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U S Crude Production Growth Challenges OPEC+ Control Over Prices

OPEC+ extends oil production cuts until the end of 2025, aiming to stabilize crude prices and balance market demands in the face of U.S. crude production growth and weak demand concerns.

United statesSaudi arabiaAr riyaBhushan bahreeMinisterial monitoring committeeInternational monetary fundJoint ministerial monitoring committeeMiddle easternWest texas intermediateExecutive director

OPEC output surges 120,000 b/d in May despite quotas; Russia-led allies cut: Platts survey

OPEC output surges 120,000 b/d in May despite quotas; Russia-led allies cut: Platts survey
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Saudi arabiaSouth sudanAr riyaMinisterial monitoring committeeJoint ministerial monitoring committeeDated brent

Markets Have Overreacted to OPEC s Plan To Phase Out Production Cuts

Commodity analysts at Standard Chartered have pointed out that the price undershooting was the consequence of markets being dominated by a combination of extreme macroeconomic pessimism; speculative shorts and over-enthusiastic algorithmic trading

Research groupOil under pressure asMinisterial monitoring committeeStandard charteredBridgeton research groupRising crudeJoint ministerial monitoring committeeGas infrastructure europeTitle transfer facility

OPEC+ ministers to discuss situation in oil market

The meeting was postponed to June 2 with the change to the videoconference format

Ar riyaSaudi arabiaAlmassadam satkaliyevMinisterial monitoring committeeEnergy ministerKazakhstan almassadam satkaliyevJoint ministerial monitoring committee

Opec+ heads for supply cut rollover | Latest Market News

Opec+ ministers look increasingly likely to agree to extend the group's current crude oil supply cuts into the second half of the year when they meet virtually on 2 June. But as ever, when it comes to this iteration of Opec+, an added surprise should never be ruled out.

Saudi arabiaAydin calikBachar halabiNader itayimMinisterial monitoring committeeFederal reserveIce brentJoint ministerial monitoring committeeMiddle eastPrince abdulaziz

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