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Oil prices fall on supply glut fears despite OPEC+ output cut extension
Oil prices fell on Friday as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone planned supply increases and extend deep output cuts to the end of 2026.
Oil prices end at their lowest in 3 weeks after OPEC+ fails to allay supply worries
Oil futures fell Friday and were on track for weekly losses 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 soothe fears of a crude surplus.
Oil Holds Tight Range After OPEC+ Extended Output Cuts
Oil prices continued to trade in a tight range despite OPEC+'s decision to push back a series of supply increases amid growing concerns over weaker demand and a looming supply surplus. "The action taken by OPEC+ eats quite heavily into the surplus that was expected over 2025,
Oil prices inch up after OPEC+ pushes back output hike, extends cuts through 2026
Oil prices climbed slightly on Thursday after OPEC+ decided to delay planned output increase until April 2025 and extend the full unwind of production cuts by a year until the end of 2026. Brent crude was up 40 cents,
Oil prices decline as OPEC+ output decision fails to offset demand concerns
Oil prices headed lower Friday and looked to post a loss for the week as a recent decision by major oil producers to postpone an unwind of crude production c
Crude oil adds to losses as OPEC+'s extended output cuts leave market indifferent
Crude oil futures fell on Friday end tallied losses for the week, a day after the decision by OPEC and its allies to further postpone a planned reversal of production cuts failed to ease the outlook for a crude surplus.
Oil prices drop, set for weekly loss even after OPEC+ extends output cuts
Oil prices fell 1% on Friday and were headed for a weekly loss as analysts projected a supply surplus next year despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026.
Oil posts weekly loss despite Opec+ extending voluntary output cuts
Oil posted a weekly loss as analysts projected a “significant” supply surplus in 2025, despite an Opec+ decision to extend its voluntary output cuts of 2.2 million barrels a day until the end of March next year.
2d
on MSN
Key members of OPEC+ alliance are putting off production increases amid slack crude prices
Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face ...
1d
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.
Crude Oil Prices
13d
Oil Prices Dip After a Week of Gains
Oil prices drop slightly after initial gains as the market weighs geopolitical tensions involving Russia, Ukraine, and Iran's ...
4d
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 ...
3d
on MSN
Bank analysts see oil dropping below $60 a barrel during Trump administration
The law firm Haynes Boone released a survey finding that oil prices are forecast to fall to $58.62 a barrel by 2027.
Crude Oil Prices
23h
Oil Markets Remain Lackluster Despite Positive OPEC+ Meeting
Oil prices
fell on Thursday, a day after OPEC+ delayed its planned output increase by three months to April 2025, and extended the full unwind of production cuts by a year until the end of 2026. The ...
1d
The world’s food prices are at a 19-month high. Here’s why
The United Nations' world food price index reached its highest point since April 2023, due to surging vegetable oil prices.
2h
'Have a better deal?': S Jaishankar on buying Russian oil amid Ukraine conflict
External Affairs Minister S Jaishankar defended India's purchase of Russian oil, stating it wasn't necessarily cheap and ...
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