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OPEC sends oil prices reeling, but what’s good for Texas drivers may not be for drillers
On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...
Oil Prices Slide Further on OPEC Plans to Increase Supply
U.S. oil prices fell to around $56 a barrel after the OPEC Plus cartel said it would bring more oil to market.
OPEC+'s 'healthy' crude oil market looks like catching a cold: Russell
If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...
Oil Prices Drop as OPEC+ Agrees To Boost Supply Again
Oil prices dropped Monday, as the Organization of the Petroleum Exporting Countries and its allies agreed to boost output ...
OPEC+ Production Decision Will Widen Global Oil Oversupply, Morgan Stanley Says -- OPIS
Morgan Stanley analysts on Sunday said Saturday's announcement by OPEC+ that it will increase June output by 411,000 b/d for a second straight month will widen the supply surplus this year and next, ...
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Trump: Low Oil Prices Put U.S. In Good Negotiating Position With Russia
US President Donald Trump may have just said the quiet part out loud, answering analyst questions about the motivation behind ...
Oil Price Drop Could Soften Tariff Hit. Recession Is Still a Risk.
Oil prices are falling further as OPEC and its allies plan to ramp up production. That could be a bonus for the U.S. consumer as recession risks still lurk. Oil prices are sitting at around $60 a ...
Why Frontline Stock Popped, but Exxon and ConocoPhillips Dropped
There's one great reason why Frontline is outperforming Exxon and Conoco stocks today. Uh-oh. OPEC is up to something, and it ...