-
Wall Street Forecasts Oil in the $50s Next Year
31 Aug 2025 23:09 GMT
… up in output.
Efficiency gains are also pushing back production declines, but … likely curb drilling activity and cut capital budgets even more.
The … .
Due to the OPEC+ supply hikes, global oil inventory builds will average …
-
Gulf States Economic Outlook Brightens Post-OPEC Production Cuts
29 Aug 2025 08:50 GMT
… and Qatar emerge from OPEC production cuts. The World Bank estimates … reduction of OPEC production limits, while non-oil GDP will … enhancements in its non-oil sectors. Recent governance … enhancing its resilience against oil market fluctuations. Economists …
-
Expect crude oil to hover around $65/barrel: ONGC chairman at 32nd AGM
30 Aug 2025 15:31 GMT
… with factors such as increased production by top producers, slowing … OPEC+ raising its output in sharp contrast to its voluntary cuts initiated … a rise in crude oil production on account of the … terms of standalone crude oil production, closing FY25 with an …
-
BIMCO Tanker Market Report: OPEC+ ramps up oil supply while demand growth slows
29 Aug 2025 05:57 GMT
… BIMCO.
Due to OPEC+’s recent decision to reverse oil production cuts, the International … Energy Agency (IEA) has increased its crude oil … result of increased OPEC+ production, the IEA expects an oil surplus averaging 2 …
-
Russian oil giant's net profit drops by 68% – Reuters
30 Aug 2025 13:45 GMT
… due to low oil prices caused by increased production by Saudi … OPEC. He has argued that the group's cuts have spurred production … the world's leading oil producer in recent years.
… been cutting production for several years to support oil prices.
The …
-
Oil glut, strong ruble and sanctions wipe billions off Russia’s oil giants
30 Aug 2025 11:42 GMT
… due to the overproduction of oil,” Rosneft Chief Executive Officer … lower global crude prices hit oil majors worldwide. Prices have … of a glut, with OPEC+ returning curtailed supply faster … barrel of oil sold.
Although the central bank cut borrowing costs …
-
Russian Oil Majors Report Income Dip on Weak Price, Strong Ruble
30 Aug 2025 10:44 GMT
… third of Russia’s total oil production, reported 245 billion rubles ($3 … fears of a global glut. OPEC is returning curtailed supply to … the war in Ukraine to cut the Kremlin’s access to … July, the pace of the cuts is “clearly insufficient,” Sechin said …
-
India Hits Back at Navarro's Claims, Lists How Russian Oil Imports Helped the West
30 Aug 2025 09:24 GMT
… process and resell cut-rate Russian oil on the international … imports at a time when OPEC+ cut output sharply, India helped prevent … military technology and set up production in India, behavior he … acted responsibly by keeping oil markets stable within global …
-
Oil Set For Another Weekly Gain
30 Aug 2025 07:20 GMT
… much-needed boost to oil trade as OPEC+ countries meet on … current market conditions and their output cuts.
Europe Wants Its Own … Arabia is expected to cut Asia-bound October formula … industry consultations to limit steel production between 2025 and 2026, …
-
Increased Opec production cause for optimism says Hafnia
27 Aug 2025 17:57 GMT
… .
Chief executive Mikael Skov said Opec production cuts boosted refinery throughput, generating positive …