This week, oil executives and officials from some of the world's largest oil producers, countries like Saudi Arabia and Nigeria are gathering in Vienna, where OPEC, the Organization of the Petroleum Exporting Countries, is headquartered. We are coming off the most volatile period for oil in the last couple of years after that 12-day war between Iran and Israel. Volatility.You saw a massive geopolitical premium get priced into the oil curve. And here we are. Pretty much all of that geopolitical premium was w ...

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower figure for the kingdom’s June output, sources say https://t.co/eHxmRITDj6 ...

Saudi Arabia's massive boost in oil production last month earned it a place on the list of OPEC+ cheaters, writes @JLeeEnergy https://t.co/hphQKf4oLo ...

IEA月报：为了满足北半球夏季旅行需求，原油开采的季节性变化正推动炼油厂的产量从五月到八月增 加了370万桶/日。 ...

Mr. . Bashir Ojulari thank you so much for taking the time to speak with Bloomberg Television. Of course, we're outside the OPEC seminar.It's been going on for a couple of days. I want to start off by asking you about the Opec+ Group eight decision to bring back extra barrels to the market over the weekend, a faster pace of putting back these barrels. Do you think that the timing was right to do this.Can the market handle it. Yes. Yes.I think, you know, the geopolitics of oil and gas, which you know very we ...

Well, the future of oil production is at a critical crossroads. As of now, trade tensions are adding another layer of uncertainty. OPEC's bi-annual seminar is underway in Vienna, Austria.And this comes a few days after a group of OPEC nations decided to raise production. Our Brian Sullivan is in Vienna for that meeting. Brian, yeah, I love the fact that Mike Wilson was just talking about how oil prices are down year-over-year.It's such an inflationary aspect. People say, "Well, why do you talk about it so m ...

OPEC+ has announced a surprise increase in oil production, which is expected to lead to a surplus later this year and put pressure on prices for producers https://t.co/eevy4cr2Or ...

What are you expecting to come out of this meeting. Is a production hike a done deal. You know, nothing is a done deal when it comes to Opec+ and they have the capacity to surprise the market.But what's widely expected and what my colleagues have reported is that we're seeing a 411,000 barrel a day increase over in the next month. Now, that is three times more than the plans at the moment. But they've done these kind of super sized increases over the last over the last three months.So this will be the fourt ...

OPEC+ is discussing another 411,000 barrel-a-day production increase for August ahead of the group’s video-conference this weekend https://t.co/8Q67jGBjhC ...

Mexican oil production is on track to plummet to levels last seen in the late 1970s before the start of the giant Cantarell field, posing a threat to US refiners at a time when they need oil from the country the most https://t.co/Ej4zhAPFyE ...