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OPEC+ Delays Oil Output Hike
Oil prices dip as extended OPEC+ supply cuts highlight weak demand
Oil prices dipped on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026. Brent crude futures fell 21 cents, or 0.
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.
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.
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.
Alberta Cut Inactive Oil Wells by 5% in 2023
Alberta saw a significant reduction in inactive oil and gas wells, but faces a new challenge with proposed federal emissions caps on the oil and gas sector.
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.
14h
on MSN
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 ...
20h
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 ...
2d
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 ...
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 ...
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 ...
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.
7h
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 ...
E&E
1d
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
on MSN
North Dakota governor charts his path to Interior with a rosy state oil and gas outlook
President-elect Donald Trump has given his choice for Interior secretary a mandate to “Drill baby drill,” and on Wednesday ...
20h
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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