OPEC+ in a pickle: should the cartel increase oil output?
The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output from December.
OPEC extends oil output cuts
The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas
Oil Price Jumps After OPEC Delays Supply Increase
Crude prices rallied after OPEC and its allies delayed a planned production increase by a month, as Israel-Iran tensions remain heightened, and the U.S. election looms. Dig deeper:
Ticker: OPEC extends oil output cuts; Feds end Ford engine probe
The U.S. government’s auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company replaced engines or extended the warranty on some vehicles.
Oil prices end at highest in a week after OPEC+ delays output hike by another month
Oil futures finished sharply higher Monday after OPEC+ said it would wait another month before beginning to unwind voluntary production cuts. Natural-gas prices also rallied as a potential hurricane looked to be heading into the Gulf of Mexico.
Oil Summit Opens with Pledge to Boost Output Despite Price Drop
The UAE pledged to invest in "more resources in the future" to make sure the world will have "adequate oil and gas supplies."
Crude Oil Futures Gain as OPEC+ Extends Output Cuts
KEY TAKEAWAYS Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday extended their output cuts by one month.Saudi Arabia and other members of OPEC+ said they agreed to keep voluntary production cuts of around 2.
Oil Prices Edge Higher on Extended OPEC Cuts. Why the Boost May Not Last.
Crude is still down substantially over the last 12 months. U.S. producers have kept output high and China’s economic slump is denting demand.
Brent Crude - Oil Prices Rise As OPEC+ Extend Output Cuts
Oil prices opened $1 dollar higher following the weekend to trade at 73.80 a barrel when markets opened. Click to read.
Oil Prices Rise After OPEC+ Decides To Extend Production Cuts Till December: Retail Goes Bullish
Oil prices gained over 2% on Monday after the Organization of the Petroleum Exporting Countries plus Russia and other allies (OPEC+) said it would extend its output cut till December. OPEC said in a statement that the eight OPEC+ countries Saudi Arabia,
Marketplace2d
OPEC postpones plans to increase production — again
Yet again, OPEC has postponed plans to increase oil production until at least the end of the year. That drove oil futures ...
Shale Turns Up Heat on OPEC as Big Oil Opens Its US Taps
US shale producers are turning up the heat on OPEC again — but this time the cartel’s adversaries aren’t a bunch of ...
Crude Oil Prices1d
Oil Prices Spike After OPEC+ Delays Production Cut Decision
OPEC+ delayed a planned increase in oil production, causing prices to rise as analysts debate the long-term impact on the market.
‘Too much doom and gloom': OPEC chief is bullish on oil demand despite extended production cuts
The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.
Halliburton Is A Macro Barometer
Halliburton's global business is solid, but risks from OPEC+ and US slowdown may impact margins. Learn why HAL stock could ...
Rigzone1d
OPEC Plus Delays Production Increase as Crude Prices Struggle
OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive supply as ...
MarketWatch3d
What will OPEC+ decide on oil output? Here’s why it’s complicated.
Middle East politics and worries about the prospects for global demand have fueled volatile trading in the oil market in recent weeks and that makes an upcoming decision by major oil producing ...
Crude Oil Prices17d
China’s Energy Transition Is Wrong-Footing OPEC
OPEC has repeatedly revised down its 2024 demand estimates, citing a drop in diesel use and slower-than-expected economic ...