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Oil prices rise as traders await OPEC+ production decision
Oil futures rose modestly Thursday morning, with the Organization of the Petroleum Exporting Countries and its allies expected to further postpone a proposed unwinding of production cuts in the face of ample global supply and shaky demand from China.
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.
OPEC+ oil alliance to decide on crude prices
Oil prices have been down due to weaker than expected demand from China as well as increased production from countries such as Brazil and Argentina that are not in OPEC+.
Oil prices end lower as investors look to OPEC+ decision
U.S. oil futures pared much of their early Wednesday declines, finding support after government data revealed a weekly crude inventory drop of more than 5 million barrels.
Oil slips ahead of OPEC+ decision on production cuts
Oil futures fell nearly 2% on Wednesday as investors awaited an imminent OPEC+ decision on production cuts, while a larger-than-expected draw in U.S. crude stockpiles last week lent some support to prices.
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,
1h
OPEC+ to delay oil output hike until April, source says
OPEC+ has agreed to delay its plan to raise oil output until April 2025, an OPEC+ source told Reuters while its meeting was ...
1h
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 ...
22h
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 ...
20h
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 ...
6h
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 ...
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 ...
17h
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 ...
Intellinews on MSN
3h
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 ...
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