Oil is trading higher for a second day after the US said it would reduce Iran's energy exports to zero. Meanwhile, OPEC+ is ...

The oil price was also hit by the decision of the Organisation of Petroleum Exporting Countries (OPEC) and its allies to increase oil production by 411,000 barrels per day (bpd) in May ...

Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the ...

Worse still, a decision by the Saudi-led Opec cartel to unexpectedly increase output will also boost supply just as demand is expected to weaken. This means oil prices are expected to fall even ...

A Reuters survey found that OPEC oil output fell in March as Nigeria curbed deliveries to domestic refineries. In March, supply from Nigeria, Iran, and Venezuela fell by 50,000 bpd each ...

(Bloomberg) — Saudi Arabia’s oil supply shock has set up a standoff with OPEC+ members who keep busting their quotas, but the biggest of the offenders has yet to flinch. Kazakhstan — whose persistent ...

Lashana Lynch, whose MI6 agent Bianca Pullman spent the whole first season chasing the Jackal, will be entered in Best Drama Actress. Richard Dormer, as the Jackal's gunsmith Norman Stoke ...

VIENNA, 8th April, 2025 (WAM) -- The OPEC Fund for International Development has signed a financing agreement with Banesco, a financial institution in the Dominican Republic, to provide a US$10 ...

At a virtual meeting of the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ oil ministers at the weekend, the only thing that was apparently discussed was better compliance with ...

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Oil prices are crashing due to global economic concerns and increased OPEC production. Goldman Sachs says Brent oil could fall under $40 by 2026 in an 'extreme' scenario US oil production may ...