After a wobbly first half of 2023,[1] when crude oil prices were affected by a banking crisis in the United States and the prospects of a recession in...
Earlier this month, OPEC+ leaders Saudi Arabia and Russia announced further voluntary production and export cuts, with the former alone accounting for nearly half of the OPEC+ aggregate.
In a surprise announcement a day after April Fools’ Day, the Organization of the Petroleum Exporting Countries (OPEC) and 10 additional oil exporters (together known as OPEC+) pulled...
Oil markets faced near-unprecedented volatility in 2022. Although the year ended with crude prices roughly where they were at the beginning of the year, it also witnessed the...