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Oil futures rebounded, and Capital Economics cut its year-end price forecast for Brent to $60 a barrel from $70, and for the end of 2026 to $50 from $60.
The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
If there is one thing that is almost certain in the current global crude oil market, it's that the stated reasons for the ...
Quota violations are common in Opec. Saudi leverage comes from spare capacity, used to discipline non-compliant members ...
Nigeria’s premium crude oil grades are trading above $65 per barrel as global oil prices hold steady despite OPEC agreeing to ...
Oil prices staged a robust comeback on Tuesday, clawing back ground lost after OPEC’s surprise weekend announcement to boost production quotas by more than expected.
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Axios on MSNWhat OPEC's big weekend says about TrumpSaudi Arabia and some other members see President Trump — for now — as more invested in lower prices than in what's ...
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