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The US and other crude producers will take more oil market share from OPEC in the coming years, Bank of America says
The US and other oil-producing nations will account for the bulk of crude supply growth in 2025, Bank of America said.
Members of the OPEC+ oil producers' alliance postpone production increases as crude prices stagnate
Members of the OPEC+ oil producers' alliance postpone production increases as crude prices stagnate.
Key members of OPEC+ alliance are putting off production increases amid slack crude prices
Eight members of the OPEC+ alliance of oil exporting countries decided Thursday to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year.
OPEC+ Oil Alliance Faces Stagnant Prices for Crude While US Drivers Enjoy Cheaper Gasoline
The OPEC+ alliance of oil exporting countries is deciding on whether to produce more crude as members face sluggish demand and competing production from non-allied countries, factors that could keep o
Oil Prices Sink as Market Faces Supply Surplus and OPEC+ Pushes Back Production Hikes
Oil prices took a sharp dip Friday, with Brent crude falling to $71.12 per barrel and WTI to $67.20. Concerns over a supply surplus and weak global demand continued to pressure the market despite OPEC+ extending
OPEC+ oil alliance makes decision on crude oil prices
The OPEC+ alliance of oil exporting countries has decided to delay plans to pump more crude for a further three months amid sluggish demand and competing production from non-allied countries - factors that could keep oil prices stagnant into next year.
OPEC+ oil alliance decides to postpone production increases amid stagnant crude prices
The OPEC+ members decided at an online meeting to postpone by three months production increases that had been scheduled to take effect Jan. 1.
6h
on MSN
Oil prices fall on supply glut fears despite OPEC+ output cut extension
Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply surplus next year on weak ...
6h
Oil prices end at their lowest in 3 weeks after OPEC+ fails to allay supply worries
Oil futures settled lower on Friday to tally losses for the week, a day after a decision by the Organization of the Petroleum ...
15h
on MSN
OPEC+ Delays Oil Output Hike Once Again
The Organization of the Petroleum Exporting Countries and its allies will further push back an oil production increase ...
16h
Oil set for weekly loss on surplus fears despite OPEC+ cut extensions
Oil prices fell on Friday as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone ...
1d
Oil Patch in Canada Has $24 Billion Shield Against Trump Tariffs
The expansion of Canada’s Trans Mountain pipeline represented a $24 billion bid to help the country’s oil producers reduce ...
15h
Saudi Arabia Is Losing Its Iron Grip on Global Oil Markets
Rising U.S. production and internal OPEC+ pressure limit the kingdom’s sway over prices. Trump is a new wild card.
3d
Oil headed to $65 per barrel in 2025 amid ample supply, BofA says
Wall Street analysts are forecasting a bearish market for oil next year as the world's electrification shift progresses and ...
13h
Morgan Stanley, HSBC cut oil supply forecast, predict $70 Brent after OPEC decision
Morgan Stanley and HSBC revised down their expectations for an oil market surplus next year and forecast a Brent price of $70 ...
1d
OPEC Plus Postpones Plan to Increase Oil Output for Three Months
The oil cartel had aimed to start opening the taps in January, but delayed in the face of weak demand and plans by other ...
E&E
2d
Trump gets second chance to drill ANWR. Will oil companies bite?
The Biden administration reversed course, freezing exploration for oil in ANWR, but President Joe Biden didn’t galvanize ...
8h
on MSN
Oil prices drop on supply glut fears despite OPEC+ output cut extension
Oil prices fell 1% on Friday and were headed for weekly losses as analysts projected a supply surplus next year on ...
The New Voice of Ukraine on MSN
14h
Czechia resumes Russian oil imports via Druzhba pipeline
"The supply was restored this morning, and oil is once again flowing through the Druzhba pipeline to the Czech Republic," ...
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