The decision by OPEC+ to release more oil into the market may have additional motivations and consequences. It could be a strategic move to discourage non-OPEC producers from increasing their crude ...

Saudi Arabia is cutting oil prices for buyers in Asia, its largest market, as Opec+ begins to ease restrictions on production. State producer Saudi Aramco will lower the price for its Arab Light crude ...

The SPR was created in 1975 in the aftermath of the 1973 Arab oil embargo and is intended to blunt the impact of supply disruptions, such as hurricanes or war in producer countries. Trump has ...

Downside risks on demand will likely be greater than supply side risks at this point with the additional oil coming from OPEC, said Scott Shelton, energy analyst at TP ICAP. “Spare capacity can offset ...

Downside risks on demand will likely be greater than supply-side risks at this point with the additional oil coming from Opec, said Scott Shelton, energy analyst at TP ICAP. “Spare capacity can offset ...

“Opec wants to test whether the market can sustain higher supply,” he said in a note. But he added that none of the recent US economic data releases were supportive for oil demand. As well as ...

The rise in Nigerian oil production and an increase in Iran’s output despite U.S. attempts to curb Iranian flows pushed up the total OPEC production in February, according to the Reuters survey.

Output target as announced by the countries making voluntary cuts, or as announced by OPEC. Excludes Iraq compensation plan for ... Venezuelan data includes upgraded synthetic oil. Nigerian crude ...

But the oil market is front-running their worry, hitting multi-month highs from the combination of a European ban on Russian supply,... The Devil Is Always In The ISM Details And Can OPEC Deliver ...

OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing pressure on OPEC and Saudi Arabia to bring ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. President Donald Trump’s first month in office has been dizzying for U.S ...