Russia’s Top Oil Executive Says OPEC Was Astute…

[ad_1] (Bloomberg) -- Steps taken by the OPEC group to boost oil supplies have proved astute, given developments in the Middle East conflict, according to Rosneft PJSC Chief Executive Officer Igor Sechin.  “The decision by…

Oil Falls as OPEC Weighs Another Major Production…

[ad_1] (Bloomberg) -- Oil slumped as OPEC discussed making a second major production increase, inflaming concerns about swelling global supplies that have dragged down crude prices this year.  West Texas Intermediate futures fell almost 2%…

Crude oil logs weekly decline on OPEC+ supply,…

[ad_1] Oil prices edged higher on Friday but posted a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff talks between the U.S. and China.Brent crude futures settled 32 cents higher…

Iraq Plans Oil Export Cuts as OPEC Pushes…

[ad_1] (Bloomberg) -- Iraq plans to cut oil exports next month as OPEC presses members to adhere to production targets, according to an official with knowledge of the matter. The group’s second-largest producer aims to…

OPEC Struggles to Rein In Biggest Cheat Despite…

[ad_1] (Bloomberg) -- Saudi Arabia’s oil supply shock has set up a standoff with OPEC members who keep busting their quotas, but the biggest of the offenders has yet to flinch.  Kazakhstan — whose persistent…