OPEC has a history of under-estimating U.S. output gains going back to the start of the shale oil boom, which has seen the United States become the world's top oil producer. The United States now ...

More U.S. oil supply could further erode OPEC+’s market share and weigh down on oil prices, which the OPEC cartel and its allies are desperately trying to support with production cuts.

U.S. President Donald Trump speaks with Saudi Arabia’s Crown Prince Mohammed bin Salman at the G20 leaders summit in Osaka, Japan, June 28, 2019. REUTERS/Kevin Lamarque A horizontal bar chart showing ...

OPEC's extended production cuts and reduced non-OPEC growth will create a reliance on OPEC barrels, giving them leverage to set higher oil prices. Despite current low WTI prices, we anticipate a ...

Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the ...

OPEC's latest oil market signals continued challenges for the global energy landscape. For the fifth consecutive month, the cartel has cut its global oil demand growth forecast for 2024, now ...

In the case of oil, the answer in 1960 was the formation of a producer’s cartel: the Organization of the Petroleum Exporting Countries (Opec). Solar power, which is going through its own growing ...

OPEC's position in the oil market is slipping, and next year's massive supply glut will likely further loosen the cartel's grip. According to the International Energy Agency, OPEC+ faces a sizable ...