Global Oil Inventories Shrink as OPEC+ Decision Looms
As OPEC+ gears up for its next meeting, the group finds itself at a crossroads that has the potential to sway…
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OPEC
Oil demand growth slows as non-OPEC supply expands, says IEA
Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday as it trimmed…
Oil market needs $14 trillion, says OPEC Secretary General
The global oil market will require $14 trillion in investments over the next 20 years if oil-producing nations hope…
Angola says it is leaving OPEC
Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is not serving…
Traders don’t see OPEC+ substantially lifting oil prices
Portfolio managers continued to be bearish on crude oil prices ahead of the now-delayed OPEC+ meeting, further…
OPEC source tells Reuters bigger cuts a likely option
An OPEC+ source told Reuters on Monday that the expanded cartel is considering bigger oil output cuts during its…
Angola not considering OPEC exit as output dispute roils
In the aftermath of a postponement in the next OPEC+ meeting for four days to November 30 over oil output quotas,…
OPEC oil output steady with African members making modest…
OPEC’s crude production held broadly steady last month, with modest increases across most of its African members…
Asian buyers scramble for alternative oil supplies after…
Several buyers in Asia are looking to buy spot oil cargoes from Russia, Africa, Brazil, or the United States after…
OPEC’s crude oil production hit hard as average 744,000…
OPEC’s crude oil production fell by an average of 744,000 barrels per day, according to OPEC’s Monthly Oil Market…
Venezuela could add 400,000 bpd to oil output if U.S.…
Venezuela’s oil output could rise by at least 400,000 barrels per day (bpd) if the United States authorizes…