OPEC Could Extend Production Cuts To Support Oil Prices
Oil prices have been under pressure from high interest rates, a strong dollar, and high U.S. oil production. OPEC could extend oil production cuts to support prices.
OPEC+ May Be Facing Long-Term Production Cuts
OPEC+ has been withholding 2.2 million barrels of oil supply daily for well over a year now—and it might have to start thinking about these cuts as a long-term policy
OPEC+ output cuts extended: a difficult decision amidst market uncertainty
OPEC's hands are tied as the cartel will look to navigate indecision within the group to extend production cuts beyond 2024.
OPEC+ shifts meeting to Dec. 5, could delay output hike, sources say
OPEC+ is discussing postponing its oil output hike due to start in January for the first quarter of 2025, OPEC+ sources told Reuters on Thursday, and will hold further talks on this and other options ahead of its delayed policy meeting on Dec.
OPEC+ Likely to Delay Output Hikes. Oil Prices Lifted.
OPEC+ is expected to further delay its planned output hike by at least three months, providing support to oil prices, according to Commerzbank Research analysts. The cartel and its allies postponed their Sunday meeting to discuss oil production policy to next Thursday.
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
OPEC has become 'much more sophisticated' in recent years, says strategist
John Driscoll of JTD Energy Services says that the OPEC+ meeting delay is likely due to some "internal skirmishing and ...
Iran’s Oil Trade With China Rattled by US Sanctions on Tankers
A broadening of US sanctions on tankers that haul Iranian crude has jammed a crucial cog of the trade, slowing the delivery ...
Crude Oil awaiting OPEC+ headlines before making a move
OPEC+ is set to meet on Thursday online to discuss what to do with its production curbs for 2025.
OPEC 'stuck between a rock and a hard place' as planned meeting delayed
Crude oil futures fell as ceasefire boosts Middle East peace prospects. OPEC+ postpones meeting, faces production dilemma.
The Wrong Oil Price Is Truthfully a Problem for OPEC
The best scandals are those that start when someone, somewhere, decides to say something utterly shocking: the truth! A senior official of the OPEC oil cartel has said publicly what many thought ...
Oil faces uphill fight as demand woes, oversupply challenge OPEC efforts: Reuters poll
Oil prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh ...
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OPEC Fund first sustainability-linked financing to boost agriculture in Africa
The OPEC Fund for International Development (the OPEC Fund) has signed a US$40 million loan as part of a US$394 million ...
Oil Rises on Chinese Data, OPEC+ Expectations
Oil prices rose in early European trade, supported by Chinese factory activity growth and expectations that OPEC+ will further delay its planned output hike at a meeting this week.
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, ...