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Oil

OPEC sticks to oil demand growth view citing resilient economy

OPEC on Tuesday stuck to its forecasts for robust growth in global oil demand in 2023 and 2024 citing signs that major economies are...

Oil jumps as Saudi Arabia and Russia extend supply cuts to end-2023

Oil prices jumped about 2% on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a combined...

Oil prices climb on expectations of lower OPEC+ exports in August

Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand...

Oil prices slip as bearish China data fuels demand concerns

Oil prices eased on Wednesday as concerns over slow demand from top crude importer China grew after bearish trade and inflation data, eclipsing fears...

IEA cuts global oil demand outlook for 2023 as economy slows

Global oil demand won’t grow as fast as previously expected this year due to the faltering economies of developed nations, the International Energy Agency...

Oil eases ahead of China, US data, but OPEC+ cuts limits slide

Oil prices dipped in Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and...

OMV Petrom makes largest crude oil discovery in decades

Romanian oil and gas group OMV Petrom, majority-controlled by Austria's OMV, said on Tuesday it discovered new crude oil and natural gas deposits equal...

Oil rises on Saudi plan to deepen output cuts from July

Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further...

Oil holds decline as investors digest Moscow’s message on OPEC+

Oil was steady after falling more than 3% on Thursday as Russia suggested OPEC+ wasn’t likely to change production levels at its next meeting,...

Oil prices jump, markets narrow odds on Fed hike

Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for...
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