OPEC+

The West Texas Intermediate (WTI) oil was trading around $70 a barrel on Thursday, rebounding from two-month lows of near $65 earlier in the week, as risk appetite improved despite an unexpected increase in US crude stock. The…

Oil prices increased on Tuesday after plunging more than 8% in the prior session as OPEC+ agreed to raise output and as the Delta variant of COVID-19 clouded the outlook on fuel demand recovery. After an initial setback and…

Brent Crude futures were slightly lower at $75.7 per barrel on Friday, still remaining close to their highest level since October, 1981. OPEC+ Ministers postponed  Thursday's ministerial meeting as the…

The OPEC group of oil-producing countries and its allies are set to boost production further as they meet Tuesday, following the recovery from low demand occassioned by the Covid-19 pandemic. The OPEC+ alliance, consisting of 23…

Brent crude futures fell to below $64 a barrel on Monday, following a 3.3% gain in the previous session, after OPEC+ decision to gradually ease production cuts from May to July, and as coronavirus infections continue to rise, raising…

Brent crude futures rallied as much as 2% to $64.2 per barrel on Thursday, before cutting some gains to trade around $63.7, as traders look forward to today's OPEC+ meeting, which is expected to offer guidance into the bloc's production…

The Organization of the Petroleum Exporting Countries (OPEC) has projected global oil demand to increase by 5.9million barrels per day (mb/d) year-on-year  in 2021. https://twitter.com/OPECSecretariat/status/1370393648735600642…

Oil’s surge following OPEC+’s surprise move to maintain cuts in supply shows the producers’ group is in charge of the market, Vitol Group said. The Organization of Petroleum Exporting Countries and its allies shocked the market…

Saudi Arabia and Russia are once again heading into an OPEC+ meeting come March 4 on opposite sides of a crucial debate about the oil market. Riyadh is publicly urging fellow members to be “extremely cautious,” despite prices…