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 weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year.
Wall Street analysts are forecasting a bearish market for oil next year as the world's electrification shift progresses and ...
Oil was stronger, but a global surplus and ample spare capacity will likely put pressure on prices next year despite potential OPEC+ output hike delays and improved compliance levels from member ...
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 ...
Most stock markets in the Gulf were up in early trading on Tuesday as oil prices rose, while escalating tensions in the ...
In its 2025 energy outlook, the bank sees Brent crude averaging $65 a barrel next year, down from around $80 so far this year. It sees U.S. benchmark West Texas Intermediate crude at $61 a barrel next ...
Oil prices rose on Monday, supported by strong factory activity in China, the world's second-largest oil consumer, and ...
Major Gulf stock markets ended higher on Tuesday, fueled by rising oil prices, as investors bet on OPEC+ extending its ...
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