OPEC+ Extends Oil Output Cuts Into Q2 to Defend $80 Floor
Key Insights OPEC+ agreed to extend oil production cuts of 2.2 million bpd into Q2 2023 Move aims to defend…
Brent Crude Rises Over 2% on Escalating Mideast Instability
Key Insights Brent crude rose 2.3% to $79/barrel on Friday after US and UK strikes in Yemen, targeting Houthis for…
Oil Prices Seen Rising to $100 in 2024 on OPEC+ Supply Cuts
Key Insights OPEC+ nations pledge voluntary oil output cuts totaling 2.2M bpd, boosting prices despite messy rollout Saudi Arabia extending…
Saudi Aramco Reports 23% Drop in Q3 Profit Amid Oil Price Pressures
Key Insights Saudi Aramco reported a 23% drop in net profit for Q3 2023, citing lower crude oil prices and…
Saudi Arabia Extends Cuts in Oil Production to September
Key Insights Saudi Arabia has extended a voluntary cut in oil production by 1 million barrels per day to September.…