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Oil prices end lower
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 output cuts by at least three months from January in an online meeting at 1100 GMT on Thursday, OPEC+ sources told Reuters, providing additional support for the oil market.
Oil prices end lower as investors look to OPEC+ decision
U.S. oil futures finished lower Wednesday, as pressure from uncertainty a day ahead of a decision by major oil producers on output levels outweighed support from weekly U.S. data showing a crude inventory drop of more than 5 million barrels.
Will OPEC+ Maintain Oil Production Cuts? Let's Find Out
Oil prices surged on Tuesday, driven by heightened market speculation that OPEC+ will prolong its existing production cuts. The alliance, which manages roughly half of the world’s oil supply, is deliberating on extending these cuts through the first quarter of 2025,
Oil prices edge up ahead of imminent OPEC+ decision; geopolitical turmoil in focus
Oil prices rose slightly on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts this week while heightened geopolitical tensions continue to dominate market sentiment. Brent crude futures rose 38 cents,
Oil sees biggest daily gain in 2 weeks on bets OPEC+ will extend production cuts
Oil futures rose Tuesday as traders awaited a meeting of the Organization of the Petroleum Exporting Countries and its allies that may result in a further delay to the partial unwinding of production cuts.
Czechia to open oil reserves
Czechia to open oil reserves after Russia halts Druzhba pipeline flows
By Albin Sybera The Czech state is prepared to lend up to 330,000 barrels equivalent to Orlen's Litvinov refinery from its oil reserves in response to Russia's halt to crude flows via the Druzhba pipeline.
Oil delivery to the Czech Republic from Russia through the Druhzba pipeline is interrupted
Officials say oil delivery to the Czech Republic from Russia through the Druhzba pipeline has been interrupted
Russian oil flow to Czech Republic hits unexpected halt
According to Czech media, the flow of Russian crude oil through the "Druzhba" pipeline to the Czech Republic, which accounts for 58% of the country's oil demand, has stopped. Orlen Unipetrol, the sole company in the Czech Republic that processes oil,
46m
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 ...
21h
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 ...
3h
on MSN
Shell and Equinor to create Britain's largest independent oil and gas company in joint venture
Britain's Shell and Norway's Equinor on Thursday announced plans to combine their British offshore oil and gas assets to ...
19h
on MSN
U.S. Crude Oil Stockpiles Fall More Than Expected
U.S. crude oil inventories fell more than expected last week and product stocks saw a buildup as refineries ramped up their ...
5h
Tullow Oil CEO Rahul Dhir to step down
West Africa-focused Tullow Oil said on Thursday Chief Executive Officer Rahul Dhir will step down and also resign from the ...
16h
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 ...
2h
Why Trump Is a Wild Card for Saudi Arabia's Hold on Oil Markets
Saudi Arabia’s sway over OPEC long meant dominance of the global oil market. But the cartel’s fractious members are pushing to pump more, in part due to the expectation of growing competition from U.S ...
21h
Russia, Pakistan discuss cooperation on oil and gas exploration, Ifax reports
Russia and Pakistan discussed cooperation on oil and gas offshore exploration and refining at intergovernmental meetings this ...
1d
on MSN
Treasury sanctions 35 vessels, entities for transporting Iranian oil
The Treasury announced the sanctioning of 35 entities and vessels on Tuesday that have shipped oil from Iran to foreign ...
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