil market
When Saudi Arabia, OPEC's de facto leader and most influential member, decided at its latest meeting in Vienna to break its…