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Russia s Seaborne Crude Flows Slump To The Lowest Since January

Four-week average shipments dropped below 3 million barrels a day.

Kyonggi doSouth koreaAs suwaysDe kastriKhabarovskiy krayBlack seaOceans generalKrasnodarskiy kraySuez canalSaudi arabiaSouth koreanShturman koshelevGazprom neftVladimir putinSherry suAtlantic ocean

Oil Surges After Saudis Pledge Million-Barrel Cut at OPEC+ Meet

Oil advanced at the week’s open after Saudi Arabia said it will make an extra 1 million barrel-a-day supply cut in July, taking its production to the lowest level for several years following a slide in prices.

United arab emiratesUnited statesNew yorkSaudi arabiaDaniel hynesBrian martinBloomberg oilGoldman sachs group incGroup holdings ltdTexas intermediateMinister prince abdulazizGoldman sachs groupPrince abdulaziz

Oil Erases All Gains Since Surprise OPEC+ Cut on Demand Woes

Oil steadied after a two-day decline of almost 6% as concerns about slowing demand continued to hang over the market.

United statesVivek dharCommonwealth bankEnergy dailyBloomberg oilTexas intermediate

Oil Slides Lower as Supply-Cut Led Price Rally Continues to Fade

Oil was little changed as the bullish impetus from OPEC+ production cuts faded against a backdrop of weaker-than-expected demand.

United statesJake lloyd smithOle hansenEnergy dailySaxo bankas wereBloomberg oilFederal reserveTexas intermediateSaxo bank

Oil Steadies After Rally as Market Counts Down to OPEC+ Meeting

Oil steadied after the biggest one-day gain since May as the market looked to OPEC+ to deliver on expectations for a major cut in supply.

United statesJoe bidenGoldman sachs group incOrganization of petroleum exporting countriesBloomberg oilFederal reserveTexas intermediatePetroleum exporting countriesSachs group

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