Most Gulf markets fall as OPEC+ delays oil output hike
Most major stock markets in the Gulf fell in early trade on Monday, following a decision by OPEC+ to delay a planned December oil output increase by one month.
OPEC+ in a pickle: should the cartel increase oil output?
The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output from December.
With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.
Oil jumps nearly 3% after OPEC+ delays output hike, US election in focus
Oil prices climbed nearly 3% on Monday on OPEC+'s decision for a month's delay in plans to increase output, while investors also focused on the U.S. presidential election. Brent futures were up $1.98,
Oil futures jump after OPEC+ again delays production increases
Oil futures jumped Monday after members of OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies — said they would wait yet another month before beginning to unwind 2.
Oil Gains as OPEC+ Further Delays Output Hike
Oil prices rose after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid growing concerns about weaker global demand and lower prices.
Oil prices jump over 1% on delayed OPEC+ output hike
Oil prices rose by more than $1 in early trading on Monday after OPEC+ said on Sunday it would delay a planned December output hike by one month due to soft demand and rising supply outside the group.
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Adipec 2024: World's oil firm bosses see Middle East conflict as greatest threat
Energy leaders on Monday expressed concerns over geopolitical tension in the Middle East and the potential impact on crude supply from the region. However, they added that the outcome of the US ...
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Big Oil Chiefs See Middle East, China as Top Concerns
Escalating tensions in the Middle East and U.S. relations with China pose the greatest concerns for Big Oil, according to ...
OPEC actions increasing volatility and hampering new investment in oil and gas, Eni CEO says
OPEC+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered investment in new production, the CEO of Italian energy company Eni said on Monday.
Oil Rises; Focus on OPEC, Demand Concerns
Oil rose in early Asian trade in a possible technical rebound after having pulled backed this week amid easing geopolitical risks in the Middle East.
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Oil News: Middle East Tensions Lift Crude Prices, U.S. Inventory Build Cap Gains
While the Middle East conflict remains a risk factor, OPEC’s spare production capacity has tempered the fear premium in oil markets. OPEC+ has significant spare capacity, estimated at 5.86 ...
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Middle East crisis: How oil price outcomes will impact wider financial markets
The Middle East conflict raises concerns about oil prices and global supply, with potential inflationary effects and interest ...
Why oil prices may stall amid looming supply glut?
Even as the oil market struggles to break out of its current range, adequate supply going into 2025 is likely to keep prices ...
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Crude oil soars on raised Middle East tensions; OPEC+ output decision eyed
The potential for the conflict in the Middle East to spread, potentially hitting crude supplies from this oil-rich region, added a risk premium to the crude market. Both contracts are still set to ...
Big Oil Chiefs See Middle East Conflict and China as Top Concerns
Escalating tensions in the Middle East and US relations with China pose the greatest concerns for Big Oil, according to some ...