IEA warns OPEC+ cuts risk supply deficit as it predicts record oil demand April 15, 2023 Output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit, the International Energy Agency (IEA) said,
OPEC cites risks to summer oil outlook, holds demand forecast April 13, 2023 OPEC has flagged downside risks to summer oil demand as part of the backdrop to shock output cuts announced by OPEC+ producers.
North Sea energy giants told to ‘read the room’ on windfall tax demands April 12, 2023 Green groups have urged the government to maintain the toughened windfall tax amid pressure from the North Sea industry.
Oil prices propped up by OPEC+ supply cuts amid gloomy economic forecasts April 10, 2023 Oil prices have stabilised today after three straight weeks of gains, with further supply cuts from OPEC+ propping up both major benchmarks.
Saudi Arabia maintains crude supply to Asian refiners despite OPEC+ cuts April 10, 2023 State oil giant Saudi Aramco will supply full crude contract volumes loading in May to several North Asian buyers.
Could oil prices hit $100 per barrel again? We ask the experts April 4, 2023 City A.M. asks the experts if oil prices could hit $100 per barrel next year, as forecast by banking behemoth Goldman Sachs.
Oil prices surge after surprise OPEC+ output cuts shake stagnant markets April 3, 2023 Oil prices have surged in today trading after OPEC+, announced surprise heavy cuts to output yesterday.
OPEC surprises with further cuts to oil production amid demand fears April 2, 2023 Oil markets could enjoy robust trading tomorrow morning after OPEC announced surprise cuts to production today.
Oil sightings down 60 per cent after leak in Poole Harbour as clean-up plans launched March 27, 2023 Sightings of oil in Poole Harbour following a pipeline spill are down 60 per cent after a clean-up plan begins to protect nature reserves.
Oil prices slide after Fed hikes interest rates for the ninth time in a row March 23, 2023 Oil prices are dipping again this morning, after the Federal Reserve hiked interest rates a further 25 basis points today.