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OPEC+ oil supply cuts extended to end-Mar.
Oil prices fall on supply glut fears despite OPEC+ output cut extension
Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026.
Oil prices end at their lowest in 3 weeks after OPEC+ fails to allay supply worries
Oil futures settled lower on Friday to tally losses for the week, a day after a decision by the Organization of the Petroleum Exporting Countries and its allies to further postpone a planned reversal of production cuts failed to allay fears of a crude surplus.
OPEC+ oil supply cuts extended to end-March
Several OPEC+ countries, including Saudi Arabia and Russia, agreed Thursday to extend oil supply cuts for three months through March to avoid a sharp drop in prices in a global market awash in crude.
9h
on MSN
The US and other crude producers will take more oil market share from OPEC in the coming years, Bank of America says
The US and other oil-producing nations will account for the bulk of crude supply growth in 2025, Bank of America said.
3d
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 ...
2d
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 ...
15h
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.
3d
Live news: Oil prices jump after US imposes new sanctions on Iran’s ‘shadow fleet’
Energy stocks were buoyed by oil prices, which jumped after the US announced new sanctions on Iran’s ‘shadow fleet’.
3d
Most Gulf markets gain as oil prices rise
Most stock markets in the Gulf were up in early trading on Tuesday as oil prices rose, while escalating tensions in the ...
1d
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 and competing production from non-allied countries, factors that could keep ...
cnbctv18
9h
NSWS for sugar production to integrate with GSTN before 2025, edible oil prices surge amid global factors
The integration aims to enhance tracking of sugar production, ethanol diversion, and sales, while curbing malpractices such ...
3d
Major Gulf equities track higher oil prices; Qatar flat
Major Gulf stock markets ended higher on Tuesday, fueled by rising oil prices, as investors bet on OPEC+ extending its ...
Crude Oil Prices
11h
Is Oil’s Gloom Overblown? Barclays Thinks So
Barclays believes the oil market is overly pessimistic about 2025, predicting tighter supply and potentially higher prices ...
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