Record OPEC+ fuel exports blunt group's crude supply cut
OPEC+ has exported a record amount of refined products, blunting the impact of the group's crude output curbs, as members including Saudi Arabia, seek to boost their revenues and market share, according to industry data and analysts.
Crude Oil Price Outlook – Crude Continues to Look at Support
The crude oil markets continue to see a lot of action at a massive support level, but at this point in time, we don't see the necessary momentum to get the market rallying significantly.
Oil News: Crude Prices Stagnate as Economic Fears Counter Supply Tightness
Crude oil prices hold steady as supply tightness supports the market, but economic fears and trade risks keep upside momentum in check.
Natural Gas and Oil Forecast: Will Supply Cuts Push Prices Higher This Week?
Oil prices face resistance as OPEC+ struggles with supply cuts. Will demand hold steady, or is a downturn ahead?
Oil, Natural Gas, US Dollar Technical Analysis: Key Levels, Market Trends, and Price Outlook
WTI crude oil consolidates near the long-term support zone, while natural gas pulls back after testing strong resistance at $5.
Trump tariff threats are pushing Canada's largest oil producer to break its dependence on the U.S.
Alberta Premier Danielle Smith said her province wants to support President Donald Trump's energy agenda and help the U.S. win the AI with China. But Smith warned Alberta is looking for customers beyond the U.S. in Asia and Europe as Trump's tariff threats create uncertainty.
OPEC Maintains Oil-Demand Growth Forecasts Amid Tariff Uncertainty
The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and overall economic growth over the next two years.
U.S. Crude Oil Stockpiles Rise For Second Straight Week
U.S. crude oil inventories increased by 1.4 million barrels, with an increase in production and net imports, while gasoline stocks fell more than expected as demand picked up.
Kazakhstan was the main laggard in OPEC+ oil pact in February, OPEC data shows
Kazakhstan contributed more than a half of overall OPEC+ oil production rise in February, lagging behind its pledges to reduce production, OPEC data showed on Wednesday.
Crude Oil Price Forecast – Crude Oil Building a Base?
The crude oil market looks as if we are trying to build a bit of a base in this region, as the global demand question continues to be a major factor here. Because of this, the markets are likely to be focused on short-term moves in both grades of oil.
Oil prices buoyed by weaker U.S. dollar
Oil futures rose Wednesday, finding support from a weaker U.S. dollar as investors navigate intensifying trade tensions and worries about global economic growth.
Oil News: Prices Steady as Traders Weigh Demand Strength Against Supply Risks
Oil prices hold steady as traders assess strong demand against rising U.S. production and OPEC+ supply risks. Will the market break higher?
