
OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary general said on Sunday, a day before meeting allies led...
Most OPEC+ oil-producing countries oppose plans to increase output from February as winter lockdowns to contain the coronavirus choke demand, four OPEC+ sources told Reuters on Monday....
Oil prices were little changed in choppy trade on Monday as persistent oversupply in the market largely offset hopes that a rollout of coronavirus vaccines will lift...
The OPEC Reference Basket (ORB) rose by $2.53, or 6.3%, month-on-month (m-o-m), to stand at $42.61/b in November. Year-to-date (y-t-d), the ORB has averaged $40.75/b, down by...
Due to the coronavirus shock to the global economy, the world’s oil demand is expected to drop by 9.1 million barrels per day (bpd) in 2020 –...
The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad...
2020 hasn’t been kind to the energy sector, and a growing wave of energy bankruptcies has started to build. After a difficult year marred by rising geopolitical...