Oil jumps nearly 3% after OPEC+ delays output hike, US election …
1 day ago · Iran has approved a plan to increase oil production by 250,000 barrels per day, the oil ministry's news website Shana reported on Monday. Libya's oil production is nearing 1.5 million bpd, the ...
‘Too much doom and gloom’: OPEC chief is bullish on oil demand …
1 day ago · The head of oil producer alliance OPEC brushed off what he called "pessimistic" forecasts of dwindling crude demand in the coming year. OPEC expects oil demand growth at 1.9 million barrels a day ...
OPEC+ agrees to delay December output hike for one month
1 day ago · OPEC+ has agreed to delay a planned December oil output increase by one month, the group said on Sunday, as weak demand notably from China and rising supply outside the group maintain downward ...
With Oil Prices Weak, OPEC Plus Postpones Increases Again
1 day ago · On Monday, prices of Brent crude, the international benchmark, rose 2.7 percent to $75 a barrel. Prices for U.S. crude also rose about 2 percent to above $71 a barrel. OPEC Plus had first ...
OPEC oil output rises in October as Libyan supply rebounds, …
22 hours ago · 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 ...
Latest Oil Prices, Market News and Analysis for Nov. 4 - Bloomberg
1 day ago · November 4, 2024 at 9:52 AM PST. Translate. Oil advanced after OPEC+ agreed to push back its December production increase by one month and traders braced for jumpy trading ahead of the US election ...
OPEC : Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait ...
1 day ago · The OPEC Secretariat noted that the eight OPEC+ countries Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, which previously announced additional voluntary adjustments in April and November 2023, have agreed to extend the November 2023 voluntary production adjustments of 2.2 million barrels per day for one month until the end of December 2024.
OPEC’s Supply Delay Will Do Little to Stop Oil’s Slide
1 day ago · Brent crude is up more than 2% today, trading near $75 a barrel, following OPEC+’s decision over the weekend. But the gains look fragile. Oil watchers from trading giant Trafigura Group to ...
Oil Gains as OPEC+ Further Delays Output Hike - WSJ
1 day ago · Nov. 4, 2024 4:45 am ET. Share. Resize. Oil prices gained after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid growing concerns about weaker ...
Oil prices rise over 2% after OPEC+ delays production increase by ...
1 day ago · In a news release posted Sunday, OPEC said that Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, would extend voluntary cuts totaling 2.2 million ...