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OPEC+ can’t cut oil production enough to push crude prices higher, energy expert says

OPEC+ cannot cut oil production enough to push prices higher than they are now.According to one expert, this is because the United States...

More OPEC cuts, a US production boom, and a market share war: Here’s what oil markets are anticipating in 2024

The oil market could see big changes by 2024, analysts warn.Experts believe the U.S. shale drilling boom will continue, increasing global oil supplies.But...

The US is producing more oil right now ‘than any country in history,’ S&P Global says

The United States is now the largest oil producer in history, according to S&P Global Commodities Insight.Crude and condensate production reached a new...

US frackers return to haunt OPECโ€™s pricing strategy

(Bloomberg) -- OPECโ€™s old foe โ€” U.S. shale โ€” is rearing its head just months after the sector was all but deemed a...

Oil prices could crash 50% if OPEC+ lets output rise and doesn’t extend cuts through 2024, Citi commodities research chief says

OPEC+ will need to maintain its oil production cuts in 2024, Citigroup's Max Layton told Bloomberg TV.Abandoning this policy could cause oil prices...

OPEC and Saudi Arabia are losing their grip on the oil market as prices see the longest fall in 5 years

OPEC and Saudi Arabia are losing control of the global oil market.This is due to the surge in US supply, which helped offset...

Putin and Saudis plead with Opec allies to press ahead with oil supply cuts

Vladimir Putin and the Saudi leader urged members of the OPEC+ oil cartel to follow through on a deal. reduce supplies as oil...

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