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OPEC+ Delays Oil Output Hike
Oil steady as investors weigh delayed OPEC+ output hike, ample 2025 supply outlook
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.
7h
on MSN
OPEC+ Braces for a Much Longer Mission to Defend Oil Prices
OPEC+ is accepting that its mission to defend oil prices will drag on much longer than expected. At an online gathering on ...
15h
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 ...
7h
‘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 ...
12h
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 ...
20h
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.
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 ...
13h
Members of OPEC+ oil producers' alliance postpone production increases as crude prices stagnate
Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face ...
9h
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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