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OPEC+ production hikes could shake up oil prices
Downward pressure on oil prices may lead to relief at the pump this summer. A headline in the New York Times this weekend declared that U.S. energy companies are “battening down the hatches.” Major oil companies are apparently eyeing spending cuts, shutting down rigs and trimming their workforces.
Oil prices continued their sharp rise due to escalating geopolitical tensions, stalled Iran nuclear talks, wildfire-related ...
Big moves, though not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. After all, ...
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...
RIYADH: When Prince Abdulaziz bin Salman was appointed Saudi Arabia's Energy Minister six years ago, he vowed to heed even ...
Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...
U.S. companies are facing economic headwinds that are reducing incentive to continue high production levels of oil.
OPEC+, the influential alliance of oil-producing nations led by Saudi Arabia and Russia, has confirmed plans to increase oil ...
Kazakhstan has informed OPEC that it does not intend to reduce its oil production, Russia's Interfax news agency cited ...
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