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OPEC+ Delays Oil Output Hike
Oil falls as investors weigh ample 2025 supply outlook, delayed OPEC+ output hike
Oil prices rose on Thursday as investors weighed an ample supply outlook for next year against OPEC+ delaying its planned output increase by three months to April 2025.
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 planned for January by three months amid softer prices and market concerns of an impending glut.
Oil ends lower after OPEC+ again delays phaseout of production cuts
Oil futures were little changed Thursday morning after the Organization of the Petroleum Exporting Countries and its allies, as expected, agreed to further postpone a proposed unwinding of production cuts.
Canadian oil province Alberta cleans up 5% of inactive wells
Canadian oil province Alberta cleans up 5% of inactive wells in 2023
The number of inactive oil and gas wells in Alberta, Canada's main fossil fuel-producing province, fell 5% in 2023 from a year earlier, showing progress in decommissioning and reclamation work, a regulatory report said on Thursday.
Number of inactive oil and gas wells in Alberta fell 5% in 2023, says report
A new report says Alberta's oil and gas producers spent $769 million cleaning up old wells last year, a $73-million increase from the prior year.
Number of inactive oil and gas wells in Alberta fell five per cent in 2023: report
A new report says Alberta's oil and gas producers spent $769 million cleaning up old wells in 2023, a $73 million increase from the prior year.
5h
on MSN
Chevron Slows Permian Growth in Latest Hurdle to Trump Oil Plan
Chevron Corp. plans to slow production growth in the biggest US oil field next year in the most definitive sign yet that ...
2h
UAE non-oil business activity growth holds steady in November, PMI shows
Growth in the United Arab Emirates' non-oil private sector activity held steady in November, while improved demand conditions ...
18h
on MSN
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 ...
15h
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
Oil Slightly Firmer Ahead of OPEC+ Supply Decision
The Organization of the Petroleum Exporting Countries and its allies in OPEC+ are likely to extend their latest round of oil ...
10h
‘A needle in a haystack:’ How AI is helping uncover abandoned oil wells
Finding and plugging those wells is a laborious, time-consuming task. Researchers spend countless hours pouring over hundreds ...
1d
on MSN
Oil Seen Below $60 by Middle of New Trump Term, Survey Shows
Banks are gearing up for US oil prices to fall below $60 a barrel by the middle of President-elect Donald Trump’s new term in ...
23h
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.
33m
Urgent case against oil drilling in the Caribbean
Dear Editor, The Caribbean has been shaking — literally! In 2021 Trinidad and Tobago recorded over 450 earthquakes, according ...
12h
on MSN
Shell and Equinor form UK North Sea oil and gas joint venture
By Louise Rasmussen, Ron Bousso and Nerijus Adomaitis COPENHAGEN/LONDON/OSLO (Reuters) -Shell and Norway's Equinor will merge ...
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