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?
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.
OPEC further cuts 2024, 2025 global oil demand forecast
The Organization of the Petroleum Exporting Countries (OPEC) further trimmed forecasts for global oil demand growth this year and next, marking the
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 ...
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.
Crude Prices Jump as OPEC+ Delays Production Increases
Monday closed up +1.98 (+2.85%), and December RBOB gasoline (RBZ24) closed up +0.0528 (+2.68%). Crude oil and gasoline prices rallied to 1-week highs on Monday and settled moderately higher. Monday's fall in the dollar index (DXY00) to a 2-week low was bullish for energy prices.
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 ...
The Associated Press - Business News on MSN5d
OPEC extends its oil output cuts by one month until the end of December
Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end ...
‘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 oil output rises in October as Libyan supply rebounds, survey finds
OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a ...
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 ...
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 ...
Crude Oil Prices2d
Libya Set to Announce First Oil Bid Round Since 2011
Libya is preparing to hold its first oil and gas exploration bid round in over 17 years, signaling a potential boom in the ...
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 ...