OPEC+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered investment in new production, the CEO of Italian energy company Eni said on Monday.

OPEC is not going to release all the oil production that they stopped to balance the price, Eni CEO says Haitham Al Ghais, the OPEC secretary general, says "we're always very proactive, precautionary ...

Eni CEO criticizes OPEC+'s oil production management strategy, arguing it creates price volatility and discourages investment in new oil and gas production.

Libya is preparing to hold its first oil and gas exploration bid round in over 17 years, signaling a potential boom in the ...

(Reuters pic) Opec+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered investment in new production, the CEO of Italian energy company Eni said ...

Libya is set to hold its first energy exploration contract tender since the 2011 civil war, as the OPEC member aims to bring ...

OPEC Extends Its Oil Output Cuts by One Month Until the End of December Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output ...

On the upside, the 55-day Simple Moving Average (SMA) at $71.68 remains the first level to reclaim. Next up, the hefty technical level at $75.01, with the 100-day Simple Moving Average (SMA) and a few ...

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.