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OPEC+ Can t Cut Oil Output Enough to Push Prices Higher: Energy Expert

The US is producing way too much oil for OPEC to be able to push prices higher with any more production cuts.

Red seaDjibouti generalUnited statesQasem soleimaniJohn kilduffTerms of serviceAgain capitalTexas intermediateMiddle eastMi exclusiveOil marketOil outlookOpec productionOil production cutsCrude prices

Russia s Oil Flows Spiked to 5-Month-High Last Week Amid OPEC Output Cuts

Russian oil exports jumped over the last week. OPEC and its allies have been trying to curb output to get a handle on tumbling crude prices.

Saudi arabiaRapidan energyTerms of serviceMi exclusiveOil marketsOil market outlookRussia oilSaudi arabia oilOpec productionOpec production cutOil supplyOil pricesCrude pricesBrent oil priceWti oil price

Guyana Has Fastest Growing Offshore Oil Site in History of the World

Major international oil companies like Exxon Mobil and Chevron have increased their footprint in the region.

United statesRed seaDjibouti generalIsrael generalBab el mandebDan yerginIndian oceanExxon mobilTerms of serviceMiddle eastMi exclusiveOil marketsGlobal oil demandOpec productionUs crude oil

Here s How Much Oil the US Is Buying to Refill Emergency Reserves

The Energy Department issued a solicitation for 3 million barrels of oil for March 2024, as emergency stockpiles remain near 40-year lows.

United statesStrategic petroleumTerms of serviceDeputy energyEnergy departmentWest texas intermediateDeputy energy secretary david turkMi exclusiveStrategic petroleum reserveOil marketUs oil reservesEnergy securityOpec production

US Is Refilling the SPR As Fast As It Can, but There Are Physical Limits

"We are refilling as much as we can. We've been doing that for the last several months. And at this price level, we'll keep doing it."

Dan yerginEnergy information administrationTerms of serviceStrategic petroleumDeputy energyStrategic petroleum reserveEnergy secretary david turkMi exclusiveStrategic petroleum reserveEnergy departmentOpec productionSuadi arabia

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