Oil holds steady near four-month high on OPEC+ cuts By Reuters
© Reuters. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21,...
Russia’s Sechin says Taiwan will return to China ‘on schedule’
Sechin: China will get Taiwan on time Sechin praises Saudi Arabia Sechin says BP a ‘shadow’ shareholder BP: continuing to pursue an exit BAKU, Oct...
Biden Is Running U.S. Energy Security Into The Ground
The White House divulged late on Tuesday its plan to release 15 million barrels of crude oil from the strategic petroleum reserve to be delivered...
Biden Is Re-Evaluating Relations With Saudi Arabia Following The OPEC+ Cut
U.S. President Joe Biden is re-evaluating the United States’ relationship with OPEC’s de facto leader Saudi Arabia after the Kingdom led the OPEC+ group to...
Global Recession Fears Push Oil Prices Lower
The bullish news of the OPEC+ output cut is wearing off, and the market is once again focusing on the possibility of a global recession....
Morgan Stanley: Oil Prices Will Hit $100 Next Quarter
Oil prices will rise again to $100 per barrel faster than previously estimated, Morgan Stanley said on Thursday, lifting its price forecast for the first...
The OPEC+ Cut Is A Disaster For President Biden
The OPEC+ decision to cut its production quota by 2 million bpd has placed the Biden Administration between a rock and a hard place, with...
The U.S. Is Preparing Its Response To The “Short-Sighted” Strategy Of OPEC+
The United States is considering “response options” in its relations with OPEC+ members and its de facto leader Saudi Arabia after the group announced a...
Oil Markets Are Set Up For A Bull Run
After weeks of losses, oil markets appear to be set up for a rally as multiple bullish catalysts come together. The expected cut to OPEC+...
An Oil Supply Shock May Be Imminent
When the chief executive of Aramco said earlier this week that years of underinvestment had damaged the balance between supply and demand in the oil...