Oil prices are rising, even as production ramps up. Gold, on the other hand, is cooling off - not because of collapsing fundamentals, but thanks to a surprising wave of optimism. It’s the kind of ...

[LONDON] Opec on Wednesday (May 14) trimmed its forecast for growth in oil supply from the United States and other producers outside the wider Opec+ group this year and said it expected lower capital ...

OPEC+ producers Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman have decided to begin raising production in April, for the first time since 2022. The figures in OPEC’s ...

The heavily indebted carmaker, whose mooted merger with Honda collapsed this year, is slashing production as part of its expensive business turnaround plan. "Nissan must prioritize self-improvement ...

Since he returned to the Oval Office the benchmark West Texas Intermediate oil price has fallen from $80 a barrel to $60 (see chart 1 ... by the OPEC cartel to boost production, which it made ...

OPEC+ cuts and sanctions support oil prices despite U.S. production growth. Natural gas holds above $3.634 as technical levels signal potential breakout. WTI tests $59.86 pivot with resistance at ...

With television production in Los Angeles down 58% from its 2021 peak, state legislators are working with Gov. Gavin Newsom on plans to raise the cap of the California Film and Television Tax ...

The two major South Korean DRAM manufacturers are each preparing to discontinue their older DDR4 production lines. Following Samsung Electronics' early April announcement of its end-of-life (EOL ...

Wilks discussed tariff-related economic uncertainties and OPEC's increased oil production, noting varied customer responses and potential impacts on drilling and completion activities. The company ...

"Oil production costs in the U.S. are significantly higher than in Russia or OPEC. This means that, if global oil prices fall below $50, large part of the U.S. oil production will be wiped off the ...

non-OPEC production, most likely short-cycle U.S. shale output slows, or OPEC returns to supply restraints.

The incremental production in June will be delivered by the “eight participating countries,” which include Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman, Opec said.