OPEC+ Suspension of Oil Output Increase in First Quarter of 2026
OPEC+ countries have confirmed the suspension of the planned increase in oil production during the first quarter of 2026, as eight key producers…
Tag: OPEC
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…
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…
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…
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…
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…