oil supply

Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in a bid to prop up prices, showing how two of the world’s largest oil producers are scrambling to boost income from the fossil fuel even as demand…

Last Updated: June 26, 2023, 06:18 ISTUnited States of America (USA)Goldman Sachs analysts said markets may price a moderately higher probability that domestic volatility in Russia leads to supply disruptions or has a sizable negative…

<!-- -->Saudi Aravian rejected accusations it was "taking sides" as Ukraine war rages on. (File)Washington: The United States and Saudi Arabia traded bitter barbs Thursday over last week's OPEC+ oil output cut, with Washington…

<!-- -->Oil prices dipped in and out of the negative territory on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a supply boost by the US.The…

<!-- -->Oil prices dive as US weighs massive reserves releaseOil prices fell sharply early on Thursday as the US administration considered releasing 1 million barrels of crude a day for several months from their Strategic Petroleum…

Geopolitical tensions have created fresh fears of oil supply disruptions, resulting in high crude prices. According to Goldman Sachs, crude prices are likely to breach the $100/bbl mark in the third quarter of 2022. This isn’t…

The ASX followed Wall Street and other markets downward as a heady brew of unsettling economic news weighed on investors.The Australian sharemarket fell heavily but not as hard as Wall Street, where a heady brew of economic factors weighed…