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The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...
OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of ...
OPEC+ is accelerating its oil production increases, aiming to fully unwind its 2023 supply cuts by September, risking an ...
OPEC+ jolted markets by announcing it would flood the market with more oil.
TEHRAN - Iran has become the second-largest oil refiner among OPEC member states, with a daily refining capacity of 2.237 million barrels — accounting for 16 percent of OPEC’s total and 2.1 percent of ...
NEW YORK] The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners ...
The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...
OPEC was formed by five petroleum-rich countries in 1960. At the time, the global oil market was dominated by a group of multinational, Anglo-American companies known as the “Seven Sisters.” ...
In a shocking move that’s rattling global oil markets, OPEC has delivered a powerful blow to the U.S. energy ...