Russia Oil Price Cap Will Not be Replicated Against OPEC ProducersBecky CarterOctober 19, 2022New steps from Group of Seven countries to cap Russian oil sales at an enforced low price will not be ... Read More
Oil Markets Are Going Through ‘Great Fluctuations’Becky CarterOctober 16, 2022OPEC Secretary General Haitham al-Ghais said on Sunday that “oil markets are going through a stage of great fluctuations,” during ... Read More
Middle East and North African GDP to Grow by 5 percent this YearBecky CarterOctober 15, 2022The International Monetary Fund projects Middle East and North African GDP will grow by 5 percent this year, up from 4.1 percent ... Read More
Saudi Arabia Warns of OPEC+ Output CutsBecky CarterAugust 24, 2022The two major oil benchmarks are bullish at the start of the London session on the 23rd of August, as ... Read More
Lower Oil Prices Driven by Fear, Optimistic on 2023 OutlookBecky CarterAugust 21, 2022A recent oil-price slide reflects fears of economic slowdown and masks physical market fundamentals, OPEC’s new secretary general told Reuters, ... Read More
OPEC+ Set to Approve Oil Output RiseBecky CarterAugust 6, 2022OPEC+ is set to raise oil output by a tiny 100,000 barrels per day after weeks of speculation following US ... Read More
OPEC Oil Output Rises in JulyBecky CarterAugust 2, 2022OPEC pumped an extra 310,000 barrels of oil per day in July as rising supply from the Gulf offset outages ... Read More
OPEC Expects Global Oil Demand Growth to Exceed the Increase in SuppliesBecky CarterJuly 13, 2022OPEC’s first oil-market outlook for 2023 suggests no relief for squeezed consumers, with more crude needed from the group even ... Read More
Oil Prices Down on Recession FearsBecky CarterJuly 2, 2022Oil prices fell on Friday, extending the previous day’s plunge, as lingering fears of a recession weighed on sentiment, putting ... Read More
OPEC+ Increases Oil ProductionBecky CarterJune 3, 2022The prices of the black liquid are down at the start of the London session on Friday as the market ... Read More