OPEC+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered investment in new production, the CEO of Italian energy company Eni said on Monday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $71.35 on Wednesday. The WTI price edges lower as the US presidential election polls were closing in the United States.

Marianne Kah spent 25 years as chief economist at ConocoPhillips. She talked about rgw fossil fuel landscape with a focus on ...

This impact, in turn, will affect investment in new production—and future supply. According to the IEA—and numerous analysts—non-OPEC supply is enough to make up for the cuts that the cartel ...

Investing.com - European stock markets ended ... Energy - Higher Demand for OPEC Oil Oil prices settled lower yesterday as the market digested the US SPR release announcement, while the YoY ...

Crude output from the Other 8 OPEC producers (those not part of the Big 4) has risen at an average annual rate of 447 kb/d for the past 36 months. The OPEC Monthly Oil Market Report (MOMR ...

Wall Street indexes showed positive momentum, driven by strong bank earnings reports. Tech sector earnings, expected later in October, could further boost US indices. S&P 500 technical analysis ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost Exxon, Chevron, Shell, BP post production gains as crude drops OPEC plans to add barrels to the market starting in December ...

OPEC and the Saudi government communications office did not immediately respond to requests for comment.

OPEC and its allies aren’t likely to bring oil output back this year because producers are “making huge money” from refined products, according to Rystad Energy. “Our view is that they ...

OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use. Global oil consumption will ...