Cuts to US Oil Jobs and Spending Threaten Output Growth
The US oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in…
Tag: OPEC
Oil Retreats on US Tariff Uncertainty and OPEC+ Supplies
Oil prices slipped on Thursday as the possibility of US tariffs being reinstated raised demand concerns ahead of an expected supply boost by major producers.…
Oil Climbs $1 as Price Drop Triggers Buying
Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ to boost output sent…
Expert highlights insights on OPEC+, LNG, and Trump’s energy shift
Liquefied natural gas (LNG) is set to play a pivotal role in the energy markets and the ongoing race to net zero emissions by 2050,…
Inside OPEC+, Saudi ‘lollipop’ oil cut was a surprise too
LONDON, June 9 (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its own oil output during a weekend…