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The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...
If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...
Crude oil futures rebounded Tuesday in a move analysts saw as a technical rebound from the prior session's losses, likely with a significant amount of profit taking out of short holdings. Prices also ...
Oil prices staged a robust comeback on Tuesday, clawing back ground lost after OPEC’s surprise weekend announcement to boost ...
Quota violations are common in Opec. Saudi leverage comes from spare capacity, used to discipline non-compliant members ...
Nigeria’s premium crude oil grades are trading above $65 per barrel as global oil prices hold steady despite OPEC agreeing to ...
The outlook from Diamondback, one of the industry’s most prominent producers, marks a key shift for expectations within the ...
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