News

Saudi Arabia Deals a Blow to Russian Economy
The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
OPEC sends oil prices reeling, but what’s good for Texas drivers may not be for drillers
On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...
Gas expert provides optimism regarding future Pittsburgh area gas prices
A gas expert is providing optimism for the Pittsburgh area regarding the future of gas prices. Prices have dropped below $3 a ...
OPEC+'s 'healthy' crude oil market looks like catching a cold: Russell
If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...
Oil sinks 4% after OPEC output increase
Crude oil futures tumbled at the open Sunday after OPEC decided to boost output. WTI crde (CL1:COM) -3.8% and Brent (CO1:COM) ...
BS EDIT: Opec's output boost aims to enforce order—but at what price?
Quota violations are common in Opec. Saudi leverage comes from spare capacity, used to discipline non-compliant members ...
ING revises oil price forecast downward due to higher OPEC output
OPEC+'s decision to aggressively increase oil supply will result in an earlier and sustained market surplus throughout 2025.
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Iraq’s Oil Exports to India Topped $29 Billion in 2024
Iraq exported crude oil and petroleum products worth $29.58 billion to India, maintaining a significant market share despite ...
Axios on MSN1d
What OPEC's big weekend says about Trump
Saudi Arabia and some other members see President Trump — for now — as more invested in lower prices than in what's ...