Page 5 - Ben Bartenstein News Today

OPEC and its allies are increasingly expected to hold production steady after the group shifted its meeting online amid an uncertain market outlook.

By Jack Farchy, Ben Bartenstein and Archie Hunter (Bloomberg) –A trading house that owns part of a stake in Russia’s flagship oil project said its share had been sold for next...

The government reported that inflation soared 9.1 percent in June — the biggest 12-month jump since November 1981.

Dubai is considering handing over two Gupta brothers who are wanted in South Africa for allegedly masterminding the looting billions of dollars from state entities.

The modest supply boost may ease tight markets. But it leaves unanswered the question of whether the U.S. can turn Saudi Arabia into an ally in its campaign to economically isolate Russia.

OPEC+ agreed to increase the size of its oil-supply hikes by about 50%, in a deal that kept Russia at the heart of the cartel while also heeding pressure from major consumers including the U.S.

The OPEC+ coalition will likely hold firm to its oil production plans this week even as the European Union moves to sanction group member Russia, delegates said.

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Libya’s parliament-backed prime minister said closed oil fields and ports in the OPEC country may soon reopen, though his rival’s energy minister said negotiations with protesters were proving difficult.

Libya’s parliament-backed prime minister said closed oil fields and ports in the OPEC country may soon reopen, though his rival’s energy minister said negotiations with protesters were proving difficult.