the Organization of the Petroleum Exporting Countries (OPEC) announced today that it has received official plans from eight member states outlining mechanisms to offset oil production that exceeded agreed quotas…
The OPEC Plus group, which includes Saudi Arabia and Russia, has announced the extension of oil production cuts until the end of December, hindering the possibility of price declines. This…
Crude prices fell after weak economic data from the United States and China dampened demand expectations and negative signals dominated global markets. Crude oil prices fell for the second consecutive…