The possibility of uncontrolled oil production outside OPEC undermines all chances of price

The 173rd meeting of the Organisation of Petroleum Exporting Countries (OPEC) – held on 30 November

OPEC oil cartel and allied producing countries to extend the global pact to cut oil production beyond

With the Delta variant of the coronavirus spreading worldwide-fuelling a 70% rise in U.S. infections last week-funds bailed out of long positions on Monday across multiple risk asset groups, including stocks and the dollar.... " It absolutely has the look of a speculative liquidation here." Some major banks have argued the market will continue to rally, with Goldman Sachs reiterating on Monday that it sees more upside.... A narrowing spread indicates that traders expect supplies to rise by the

A series of leaked papers seen by Greenpeace and the BBC reveal countries around Europe, Asia and the Middle East are attempting to water down commitments on climate change. The exposé of more than 32, 000 submissions comes as the UK prepares to host the United Nations Climate Change Conference, or COP26, from October 31. The Intergovernmental Panel on Climate Change( IPCC) is currently compiling a report on behalf of the UN and includes evidence from government officials, companies and scientis

Arab Spring, and oil prices have been affected reaching $140 for barrel, OPEC’s role in determining

AS gas prices rise in the United States, the White House has called for OPEC to increase oil

TOKYO: Oil prices stabilised on Tuesday after slumping around 7% in the previous session amid a broader market retreat led by concerns about a resurgence of COVID-19 infections, which came just as producers inked a new supply deal. Brent crude gained 38 cents, or 0.6%, to US$ 69.00 a barrel by 0058 GMT.... The U.S. crude contract for August delivery, which expires later on Tuesday, was up 49 cents, or 0.7%, at$ 66.91 a barrel.... U.S. crude for September delivery was up around 1% at$ 66.99 a b

.... Check out what's clicking on Foxnews. com. Angola announced Thursday that it's leaving the OPEC oil

DUBAI/ LONDON: OPEC+ expects the oil market to be in deficit at least until the end of 2021 and