Organization of the Petroleum Exporting Countries

Canary LLC Chief Executive Officer Dan Eberhart has reportedly criticized President Joe Biden's administration for its failure to replenish the Strategic Petroleum Reserve, or SPR, at a time when oil prices were low. What Happened: “The train has left the station with the Saudis and OPEC...

Members of the Organization of the Petroleum Exporting Countries and other oil producers are set to meet this Thursday to discuss extending output cuts. The current cuts, an output reduction of 1.8 million barrels per day for six months, were decided in November and implemented on January 1. The...

Brent crude oil made its way toward $110 on Monday morning, trading at $109.85 at 6:30 GMT. The commodity was buoyed by expectations of improving global demand following the release of encouraging Chinese data. Factory activity in China expanded at its fastest pace in five months in May,...

After its largest drop in nearly a month, Brent crude oil regained some ground on Thursday morning as it climbed toward $103. The commodity traded at $102.26 at 7:32 GMT on Thursday as a weakening dollar helped buoy prices. Brent slid significantly after a report from the American Petroleum...