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OPEC+ postpones meeting on oil output
OPEC+ Delays Key Oil Policy Meeting to December 5
OPEC+ postponed its meeting on oil production plans to December 5th due to scheduling conflicts, with the group expected to maintain production cuts in the new year.
OPEC+ postpones meeting on oil output to December 5
The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among the group over plans to increase output. Analysts say that if OPEC nations maintain their output cuts,
OPEC+ Has Little Room to Revive Oil Supply, Official Says
OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the U.S. shale industry, Iran’s representative to the group said.
Crude Oil Prices
7h
All Eyes on OPEC as Bearish Bias Remains Firm
Crude oil prices are poised to face bearish pressures in the short term as geopolitical risks ease and demand concerns linger ...
1d
on MSN
UAE accused of defying Opec oil cartel
The United Arab Emirates has been accused of defying production cuts from the Opec+ oil cartel, as tensions threaten to ...
1d
OPEC+ production cuts may support oil prices in near term, Goldman Sachs says
Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting a modest ...
6h
Crude Oil falls flat with US markets remaining closed for Thanksgiving this Thursday
The US Dollar Index bounces off support after traders took profit in their Greenback rally.
12h
US crude inventories drop more than expected, but product stocks rise as oil market shifts focus to OPEC meeting
Crude oil inventories in the US fell more than expected in the week ended November 22 as imports plunged, the US EIA said.
2d
OPEC unlikely to raise production in short term, commodity trading bosses say
OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, ...
1d
OPEC’s Dilemma: Another Year of Supply Curbs or Price Slump
When OPEC+ ministers meet this weekend, they confront the unpalatable choice: continue to curb oil-supplies well into 2025, ...
WSB Radio
1d
Oil prices are steady, OPEC sets meeting to talk turkey
Crude oil prices have stabilized in recent weeks as traders gear up for a meeting of OPEC and its allies. There are signs ...
1d
on MSN
Trump’s oil-drilling plans may pose a big problem for OPEC+
OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in ...
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