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Alex Lawler

FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo
BusinessFuelNewsOilTrade

Oil trades in narrow range on OPEC+, sanctions and demand worries

Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor...

FILE PHOTO: Trafigura logo is seen in this illustration taken, April 23, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceFuelNewsOil

Trafigura, Gunvor demand sparks jump in Brent oil benchmark

Trading houses Trafigura and Gunvor bought nine cargoes of crude that underpin the international Brent oil benchmark in the last week

FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
News

OPEC+ agrees extension of production cuts, sources say

OPEC+ poised to argue for deeper oil output cuts in 2024 and 2025.

FILE PHOTO: The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria April 9, 2020.  REUTERS/Leonhard Foeger/File Photo
BusinessNewsOil

OPEC sticks to oil demand view, sees potential economic upside

Monthly report announces that world oil demand will rise by 2.25 million barrels per day in 2024, figures unchanged from last month.

FILE PHOTO: The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria April 9, 2020.  REUTERS/Leonhard Foeger/File Photo
BusinessNewsOilTrade

OPEC switches to ‘call on OPEC+’ in global oil demand outlook, sources say

From this month, OPEC will reportedly only give estimate of demand for crude from the wider OPEC+ group as it is 'more relevant'.

FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
BusinessNewsOil

OPEC+ could extend oil cuts, formal talks yet to start, sources say

OPEC+ has implemented a series of output cuts since late 2022, which could continue if demand fails to pick up.

NewsOil

Oil seen opening up after Iran’s attack on Israel

Concern over military action sent oil prices up but further gains may depend on response from Israel and the West.

FuelNewsOil

Oil prices head back up on Middle East jitters

Crude futures up amid concern that Iran, the third-largest OPEC producer, might retaliate for a suspected Israeli warplane attack on Iran's embassy.

NewsOilPolitics

OPEC+ unlikely to change output policy before June meeting

LONDON/DUBAI (Reuters) – OPEC+ is unlikely to make any oil output policy changes until a full ministerial gathering in June, three OPEC+ sources...

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