Showing 13 to 24 of 30 results
OPEC Production Increase and Weak Demand Drive Down Gas Prices
Falling gasoline prices are primarily due to increased oil production by OPEC, coupled with weak global economic demand and a stronger Euro; however, critics argue that gas stations aren't passing on sufficient savings to consumers.
OPEC Production Increase and Weak Demand Drive Down Gas Prices
Falling gasoline prices are primarily due to increased oil production by OPEC, coupled with weak global economic demand and a stronger Euro; however, critics argue that gas stations aren't passing on sufficient savings to consumers.
Progress
24% Bias Score
OPEC+ to Establish 2027 Oil Production Baselines
OPEC+ agreed on Wednesday to create a mechanism to set 2027 oil production baselines, while separate talks may lead to a further 411,000 barrels per day output increase in July, reflecting ongoing internal disagreements among members regarding production capacities and quotas.
OPEC+ to Establish 2027 Oil Production Baselines
OPEC+ agreed on Wednesday to create a mechanism to set 2027 oil production baselines, while separate talks may lead to a further 411,000 barrels per day output increase in July, reflecting ongoing internal disagreements among members regarding production capacities and quotas.
Progress
32% Bias Score
Guyana's Oil Output Soars to 668,000 bpd, Driven by ExxonMobil
ExxonMobil's consortium in Guyana produced 668,000 barrels of oil per day last week, a 3% increase year-on-year, with plans to expand to over 900,000 bpd by installing a fourth floating output facility, increasing government revenue; a $1 billion gas pipeline is also planned.
Guyana's Oil Output Soars to 668,000 bpd, Driven by ExxonMobil
ExxonMobil's consortium in Guyana produced 668,000 barrels of oil per day last week, a 3% increase year-on-year, with plans to expand to over 900,000 bpd by installing a fourth floating output facility, increasing government revenue; a $1 billion gas pipeline is also planned.
Progress
44% Bias Score
Brazil's Oil Expansion Undermines Climate Leadership Ahead of COP30
Brazil, hosting COP30 in 2025, is expanding its oil industry and joining OPEC+, despite President Lula's climate pledges; critics cite insufficient investment in renewables and continued fossil fuel subsidies as contradictory to climate goals.
Brazil's Oil Expansion Undermines Climate Leadership Ahead of COP30
Brazil, hosting COP30 in 2025, is expanding its oil industry and joining OPEC+, despite President Lula's climate pledges; critics cite insufficient investment in renewables and continued fossil fuel subsidies as contradictory to climate goals.
Progress
48% Bias Score
OPEC+ to Increase Oil Production in April, but Ready to Cut if Needed
OPEC+ will increase oil production in April due to rising seasonal demand; however, Russia's Deputy Prime Minister Alexander Novak stated that they are prepared to cut production if market disruptions occur. This follows a period of voluntary production cuts by eight OPEC+ members, including Russia ...
OPEC+ to Increase Oil Production in April, but Ready to Cut if Needed
OPEC+ will increase oil production in April due to rising seasonal demand; however, Russia's Deputy Prime Minister Alexander Novak stated that they are prepared to cut production if market disruptions occur. This follows a period of voluntary production cuts by eight OPEC+ members, including Russia ...
Progress
32% Bias Score
Chevron Weighs California Exit, Threatening Fuel Supply
Chevron may cease California oil production, closing two major refineries and potentially increasing gas prices due to stricter environmental regulations and declining gasoline demand, impacting 27 million drivers.
Chevron Weighs California Exit, Threatening Fuel Supply
Chevron may cease California oil production, closing two major refineries and potentially increasing gas prices due to stricter environmental regulations and declining gasoline demand, impacting 27 million drivers.
Progress
44% Bias Score
OPEC+ Raises Oil Production to Regain Market Share
OPEC+ agreed to increase oil production by 411,000 barrels per day in July, aiming to regain market share and counter overproduction by members like Iraq and Kazakhstan, reversing previous production cuts and potentially impacting global energy markets and prices.
OPEC+ Raises Oil Production to Regain Market Share
OPEC+ agreed to increase oil production by 411,000 barrels per day in July, aiming to regain market share and counter overproduction by members like Iraq and Kazakhstan, reversing previous production cuts and potentially impacting global energy markets and prices.
Progress
32% Bias Score
Low Gas Prices Boost Memorial Day Travel Despite Economic Concerns
The national average gas price is projected to be \$3.08 this Memorial Day, the lowest since 2021, benefiting the nearly 40 million Americans expected to travel by car this holiday weekend; however, this is partially due to concerns about the economy and reduced refinery capacity.
Low Gas Prices Boost Memorial Day Travel Despite Economic Concerns
The national average gas price is projected to be \$3.08 this Memorial Day, the lowest since 2021, benefiting the nearly 40 million Americans expected to travel by car this holiday weekend; however, this is partially due to concerns about the economy and reduced refinery capacity.
Progress
40% Bias Score
OPEC+ Increases Oil Production Amidst Trump Pressure, Causing Oil Prices to Plummet
On April 3rd, eight OPEC+ nations, pressured by President Trump, announced a plan to sharply increase oil production by 411,000 barrels per day starting in May, exceeding the previous plan threefold and causing Brent crude futures to fall over 5 percent below $70 per barrel.
OPEC+ Increases Oil Production Amidst Trump Pressure, Causing Oil Prices to Plummet
On April 3rd, eight OPEC+ nations, pressured by President Trump, announced a plan to sharply increase oil production by 411,000 barrels per day starting in May, exceeding the previous plan threefold and causing Brent crude futures to fall over 5 percent below $70 per barrel.
Progress
48% Bias Score
OPEC+ Defies Low Prices, Plans Gradual Production Increase from April 2025
OPEC+ surprisingly agreed on March 5th to gradually increase oil production from April 2025, defying low prices and market expectations; this move aims to counter potential US market dominance and maintain OPEC+'s market share, despite impacting Russia's budget.
OPEC+ Defies Low Prices, Plans Gradual Production Increase from April 2025
OPEC+ surprisingly agreed on March 5th to gradually increase oil production from April 2025, defying low prices and market expectations; this move aims to counter potential US market dominance and maintain OPEC+'s market share, despite impacting Russia's budget.
Progress
44% Bias Score
Brazil Joins OPEC+, Raising Climate Concerns Ahead of COP30
Brazil joined OPEC+ on Tuesday, becoming a major voice in global oil discussions despite its commitment to hosting COP30 and its President's environmental pledges; this follows crude oil becoming Brazil's top export in 2024.
Brazil Joins OPEC+, Raising Climate Concerns Ahead of COP30
Brazil joined OPEC+ on Tuesday, becoming a major voice in global oil discussions despite its commitment to hosting COP30 and its President's environmental pledges; this follows crude oil becoming Brazil's top export in 2024.
Progress
48% Bias Score
Trump's Energy Push Yields Minimal Production Increase
Upon returning to office, Donald Trump declared a US energy emergency, aiming to increase oil production, lower prices, and boost exports; however, despite lifting drilling restrictions, limited investment and price sensitivities are expected to result in only a slight production increase to 13.7 mi...
Trump's Energy Push Yields Minimal Production Increase
Upon returning to office, Donald Trump declared a US energy emergency, aiming to increase oil production, lower prices, and boost exports; however, despite lifting drilling restrictions, limited investment and price sensitivities are expected to result in only a slight production increase to 13.7 mi...
Progress
40% Bias Score
Showing 13 to 24 of 30 results