Pronounced oil oversupply likely if OPEC raises output, Macquarie says
While OPEC has postponed production increases originally planned for October and December, the potential for a January supply hike remains. Macquarie noted it “would be surprised to see OPEC announce the return of supply for Jan. '25; surprised, but not shocked.”
Oil futures rose slightly on Wednesday, finding support as investors look ahead to a meeting of the Organization of the ...
OPEC oil output rose for a second month in November as Libya's production recovered after resolution of a political crisis, a ...
US President-elect Donald Trump threatens to drag the Middle-East region into a war if hostages are not released.
Oil rose along with Asian equities on signs of a slow recovery in China’s economy, as traders look to Thursday’s OPEC+ ...
Output for August 2024 was revised higher by 4 kb/d and September 2024 output was revised higher by 25 kb/d compared to last ...
Saudi Arabia’s sway over OPEC long meant dominance of the global oil market. But the cartel’s fractious members are pushing to pump more, in part due to the expectation of growing competition from U.S ...
Extensions to the operating life of four nuclear power stations have been confirmed by Centrica, which holds a 20% stake in ...
OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had shuttered ...
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