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+ postpones meeting to decide oil production strategy to Dec. 5, sources say
The OPEC+ oil alliance has postponed a meeting to decide the next steps of its crude production strategy to Dec. 5, two delegate sources told CNBC.
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.
Oil prices are steady, OPEC sets meeting to talk turkey
Crude oil prices have stabilized in recent weeks as traders gear up for a meeting of OPEC and its allies. There are signs that OPEC and its partner oil producing countries will once again put off restoring some output. But at the same time, a cease-fire agreement between Israel and Hezbollah has eased geopolitical risk.
Oil up as Israel says ceasefire violated, OPEC+ delays meeting
Oil prices ticked up on Thursday, after Israel said its ceasefire with Lebanese armed group Hezbollah was violated and Israeli tanks fired on south Lebanon and OPEC+ delayed by a few days a meeting likely to extend production cuts.
OPEC+ Delays Online Meeting on Supply to Dec. 5, Delegates Say
OPEC+ confirmed it will delay Sunday’s online meeting on oil production curbs to Dec. 5. OPEC’s secretariat said that the delay — first reported by Bloomberg News — was because several ministers will attend the meeting of the Gulf Cooperation Council in Kuwait on Dec. 1.
Oil Prices Rise as OPEC+ Delays Policy Meeting
Oil prices were moving higher intraday Friday as the Organization of the Petroleum Exporting Countries and its allies delayed the cartel's policy meeting initially scheduled for Sunday to Thursday. West Texas Intermediate crude oil was up 1.
Oil rises as Israel-Hezbollah ceasefire violated, OPEC+ delays meeting
Oil prices rose nearly 1% Thursday after Israel reported ceasefire breaches with Hezbollah, reigniting Middle East tensions. Brent hit $72.90 a barrel, recovering recent losses. Meanwhile, OPEC+ postponed its meeting,
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 ...
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.
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.
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 ...
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 ...
Crude Oil Prices2d
All Eyes on OPEC as Bearish Bias Remains Firm
Crude oil prices are poised to face bearish pressures in the short term as geopolitical risks ease and demand concerns linger ...
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, ...
Crude Oil Futures Move Higher With Eyes on OPEC
Oil futures were higher in early trade but lower on the week as some risk premium was taken out of the market with the ceasefire between Israel and Hezbollah.