The crude oil futures market has entered one of its most complex periods in years. Traders are navigating a collision of geopolitical instability, uncertain demand growth, OPEC production strategy, ...
Welcome to our guide to the commodities driving the global economy. Today, senior oil reporter Kevin Crowley reflects on the UAE’s shock decision to leave OPEC and explores what it may mean for rival ...
The internet is filled with claims that oil is undervalued compared to, for example, gold prices, the stock market, historical levels and so forth, even as the President calls for prices to fall ...
Energy investors have spent years watching OPEC and OPEC+ act like the market’s unofficial thermostat—cutting production when crude prices fell too far and opening the taps when prices overheated.
The United Arab Emirates (UAE) shocked the world on Tuesday when it announced that it’d be leaving the world’s largest oil cartel this week. While there’s no immediate impact for the U.S., in the long ...
Five years ago on New Year’s Eve, the Theo T left the Texas Gulf Coast with the first U.S. shale crude shipment overseas. The oil, gathered from nearby ConocoPhillips wells and sold to trading giant ...
The National Interest on MSNOpinion
OPEC is no longer relevant in a changing energy world
OPEC's influence over global oil prices has eroded as non-OPEC production, geopolitical disruptions, and China's demand ...
OPEC maintained its forecast for robust global oil demand growth in the next four years on Thursday and nudged up its longer ...
Oil investors woke up to a very different market this morning. The UAE -- OPEC's fourth largest producer -- officially exited OPEC+ after months of tension over production quotas and market strategy.
OPEC+ is expected to maintain its pause on production cut rollbacks at this weekend’s meeting. Analysts warn it won’t be enough to prevent a growing global oil glut. Market oversupply fears are rising ...
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