OPEC and its allies face a tricky dilemma: should they start loosening oil production caps even though the crude supply and demand picture is unlikely to improve in the near future? They may well opt to again delay the crucial moment to keep prices steady,
LONDON (Reuters) - Lower oil prices, budget constraints and a rise in bad corporate debt are among the top economic risks facing Russia, documents prepared for an internal government discussion show, with a possible jump in U.S. and OPEC oil output of notable concern.
Oil prices settled down more than 2% on Wednesday after U.S. President Donald Trump took the first big step toward diplomacy over the war in Ukraine he has promised to end, a war that has supported oil prices on concerns about global supplies.
Saudi Arabia has become a central player in U.S. negotiations for a peace deal between Russia and Ukraine because of the crucial role oil exports play in global politics.
Trump Threatens Putin: "We can do it the Easy way, or the Hard way" | Vantage with Palki Sharma | N18G Donald Trump wants to Russia-Ukraine war to end immediately. He has threatened Russia with "Taxes,
The dollar-denominated crude market also faces pressure from rising US inflation, reinforcing expectations that the Federal Reserve (Fed) will maintain its hawkish policy stance. Higher interest rates for an extended period slow economic activity in the United States, the world's largest Oil consumer, weighing on overall demand.
Trump and Putin agree to start negotiations on Ukraine "In its monthly report, OPEC left its global oil demand growth estimate unchanged at 1.45m b/d and 1.43m b/d for 2025 and 2026 respectively. On the supply side,
Russian President Vladimir Putin held a phone conversation with Saudi Crown Prince Mohammed bin Salman on Thursday, the Kremlin reported. The discussion centered around key geopolitical and economic issues,