OPEC

OPEC

Displaying 10 out of 142 results

  1. FILE PHOTO: An oil worker walks toward a drill rig in Loving County, Texas

    BofA hikes 2021 Brent price view by US$10/bbl on strong oil balances

    Bank of America (BofA) Global Research lifted its forecast for Brent crude oil prices for this year citing tighter supplies due to the Texas ...
  2. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County

    Oil prices climb on fears Texas freeze may hamper US crude output

    Oil prices rose as much as a dollar on Thursday, extending this week's gains and hitting 13-month highs, as a cold snap sweeping Texas and ...
  3. FILE PHOTO: A 3D printed oil pump jack in front of the OPEC logo

    Oil price rally points to more OPEC+ easing from April: Report

    OPEC+ oil producers are likely to ease curbs on supply after April given a recovery in prices, OPEC+ sources said, although any increase in output ...
  4. FILE PHOTO: A well head and drilling rig in the Yarakta oilfield in Russia

    Oil hits highest in a year on growth hopes, OPEC+ cuts

    Oil hit its highest in a year on Friday, closing in on US$60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC ...
  5. FILE PHOTO: A Marathon Oil well site is seen in the Eagle Ford Shale oil field in south Texas

    OPEC crude output cuts should help US shale profits in 2021

    A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have ...
  6. FILE PHOTO: A 3D printed oil pump jack in front of the OPEC logo in this illustration picture

    Saudi vows extra cuts as OPEC+ agrees small rise in oil output

    Saudi Arabia will make voluntary cuts to its oil output in February and March as part of a deal to persuade most OPEC+ producers to hold ...
  7. FILE PHOTO: A 3D-printed oil pump jack is placed on dollar banknotes in this illustration picture

    Oil's rally, fueled by vaccine progress, is running out of steam

    The oil market has rallied almost 40per cent in the last two months, pushing benchmarks to nine-month highs, in a euphoric response to progress on ...