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Oil prices end lower
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.
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,
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 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.
Oil slightly firmer ahead of OPEC+ supply decision
Oil prices were mostly stable on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring geopolitical tension in the Middle East.
19h
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
Shale Oil Is More Likely To Boom Than Peak
New production from the Gulf of Mexico or Alaska will take years to materialize and, as mentioned, most shale drilling is on ...
3h
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 ...
17h
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 ...
1d
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 ...
19h
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 ...
39m
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 ...
14h
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 ...
E&E
23h
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 ...
32m
on MSN
Shell and Equinor to form UK oil and gas joint venture
Shell and Norway's Equinor will merge their British offshore oil and gas assets into an equal joint venture, they announced ...
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