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,
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Putin Could Hurt Major US Oil Companies
If Vladimir Putin can get Donald Trump to reopen access to nations Russia used to export oil to, the Russians could flood the global market with crude. This could be good for cash-starved Russian producers but would dent the profits of major US oil firms.
Russian President Vladimir Putin said his nation was ready to work with U.S. companies to secure rare raw minerals within the nation’s borders in hopes of ending the conflict in Ukraine
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.
Latvia’s foreign minister is warning that Russian President Vladimir Putin will try to achieve in peace talks what he hasn’t been able to accomplish in his war against Ukraine — weaken the United States and restore control over his smaller neighbor.
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.
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,
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,
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.