News

Oil prices jump after OPEC+ agrees to another sharp production hike
The largest group of oil-producing nations agreed over the weekend to sharply increase crude production for the third month ...
U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...
COT Report: Speculators Sold Crude Ahead Of OPEC Hike Saxo Bank MENA
Geopolitical and tariff tensions spark strong weekly start for commodities The commodities sector has started t ...
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Saudi Arabia and Kuwait Announce New Oil Discovery
Saudi Arabia and Kuwait have announced a new oil discovery in their shared Partitioned Zone, marking the first such find ...
OPEC+ agrees on third oil supply surge to deepen price slump
The hike follows equally sized increases scheduled for May and June, marking a clear break with years of efforts by the group ...
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OPEC+ Mulls Even Larger Oil Output Hike as It Seeks Market Share
Eight key members of the Organization of the Petroleum Exporting Countries and its partners, led by Saudi Arabia, are due to ...
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OPEC Demands Consistency After Another IEA U-Turn
for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says.
The Saudis are hurting the US oil industry. Trump’s unlikely to talk about it.
Saudi government officials ”haven’t said they’re going to crush the U.S. oil and gas industry, but it’s a foregone conclusion ...
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Turkey Unveils Massive Shale Oil Reserves: A Game Changer?
Continental Resources and TPAO unveil a potential 6.1 billion barrel shale oil reserve in Turkey's Diyarbakir Basin. The ...