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 ...
Marketplace3d
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 ...
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 ...
Most Gulf markets fall as OPEC+ delays oil output hike
Most major stock markets in the Gulf fell in early trade on Monday, following a decision by OPEC+ to delay a planned December ...
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 ...
Crude Oil Prices14h
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 ...
Nymex Overview: Petroleum Futures Back Off Early Gains Following OPEC Delay -- OPIS
While the announcement sent West Texas Intermediate futures to as high as $71.81/bbl and pushed Brent above $75.40/bbl, contracts over the last hour of the morning backed off some of the early gains ...
Sahara Reporters9h
Nigeria’s Crude Oil Production Declines In Second Quarter Of 2024, Fails To Meet OPEC Target
The development was blamed on crude oil theft and pipeline vandalism in the Niger Delta region. It was also noted that crude oil production fell short of the OPEC quota of 1.58 million barrels per day ...
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 ...