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.
Oil prices end at highest in a week after OPEC+ delays output hike by another month
Oil futures finished sharply higher Monday after OPEC+ said it would wait another month before beginning to unwind voluntary production cuts. Natural-gas prices also rallied as a potential hurricane looked to be heading into the Gulf of Mexico.
Oil Summit Opens with Pledge to Boost Output Despite Price Drop
The UAE pledged to invest in "more resources in the future" to make sure the world will have "adequate oil and gas supplies."
Crude Oil Futures Gain as OPEC+ Extends Output Cuts
KEY TAKEAWAYS Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday extended their output cuts by one month.Saudi Arabia and other members of OPEC+ said they agreed to keep voluntary production cuts of around 2.
Oil Prices Edge Higher on Extended OPEC Cuts. Why the Boost May Not Last.
Crude is still down substantially over the last 12 months. U.S. producers have kept output high and China’s economic slump is denting demand.
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.
Oil Prices Rise After OPEC+ Decides To Extend Production Cuts Till December: Retail Goes Bullish
Oil prices gained over 2% on Monday after the Organization of the Petroleum Exporting Countries plus Russia and other allies (OPEC+) said it would extend its output cut till December. OPEC said in a statement that the eight OPEC+ countries Saudi Arabia,
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Adipec 2024: Middle East tension emerges as main concern for global energy players
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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.
With Oil Prices Weak, OPEC Plus Postpones Increases Again
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Why oil prices may stall amid looming supply glut?
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Middle East crisis: How oil price outcomes will impact wider financial markets
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3 Energy Stocks Poised for Strong Growth as Oil Prices Surge
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Analysis: why oil prices are likely to stay low after Israel’s limited strike
Oil prices are likely to remain subdued as Israel's limited strike on Iran removes the risk premium built up over the last ...
Oil Rebounds From Two-Day Slump With Middle East Back in Focus
(Bloomberg) -- Oil rebounded with traders focused on Middle East tensions and tightening US crude stockpiles.
DBO: Oil Geopolitical Premium Is Evaporating, But Probably Not For Long
The Invesco DB Oil Fund ETF offers exposure to WTI oil futures market. Click here to find out the reasons why to pick and why ...