1434 ET – Concerns about higher OPEC production has likely kept oil from joining the rally in growth-sensitive metals, while fears of collateral damage to demand from an “imaginary recession ...

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More than two dozen banks have cut their 2025 forecasts for oil prices in the wake of OPEC's move to accelerate production ...

The increase in oil production by the Organisation of Petroleum Exporting Countries (Opec) and its allies including Russia, collectively known an Opec+, comes at a pivotal moment for global oil ...

Prices dropped to $61.99 per barrel on Friday — the lowest level since 2021 — pressured by mounting recession concerns and an unexpected move by OPEC+ to speed up the rollback of production cuts.

“Assuming a typical US recession and our OPEC baseline, we estimate that Brent ... Trump's sweeping tariff announcement last week. Concerns about excess supply after the Organization of ...

U.S. oil prices have dropped to their lowest level since 2021 this week, sparked in part by concerns that the massive ... raised the chances of a global recession, according to Wall Street economists.

Salisbury writes that mounting concerns surrounding OPEC’s actions and the potential for a recession have created headwinds for the energy sector, particularly impacting production companies.

US President Trump’s imposition of higher tariffs has intensified recession concerns, compounding bearish sentiment as OPEC+ accelerates output. According to investment banking firm Piper ...