OPEC

OPEC+ mulls production boost ahead of Russian oil curbs

OPEC+ mulls production boost ahead of Russian oil curbs

Former acting Chairman of the Council of Economic Advisers Tyler Goodspeed and economist Tomas Philipson discuss President Biden’s attack on U.S. oil and gas on “Kudlow: Live.” Saudi Arabia and other OPEC oil producers are discussing a production boost, group delegates said, a move that could help bridge a rift with the Biden administration and …

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Oil rebounds to 10-month low after Saudi Arabia denies OPEC supply boost report

Oil rebounds to 10-month low after Saudi Arabia denies OPEC supply boost report

Oil prices rebounded from a 10-month low on Monday after Saudi Arabia “categorically” denied a report that OPEC was considering a production boost that would help counter the loss of Russian supplies. Brent crude, the international benchmark, fell 6% to $82.79 a barrel, before narrowing its slide to 2%, to trade at $85.95. West Texas …

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The oil market faces "considerable uncertainties", warns OPEC

The oil market faces “considerable uncertainties”, warns OPEC

US Oil & Gas Association President Tim Stewart explains how Biden can stabilize the “volatile global oil market” on “Cavuto: Coast to Coast.” OPEC left its forecast for global oil supply and demand largely unchanged on Monday as it warned that major unknowns such as China’s Covid-19 cases and the impact of Western efforts to …

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Growing anti-OPEC movement is disastrous for oil markets | OilPrice.com

Earlier this year, Mario Draghi, then Italian Prime Minister, floated the idea of ​​big oil buyers banding together and standing up to OPEC+. The idea did not progress much beyond the floating stage because one obvious problem could not be ignored: OPEC would retaliate. Yet it seems that some ideas tend to be so appealing …

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