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.
OPEC+ Tapering Mechanisms Will Continue To Dictate Oil Prices
Commodity experts at Standard Chartered have predicted that actions by OPEC+ are likely to determine the near-and mid-term oil price trajectory
OPEC+ in a pickle: should the cartel increase oil output?
The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output from December.
Aramco Cuts Oil Prices to Asia for December After OPEC+ Delay
Saudi Arabia lowered oil prices for buyers in Asia for December after members of the OPEC+ producers group said they will push back production increases by one month.
Oil Gains as OPEC+ Further Delays Output Hike
Oil prices rose after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid growing concerns about weaker global demand and lower prices.
Oil jumps nearly 3% as OPEC+ delays adding supply to market
Oil futures jumped nearly 2% on Monday after OPEC+ announced it would delay unwinding production cuts by a month and traders digested a new report that said Iran is planning a "strong and complex" attack against Israel.
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.
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 Intermediate crude oil.
Oil jumps nearly 3% after OPEC+ delays output hike, US election in focus
Oil prices climbed nearly 3% on Monday on OPEC+'s decision for a month's delay in plans to increase output, while investors ...
OPEC+ production hike delay may signal oil price concerns, analysts say
OPEC+ had been due to increase monthly output by 180K bbl/day starting in December, but the mere one-month extension on its ...
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Why OPEC+ Delayed Its Planned Oil Production Increase
OPEC+ has delayed its planned production increase for a second time, citing market conditions and geopolitical uncertainties.
Russia's oil output at 9 million bpd as promised to OPEC+, Novak says
Russia will stick to its commitments to the OPEC+ group of leading oil producers and has reached its promised oil output ...
Reuters on MSN2d
Oil gains 3% after OPEC+ delays output hike, US election in focus
Oil prices rose about 3% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while the market ...
OPEC+ is ‘very realistic’ on oil demand, Dan Yergin says
Daniel Yergin of S&P Global discusses the OPEC+ output hike delay. Saturday Night Live’s Bowen Yang and Chappell Roan hold ...
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Will USA Election Outcome Affect OPEC+ Policy?
Rigzone talks to representatives of Hartree Partners, the Heritage Foundation, and the American Enterprise Institute.
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 ...