OPEC Could Extend Production Cuts To Support Oil Prices
Oil prices have been under pressure from high interest rates, a strong dollar, and high U.S. oil production. OPEC could extend oil production cuts to support prices.
OPEC+ May Be Facing Long-Term Production Cuts
OPEC+ has been withholding 2.2 million barrels of oil supply daily for well over a year now—and it might have to start thinking about these cuts as a long-term policy
OPEC+ output cuts extended: a difficult decision amidst market uncertainty
OPEC's hands are tied as the cartel will look to navigate indecision within the group to extend production cuts beyond 2024.
OPEC’s Dilemma: Another Year of Supply Curbs or Price Slump
When OPEC+ ministers meet this weekend, they confront the unpalatable choice: continue to curb oil-supplies well into 2025, or risk a renewed price slump.
OPEC+ shifts meeting to Dec. 5, could delay output hike, sources say
OPEC+ is discussing postponing its oil output hike due to start in January for the first quarter of 2025, OPEC+ sources told Reuters on Thursday, and will hold further talks on this and other options ahead of its delayed policy meeting on Dec.
OPEC+ Likely to Delay Output Hikes. Oil Prices Lifted.
OPEC+ is expected to further delay its planned output hike by at least three months, providing support to oil prices, according to Commerzbank Research analysts. The cartel and its allies postponed their Sunday meeting to discuss oil production policy to next Thursday.
OPEC+ postpones meeting on oil output to December 5
The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among the group over plans to increase
OPEC 'stuck between a rock and a hard place' as planned meeting delayed
Crude oil futures fell as ceasefire boosts Middle East peace prospects. OPEC+ postpones meeting, faces production dilemma.
Oil faces uphill fight as demand woes, oversupply challenge OPEC efforts: Reuters poll
Oil prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh ...
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OPEC Fund first sustainability-linked financing to boost agriculture in Africa
The financing will enhance ETG’s working capital, strengthen food systems and support the livelihoods of more than 600,000 ...
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All Eyes on OPEC as Bearish Bias Remains Firm
Crude oil prices are poised to face bearish pressures in the short term as geopolitical risks ease and demand concerns linger ...
OPEC unlikely to raise production in short term, commodity trading bosses say
OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, ...
OPEC+ Delays Online Meeting on Supply to Dec. 5, Delegates Say
OPEC+ confirmed it will delay Sunday’s online meeting on oil production curbs to Dec. 5. OPEC’s secretariat said that the ...
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Nigeria’s oil rigs plummet 27% amid 2m bpd output target
Nigeria, Africa’s largest oil producer, is grappling with a 27 percent year-to-date drop in active oil rigs, posing a ...
Crude Oil Futures Move Higher With Eyes on OPEC
Oil futures were higher in early trade but lower on the week as some risk premium was taken out of the market with the ceasefire between Israel and Hezbollah.