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Saudi Arabia to Lose Top Spot in OPEC+
Finances

Saudi Arabia to Lose Top Spot in OPEC+

The kingdom is set to fall below Russia as the largest oil producer in the alliance as its production cuts begin to bite, tightening the

Oil rises on OPEC+ cuts, weaker dollar By Reuters
Finances

Oil rises on OPEC+ cuts, weaker dollar By Reuters

© Reuters. FILE PHOTO: A petrol station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. REUTERS/Max Rossi/File Photo By Arathy Somasekhar

Oil eases ahead of China, US data, but OPEC+ cuts limits slide By Reuters
Finances

Oil eases ahead of China, US data, but OPEC+ cuts limits slide By Reuters

© Reuters. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo By Florence

OPEC+ Cut Won't Throttle Chinese Oil Demand
Finances

OPEC+ Cut Won't Throttle Chinese Oil Demand

The U.S. is looking shaky, but the world’s largest energy consumer is still in the early stages of its post-Covid recovery. Source link

Freeport-McMoRan (FCX) Declares $0.08 Dividend
Stock Market

What OPEC Production Cuts Mean for Midstream

Investors may be wondering how the upcoming OPEC+ production cuts will affect the midstream space. Oil headlines over the past few days have been dominated

Nervousness over banks sends euro 1% lower despite PMI By Reuters
Finances

Markets exhale after OPEC+ shock; RBA hits pause By Reuters

© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 3, 2023. REUTERS/Staff By

BoE's Bailey urges firms to assume lower inflation when setting prices By Reuters
Finances

Asia stocks wobble as OPEC+ output cuts, weak US data raise uncertainty By Reuters

© Reuters. FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in

Oil jumps 5% on Kurdish exports halt, trimming looming Q1 loss
Finances

OPEC output cut sees counter surprise in weak U.S. manufacturing By Investing.com

© Reuters. By Barani Krishnan Investing.com — OPEC+ appears to have hit bull’s-eye with its to recapture $80 and above for a barrel. The oil

OPEC+ Oil Market Move Less Surprising Than It Seems
Finances

OPEC+ Oil Market Move Less Surprising Than It Seems

The latest output cut took the markets by surprise, but conditions might have justified it. Source link

Stock Investors Should Be Careful After OPEC+ Cuts
Stock Market

Stock Investors Should Be Careful After OPEC+ Cuts

To put it mildly, traders are pretty optimistic right now. The S&P 500 has rallied again over the last couple of weeks, with the broad