This week,OPEC+ did what Donald Trump has demanded and announced it would start increasing production,pushing oil prices down to three-year lows. Trump may get more than he bargained for.
Donald Trump wants a massive boost in US oil production to lower US petrol prices. The oil bosses,however,are more interested in boosting shareholder returns.
Donald Trump wants America to dominate the global oil market. But his plans to boost production come as demand for the fossil fuel has weakened.
The oil world has had a surprisingly calm reaction to the Middle East conflict this week. That could change quickly.
The OPEC+ group likes to blame everyone else for its problems. It needs to look in the mirror.
The world is overflowing with oil,and OPEC has failed in its latest attempt to stop prices tumbling.
Petrol prices at the bowser are primed to fall in coming months as a slowdown in major economies reduces demand for oil.
It is one of the world’s most important markets and powerbrokers are widely split on what its future looks like.
The OPEC+ oil cartel’s power and influence is waning and it is being forced to make difficult choices as it grapples with a number of threats.
Shell’s head of strategy says the chances of meeting the global carbon emissions targets depend on two crucial factors.