OPEC Oil Production - Search News

With Oil Prices Weak, OPEC Plus Postpones Increases Again

Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.

Marketplace · 2d

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 higher on Monday — West Texas Intermediate is trading around $71.50 a barrel. The oil cartel has been reluctant to bring back oil supply for a while now. What gives?

Invezz · 3d

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.

Crude Oil Prices · 1d

Libyan Oil Output Resumption Significantly Increases OPEC Output

OPEC oil production rebounded from its lowest this year thanks to Libya resolving, even if temporarily, a political crisis over control of the Central Bank

MarketWatch · 1d

Oil futures jump after OPEC+ again delays production increases

Oil futures jumped Monday after members of OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies — said they would wait yet another month before beginning to unwind 2.

15h

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 jumps nearly 3% after OPEC+ delays output hike, US election in focus

Oil prices climbed nearly 3% on Monday on OPEC+'s decision for a month's delay in plans to increase output, while investors ...

20h

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 ...

1don MSN

OPEC+ production hike delay may signal oil price concerns, analysts say

Oil futures posted strong gains Monday after OPEC and its allies delayed plans to start unwinding production cuts by ...

1don MSN

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, ...

1don MSN

'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.

OPEC actions increasing volatility and hampering new investment in oil and gas, Eni CEO says

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’s Oil Output Recovers After Libya Resolves Political Crisis

OPEC’s oil production rose last month as Libya restored output that was halted during a brief political crisis.

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