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Oil prices fall on supply glut fears despite OPEC+ output cut extension
Oil prices fell on Friday as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone planned supply increases and extend deep output cuts to the end of 2026.
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 Exporting Countries and its allies to further postpone a planned reversal of production cuts failed to allay fears of a crude surplus.
Oil Holds Tight Range After OPEC+ Extended Output Cuts
Oil prices continued to trade in a tight range despite OPEC+’s decision to push back a series of supply increases amid growing concerns over weaker demand and a looming supply surplus.
Oil posts weekly loss despite Opec+ extending voluntary output cuts
Oil posted a weekly loss as analysts projected a “significant” supply surplus in 2025, despite an Opec+ decision to extend its voluntary output cuts of 2.2 million barrels a day until the end of March next year.
Oil prices decline as OPEC+ output decision fails to offset demand concerns
Oil prices headed lower Friday and looked to post a loss for the week as a recent decision by major oil producers to postpone an unwind of crude production c
2d
Oil falls as investors weigh ample 2025 supply outlook, delayed OPEC+ output hike
Oil prices fell on Thursday as investors weighed an ample supply outlook for next year against OPEC+ delaying its planned ...
1d
on MSN
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.
2d
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 ...
1d
on MSN
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 ...
2d
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 ...
1d
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 ...
15h
on MSN
Russia's oil tsar says Trump's moves to defend US producers 'fitting'
Igor Sechin, the head of Russia's largest oil producer Rosneft, on Saturday said he approved of U.S. President-elect Donald ...
E&E
3d
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 ...
1d
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.
Cowboy State Daily
5h
Get An Oil Change And Lunch At Gillette’s Expresso Lube, But Not A Beer
Expresso Lube in Gillette already has a unique business model operating an oil change shop on one side and a diner on the ...
The New Voice of Ukraine on MSN
1d
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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