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
The OPEC+ alliance of oil-producing countries has postponed its next meeting on output policy to Dec. 5 from Dec. 1 to avoid a conflict with another event, OPEC said on Thursday.
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, or risk a renewed price slump.
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 ...
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 ...
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, ...
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India Sees 9% Jump in Gasoline Consumption in November
India's rising fuel demand across gasoline, diesel, and aviation sectors highlights economic growth, but its reliance on oil ...
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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 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 ...