(Bloomberg) – Saudi Arabia is asking others in the OPEC coalition to reduce their oil production quotas in a bid to shore up global markets, but some members are resisting, delegates said. The OPEC leader […]
Nasdaq LONDON – Oil prices fell on Monday, with the Brent benchmark dropping near $80 a barrel as investors awaited this week’s OPEC+ meeting and expected curbs on supplies into 2024. Brent crude futures LCOc1 were down 35 cents, or 0.4%, […]
By Charles Kennedy of OilPrice.com Days after the International Energy Agency (IEA) said that the oil and gas industry faces “a moment of truth” in choosing between fueling climate change and becoming a part of […]
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 […]
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