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Oil prices rose following OPEC kingpin Saudi Arabia’s decision to cut production by another million barrels per day. On Sunday, the Organization of the Petroleum Exporting Countries and its partners (known as OPEC+) made no changes to its planned oil production cuts for the rest of the year. However, the world’s top oil exporter Saudi Arabia announced further voluntary […]
Oil prices are on the bounce as Saudi Arabia unveiled its plans to cut oil output by one million barrels per day.
Oil jumped alongside broader equity markets, with traders embracing risk assets and largely overlooking a bearish US stockpile report.
Despite continuing growth in fossil fuel spending and record investment in coal, clean energy sources are becoming ever more dominant in a world that is expected to spend US$2.8 trillion on all forms of energy this year, the International Energy Agency (I
Rigzone speaks to Citi's Global Head of Commodities Research and a Global Oil and Gas Strategist at Macquarie Group.