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OPEC+ agrees to another supply surge in June to deepen oil rout
Economy
OPEC+ agrees to another supply surge in June to deepen oil rout
By Grant Smith, Salma El Wardany, Nayla Razzouk and BloombergMay 3, 2025
Exxon Mobil chairman and CEO Darren Woods talks while seated at a conference.
Investing
Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices
By Jordan BlumMay 2, 2025
In the reeling energy sector, an unexpected OPEC production hike plus tariff fears send oil prices plunging 7%
Politics
In the reeling energy sector, an unexpected OPEC production hike plus tariff fears send oil prices plunging 7%
By Jordan BlumApril 3, 2025
Trump says ‘the Russia-Ukraine war would end immediately’ if Saudi Arabia and OPEC lowered the price of oil
Politics
Trump says ‘the Russia-Ukraine war would end immediately’ if Saudi Arabia and OPEC lowered the price of oil
By Alena BotrosJanuary 23, 2025
OPEC’s market power is ‘less than you would imagine’ and the US doesn’t need to get fussed over the cartel, State Dept. official says
Finance
OPEC’s market power is ‘less than you would imagine’ and the US doesn’t need to get fussed over the cartel, State Dept. official says
By Jason MaDecember 7, 2024
OPEC's headquarters
Finance
OPEC+ delays supply restart again as crude prices struggle
By Grant Smith, Salma El Wardany and BloombergNovember 3, 2024
drilling rig
Finance
Big Oil dials up output growth just as OPEC mulls supply boost
By Kevin Crowley and BloombergNovember 2, 2024
Russian President Vladimir Putin grimaces during a bilateral meeting at the Grand Kremlin Palace while the Summit of the Commonwealth of Independent States (CIS), October 8, 2024, in Moscow, Russia.
Finance
Saudi Arabia has a big plan for oil that could hammer Russia’s war machine, economists warn
By Ryan HoggOctober 14, 2024
oil rigs pumping
Finance
Oil is headed for a steeper dive, and OPEC+ won’t be able to stop it
By Grant Smith and BloombergSeptember 6, 2024
Iranian leader Ali Khamenei
Finance
Oil price surges after assassination of Hamas leader in Iran, sparking new fear of war and inflation
By Christiaan HetznerJuly 31, 2024
FTC Chair Lina Khan
Leadership
The FTC is looking for a ‘smoking gun’ as it investigates whether U.S. oil giants colluded with OPEC
By Mitchell Ferman, Leah Nylen, Jennifer A. Dlouhy and BloombergJuly 19, 2024
person holding a bottle of crude oil
Finance
We’ll soon live in a world with a ‘staggering’ excess of oil that we can’t fully use, global energy watchdog IEA warns
By Prarthana PrakashJune 13, 2024
pump jack and oil barrels
Finance
OPEC+ extends oil production cuts through all of 2025 to help prop up weaker crude prices
By David McHugh and The Associated PressJune 2, 2024
Scott Sheffield
Finance
FTC rocks oil industry with claim that Texas executive was colluding with OPEC to fix prices
By Kevin Crowley, Leah Nylen and BloombergMay 2, 2024
The Fed may be aiming the U.S. for a soft landing and no recession but slumping oil demand growth shows Europe is facing a big slowdown
Finance
The Fed may be aiming the U.S. for a soft landing and no recession but slumping oil demand growth shows Europe is facing a big slowdown
By Grant Smith and BloombergDecember 14, 2023
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