Tag: OPEC+

Elite leaders in the global oil market are set to convene at the Asia Pacific Petroleum Conference in Singapore on Monday. The conference, organized by S&P Global Commodity Insights, is aimed at discussing the current market climate. Among the speakers are Black Gold Investors...

Oil retreated on Wednesday following a 2% rise the previous day after Saudi Arabia and Russia announced production cuts. Investors are now looking to the 8th OPEC International Seminar in Vienna Wednesday for an indication of whether other members of the cartel will follow...

Oil prices rose on Monday following output announcements from OPEC+ members Saudi Arabia and Russia. The Saudis will extend their oil production cut by another month, while Russia announced that it will reduce its exports. Saudi Arabia's production will remain one million barrels per day...

Oil edged lower on Tuesday as buyers express anxiety over the possibility that a stimulus package aimed at aiding China's flailing economy may fall short of expectations. West Texas Intermediate set for August delivery fell to approximately $71 per barrel, while global benchmark Brent declined...

The OPEC+ alliance led by Saudi Arabia and Russia is debating a fresh oil supply cut to the global economy as prices begin to slump. The group is set to discuss the proposal at the OPEC headquarters in Vienna, Austria on Sunday. Saudi Arabia, a leader...

Oil prices rose for a third consecutive day on Wednesday after Saudi Arabia submitted a warning to traders thinking of short selling. The Saudis' warning has given rise to expectations that OPEC+ could look to further reduce oil output in an effort to continue...