Oil prices are steady, OPEC sets meeting to talk turkey
Crude oil prices have stabilized in recent weeks as traders gear up for a meeting of OPEC and its allies. There are signs that OPEC and its partner oil producing countries will once again put off restoring some output. But at the same time, a cease-fire agreement between Israel and Hezbollah has eased geopolitical risk.
When OPEC+ ministers meet this weekend, they confront the unpalatable choice: continue to curb oil-supplies well into 2025, ...
OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, ...
Crude oil inventories in the US fell more than expected in the week ended November 22 as imports plunged, the US EIA said.
The United Arab Emirates has been accused of defying production cuts from the Opec+ oil cartel, as tensions threaten to ...
Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting a modest ...
The Secretariat said that the postponement is owing to several ministers attending the summit in Kuwait.
Adding to Brent Crude’s challenges were rumors that Donald Trump may slash the red tape around oil drilling on Federal lands.
OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the US shale ...
OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in ...
OPEC will likely remain committed to production curbs for yet another month, the energy minister of Azerbaijan told Reuters ahead of the group’s Sunday meeting. “OPEC+ could or couldn't discuss oil ...
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OPEC is ‘not pretty happy’ about looming tariffs on oil, expert saysPower the Future founder Daniel Turner breaks down how tariffs could lead to higher oil prices during an appearance on ...
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