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...
OPEC+ sees tighter market in 2022, risks to oil demand growth By Reuters
[ad_1] © Reuters. FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and...
OPEC chief says blame policymakers, lawmakers for oil price rises
Oil’s recent slide reflects fears, physical demand robust Relatively optimistic on outlook for 2023 Says keen to extend deal with Russia beyond 2022 LONDON, Aug...
Oil Markets Could Face A Doomsday Scenario This Week
Global oil markets are going to be very volatile in the coming months if news emerging from OPEC’s main producers about production capacity constraints turns...
Biden’s Trip To Saudi Arabia Won’t Solve The Oil Market’s Problems
When news broke last week that President Biden was planning a Middle East visit that would include Saudi Arabia, many an industry observer saw in...
Biden bans Russia oil imports to U.S., warns U.S. gasoline prices will rise further
U.S. President Joe Biden announces actions against Russia for its war in Ukraine, during remarks in the Roosevelt Room at the White House in Washington,...
The Ukraine Crisis Could Trigger An Oil Supercycle
The world is short on spare oil production capacity. This became clear a while ago despite attempts to ignore it on the part of some...
Don’t Count On OPEC To Bring Oil Prices Down
The crisis in Ukraine has dominated the media space for weeks now, with a special focus on potential energy supply disruptions should the invasion scenario...
Oil could vault as high as $150 a barrel, veteran analyst warns
Some pumpjacks operate while others stand idle in the Belridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images Oil...
OPEC Sees No ‘Immediate Solution’ To High Oil Prices
A lack of investment in oil supply in recent years is limiting the ability of oil-producing countries to boost production significantly, leaving the oil market...