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+ 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.
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
Opec+ members delay planned rise in oil production
Postponing the unwinding of the cuts for another month also enables the group to delay a decision on production levels for 2025 until after the US election, analysts said. Opec+ members are due to meet in person on December 1 in Vienna, when a final decision is expected.
Oil prices edge higher as traders await U.S. election results
Oil futures edged higher in quiet trade early Tuesday as investors await the outcome of a contentious and close U.S. presidential election.
Oil rises nearly 2% after OPEC+ delays output hike, US election in focus
Oil prices climbed nearly 2% on Monday on OPEC+'s decision to delay plans to increase output by a month, while the market braced for a critical week in which Americans will elect a new president. Brent futures were up $1.
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.
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Halliburton Is A Macro Barometer
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