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Oil prices are crashing. Blame uncertain demand and booming US production.

Prices of U.S. and Brent crude oil fell Wednesday to $69 and $74 per barrel, respectively.U.S. crude exports are nearing a record 6...

Here’s why OPEC’s production cuts haven’t boosted the price of oil

Oil prices fell on Monday for the third consecutive session even as OPEC+ reduced production.The outlook for global oil demand has weakened and...

Oil Turns Lower as Market Fails to Shake Off Post OPEC+ Gloom

(Bloomberg) -- Oil fell -- after failing to hold an initial gain -- amid lingering skepticism that OPEC+'s latest supply cuts could reverse...

Oil climbs as Mideast tension back in focus

By Florence TanSINGAPORE (Reuters) - Oil futures rose on Monday as geopolitical tensions in the Middle East returned to focus, sparking concerns over...

Saudi Arabia could ‘flush’ the oil market with a flood of supply to regain control over prices in the face of rising US production,...

Saudi Arabia could “flood” the market with an influx of supplies that would drive down prices, an expert said.This comes as OPEC+ concluded...

OPEC+ Switches From ‘Saudi Lollipop’ To A Group Fudge Of Voluntary Output Cuts

As OPEC+, a select group of oil producers led by Russia, and the Saudi-led Organization of the Petroleum Exporting Countries (OPEC), gathered for...

OPEC plans no immediate action after Iran urges Israel oil embargo, sources say

Iranian Foreign Minister Hossein Amirabdollahian gestures during a discussion at the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May...

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