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.
Postponing the unwinding of the cuts for another month also enables the group to delay a decision on production levels for 2025 until after the US election, analysts said. Opec+ members are due to ...
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.
OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a Reuters survey found, although a further Iraqi effort to meet its cuts pledged ...
Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, ...
The backdrop of the group’s production boost is a murky market landscape: Brent crude oil prices have dropped nearly 19% since early April, falling to below $74 per barrel, driven by demand fears in ...
Rigzone talks to representatives of Hartree Partners, the Heritage Foundation, and the American Enterprise Institute.
The sharp move comes after OPEC+ has agreed to delay its 180,000 barrels production increase to December. The US Dollar Index is looking for support after polls show slight favor for Harris to win.
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