OPEC oil output rises

OPEC extends oil output cuts
The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas Intermediate crude oil.
Brent Crude - Oil Prices Rise As OPEC+ Extend Output Cuts
Oil prices opened $1 dollar higher following the weekend to trade at 73.80 a barrel when markets opened. Click to read.
OPEC extends oil output cuts through the end of December
Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month. No reason was given for the move,
OPEC oil output rises in October as Libyan supply rebounds, survey finds
OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a Reuters survey found, although a further Iraqi effort to meet its cuts pledged to the wider OPEC+ alliance limited the gain.
OPEC further cuts 2024, 2025 global oil demand forecast
The Organization of the Petroleum Exporting Countries (OPEC) further trimmed forecasts for global oil demand growth this year and next, marking the
OPEC’s Oil Output Recovers After Libya Resolves Political Crisis
OPEC’s oil production rose last month as Libya restored output that was halted during a brief political crisis.
Ticker: OPEC extends oil output cuts; Feds end Ford engine probe
The U.S. government’s auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company replaced engines or extended the warranty on some vehicles.
OPEC Extends Its Oil Output Cuts by One Month Until the End of December
Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year
'Too much doom and gloom': OPEC chief is bullish on oil demand despite extended production cuts
The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.
Eight OPEC+ members extend oil supply cuts until year end
Eight members of the OPEC+ group of oil-producing nations said on Sunday they were extending supply cuts until the end of December. The move is aimed at boosting oil prices amid uncertain demand and accelerating supply,
Marketplace2d
OPEC postpones plans to increase production — again
Yet again, OPEC has postponed plans to increase oil production until at least the end of the year. That drove oil futures ...
Report: Russia deceives OPEC on oil sales to fund Ukraine war
Russia is “flagrantly violating” its agreements with the OPEC oil cartel by concealing the true amount of oil it is producing ...
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 ...
OPEC positive on global oil demand, sees no peak on horizon
The Organization of Petroleum Exporting Countries (OPEC) is very positive on demand for oil in both the short and long term, Secretary General Haitham Al Ghais said at an energy industry event in Abu ...
Markets Insider on MSN3d
The US is pumping more oil than ever, and it's complicating things for other crude-exporting countries
US crude production notched a new monthly record in August. That's not necessarily welcome news to other countries.
Daily Wrap on MSN1d
OPEC+ delays production boost as weak demand lifts prices
The cartel of oil-producing countries expanded to include Russia, and it postponed plans for the return to increased crude production by another month. The decision to delay caused prices to rise.