Investing LONDON – Oil prices tanked 4% on Wednesday as OPEC+ producers unexpectedly delayed a meeting on output planned for Sunday, raising questions about the future course of crude production cuts. Source: Reuters futures was […]
Oil Price OPEC’s third-largest producer, the United Arab Emirates (UAE), could raise its oil output next year as it has won a higher quota under the OPEC+ agreement. Source: Oil Price The UAE, OPEC’s third-biggest […]
Investing Brent and U.S. crude futures climbed more than 2.5%, gaining $2 a barrel on Monday, as further supply cuts in OPEC+ production are expected in the coming weeks. Source: Reuters Brent crude futures were up $2.19 to […]
CNBC Oil prices rose on Friday, a day after sinking 5% to a four month-low on growing worries about burgeoning non-OPEC supply and cooling demand. The West Texas Intermediate contract for December rose $2.21, or 3.03%, to $75.11 […]
Oil Price Goldman Sachs expects OPEC to not let oil prices slide too much below $80 per barrel next year and use its pricing power to keep them in the $80-$100 range, the bank said […]
Daily Standup Top Stories China LNG deals come at an environmental cost November 13, 2023 Mariel Alumit China’s LNG deal-making has been gaining momentum, even amid international calls to pull back on gas development due to greenhouse gas […]
(Bloomberg) – As oil prices languish near a three-month low, forecasters are already predicting that Saudi Arabia won’t sit idle. The OPEC+ leader is likely to extend its 1 MMbpd production cut — introduced over […]
World Oil (Bloomberg) – OPEC+ still has a positive outlook for growth in oil demand, despite the headwinds faced by the global economy, as it prepares for its next ministerial meeting. “The economy, despite the challenges, […]
Iran has urged OPEC members to halt oil exports to countries supporting Israel, echoing the 1973 oil embargo, which dramatically increased oil prices and altered global economies. The call for an embargo is a response […]
US crude oil production hit a record in August with 13.05 million barrels per day, even as the number of rotary US oil rigs declined. The Permian basin has been the focal point for US […]
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