The Latest Breaking News from OPEC

Oil and gas demand is expected to recover this year amid fears of tight supplies arising out of geopolitical tensions and production cuts announced by OPEC+. The supply curbs on oil production may lead to an increase in energy prices worldwide. Given this backdrop, quality energy stocks Petróleo Brasileiro S.A.…

With robust natural gas consumption and stunted refineries, gasoline prices have been surging recently, creating significant tailwinds for the energy sector. Hence, fundamentally sound gas stocks Cheniere Energy (CQP), Transportadora de Gas (TGS) and NGL Energy (NGL) could be wise additions to your portfolio. Keep reading….

April WTI crude oil (CLJ24 ) this morning is up +2.49 (+3.19%), and Apr RBOB gasoline (RBJ24 ) is up +5.10 (+2.01%). Crude oil and gasoline prices this morning are moderately higher. Today's decline in the dollar index (DXY00 ) to a 1-month low supports energy prices. Crude prices extended...

April WTI crude oil (CLJ24 ) on Tuesday closed down -0.59 (-0.75%), and Apr RBOB gasoline (RBJ24 ) closed down -5.29 (-2.05%). Crude oil and gasoline prices on Tuesday gave up an early advance and turned lower. Crude prices came under pressure after Tuesday's weaker-than-expected U.S. economic news on Jan...

April WTI crude oil (CLJ24 ) this morning is down -0.15 (-0.19%), and Apr RBOB gasoline (RBJ24 ) is down -3.81 (-1.47%). Crude oil and gasoline prices this morning gave up an early advance and turned lower. Crude prices came under pressure after today's weaker-than-expected U.S. economic news on Jan...

Ongoing conflicts in the Middle East, along with the extension of oil production cuts, are contributing to the positive sentiment surrounding the energy industry's prospects. Given their discounted valuation, investors could consider buying fundamentally strong energy stocks Select Water Solutions (WTTR), Unit (UNTC), and Adams Resources & Energy (AE). Keep…

April WTI crude oil (CLJ24 ) on Monday closed down -1.23 (-1.54%), and Apr RBOB gasoline (RBJ24 ) closed down -2.87 (-1.10%). Crude oil and gasoline prices posted moderate losses on Monday. An increase in OPEC crude production is bearish for oil prices. Also, doubts about OPEC+ compliance with its...

April WTI crude oil (CLJ24 ) this morning is down -0.71 (-0.89%), and Apr RBOB gasoline (RBJ24 ) is down -1.70 (-0.65%). Crude oil and gasoline prices this morning are moderately lower. An increase in OPEC crude production is bearish for oil prices. Also, today's weakness in stocks curbs confidence...

OPEC+ alliance, led by Saudi Arabia and Russia, deepens voluntary crude supply cuts to stabilize global oil market. Brent crude price remains stable at ...