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The Latest Breaking News from nonOPEC

OPEC's market power is 'less than you would imagine' and the US doesn't need to get fussed over the cartel, State Dept. official says

U.S. oil production is expected to climb to 13.5 million barrels a day in 2025 from 13.2 million in 2024.

Fortune

3 High-Yield Energy Stocks to Power Your Portfolio

Oil and gas prices are evolving rapidly with changing supply levels owing to geopolitical tensions, increasing M&A activities, and robust energy demand, creating tailwinds for the energy sector. Thus, energy stocks Cheniere Energy Partners (CQP), Enterprise Products Partners (EPD), and MPLX LP (MPLX), which are also high-yielding, could be ideal…

StockNews.com

‘Will you stop exploring yours?’: Latin America forges ahead on new oil frontier

About half the countries in the region are experiencing a rush in oil exploration that threatens the global drive to achieve net zero. But many argue that they have a right to enrich themselves in the same way the west has

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

OPEC Shifts To 'Call On OPEC+' In Oil Demand

OPEC's shift to 'call on OPEC+' reflects a collaborative approach with non-OPEC members like Russia and Mexico to address global oil demand challenges.

Top News

Moves for Investors Ahead of XOM and CVX Earnings Reports

Energy giants Chevron (CVX) and Exxon Mobil (XOM) are scheduled to release their fourth-quarter financials on February 2. We assess the two energy giants’ fundamentals to determine how investors should position themselves before their numbers are reported. Read on….

StockNews.com

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3 Buy-Rated Energy Gems Driving Profits

Despite the transition to cleaner energy sources, the demand for oil and gas is expected to remain steady, driven by the fast-rebounding Chinese economy, geopolitical conflicts, and the Fed’s expected interest rate cuts. Hence, it could be wise to buy fundamentally strong energy stocks Valero (VLO), NGL Energy (NGL), and…

StockNews.com

What causes high gas prices?

The price of crude oil is the single biggest contributor to the retail price of gasoline.

USAFacts

Is the U.S. Shale Industry Falling Off a Cliff?

The US shale industry is slowing dramatically. A survey by the Federal Reserve Bank of Dallas of 150 oil and gas firms in its region posted a score of zero for business activity growth in the second quarter.

Barchart

Is the US Shale Industry Falling Off a Cliff?

Barchart

OPEC+ pricing power is ‘higher than it’s ever been’ after oil cuts, Goldman Sachs says

Oil-producing allies approved another oil production cut that could deal damage to the West.

Fortune

OPEC+ Agrees to Boost Oil Output by 100,000 Barrels Per Day

OPEC+ is set to raise its oil output goal by 100,000 barrels starting September. OPEC and its allies had been increasing production by about 430,000-650,000 bpd a month. They had, however, struggled to meet full targets as most members have exhausted their output potential following years of under-investment in new…

Asharq Al-Awsat

OPEC Sees Slower 2023 Oil Demand Growth

OPEC expects global oil demand to rise in 2023 but at a slower pace than 2022, the producer group said in its first forecast for next year, citing still robust economic growth and progress in containing COVID-19 in China. In a monthly report on Tuesday, the Organization of the Petroleum…

Asharq Al-Awsat

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