The Latest Breaking News from OPEC

Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct.

Russia is likely to propose a significant reduction in output at the next OPEC meeting. Amid the supply crunch, JPMorgan expects Brent to head toward $100 a barrel in the coming months. Hence, fundamentally strong energy stocks Valero Energy Corporation (VLO), Marathon Oil Corporation (MRO), and APA Corporation (APA) might…

Peter McGahan, chief executive of Truro-based independent financial adviser Worldwide Financial Planning asses the potential costs of Prime Minister Liz Truss' policies

A U.S. State Department official put pressure on Venezuela leader Nicolas Maduro in a congressional hearing on Thursday, threatening more sanctions if talks with the opposition on resolving the country's long-running political and economic crisis are not renewed.

The G7 imposing price cap on Russian oil could raise energy prices in winter. Moreover, the Biden administration is considering refilling its strategic reserves to support prices. And considering OPEC’s upbeat demand outlook, the energy stocks Cenovus Energy (CVE), Birchcliff Energy (BIREF), Amplify Energy (AMPY), and MV Oil (MVO) which…

Australian petrol prices have plunged to an eight-month low over the past week, delivering much needed cost of living relief to motorists.

Gasoline prices are anticipated to continue their decline, energy analysts said.

The market rally is coming back from the brink, but still faces key resistance. Solar stocks are leading. Apple unveiled the iPhone 14.

Saudi Energy Minister Prince Abdulaziz bin Salman stressed that OPEC+ did not target specific prices or price ranges, but rather sought to support market stability and balance supply and demand for the benefit of the petroleum industry. Prince Abdulaziz, who chairs the ministerial committee in the OPEC+ alliance, told an…