The Latest Breaking News from OPEC

Kuwait named the prime minister’s fourth government in eight months, as the oil-rich OPEC member faces little let-up from political uncertainty and economic malaise.

Opec+ defends its surprise supply cut as being aimed at oil market "stability." One can only imagine the glum faces as they realised they had instead teed-up an 8% price spike. Oh well, at least the extra money will offer some small consolation.

High demand, supply cuts, and the reopening of the Chinese economy is expected to boost the energy sector’s growth this year. Industry tailwinds are favoring Parex Resources (PARXF), helping it surge over the past few months. It is currently trading above its 50-day and 200-day moving averages. Hence, this top…

Analysts on Wall Street are becoming far more bullish on oil prices, after OPEC+ announced voluntary output cuts totaling 1

Australian motorists are being advised to fill-up their tanks outside major capitals as petrol prices rise ahead of the Easter long weekend.

May WTI crude oil (CLK23 ) on Tuesday closed up +0.29 (+0.36%), and May RBOB gasoline (RBJ23 ) closed down -2.04 (-0.74%). Crude oil and gasoline prices Tuesday settled mixed with crude posting a 2-1/4 month high. Crude prices have carryover support from Sunday when OPEC+ unexpectedly announced a -1.0...

Hydrocarbon specialist Vaalco Energy represents an under-the-radar opportunity, especially as surprise oil production cuts bolster EGY stock.

Oil and economic experts confirmed that the voluntary oil production cuts taken by oil-exporting countries within OPEC+, starting May and continuing until the end of 2023, aim to achieve market balance. Mubarak Alhajeri, a faculty member at Kuwait's College of Technological Studies, explained that the cut had shocked global markets…

OPEC+ announced they would cut oil output by 1.16 million bpd. Here's how to potentially profit from it.