Marketplace2d
OPEC postpones plans to increase production — again
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The New York Times5d
With Oil Prices Weak, OPEC Plus Postpones Increases Again
Prices for U.S. crude also rose about 2 percent to above $71 a barrel. OPEC Plus had first announced in June that it would gradually increase production by an estimated 2.2 million barrels a day ...
AOL5d
OPEC extends its oil output cuts by one month until the end of December
In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.
Bloomberg L.P.6d
Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost
Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost Exxon, Chevron, Shell, BP post production gains as crude drops OPEC plans to add barrels to the market starting in December ...
Boston Herald4d
Ticker: OPEC extends oil output cuts; Feds end Ford engine probe
In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.
Rigzone4d
OPEC Plus Delays Production Increase as Crude Prices Struggle
according to a statement posted on OPEC’s website on Sunday. They had already postponed the restart from October as faltering demand in China and swelling supplies from the Americas pressure prices.
Reuters4d
OPEC actions increasing volatility and hampering new investment in oil and gas, Eni CEO says
Oil prices were up by over 2.8% by 1216 GMT on Monday. "As soon as (OPEC) say we're going to release some production, the price went down immediately. Now they say we postpone until the end of the ...
Crude Oil Prices5d
Oil Prices Spike After OPEC+ Postpones Production Cut Increase
ING and other forecasters had assumed the Saudis and OPEC would rather risk even lower prices with additional supply in order to regain market share. This clearly wasn’t the case. Therefore ...
Financial Post4d
Oil rises as OPEC+ delays production hike and Iran escalates retaliatory rhetoric
“Concerns that OPEC was poised to oversupply a fragile market have been weighing significantly on sentiment,” RBC Capital Markets LLC analysts including Helima Croft said in a Nov. 3 note. “A ...
CNN on MSN1d
Rare pair of Ming Dynasty jars smash auction estimate, selling for $12.5 million
A pair of rare Ming Dynasty fish jars dating from the 16th century have sold for £9.6 million ($12.5 million) at auction, ...
Associated Press4d
OPEC extends its oil output cuts by one month until the end of December
No reason was given for the move, which comes ahead of the U.S. presidential election on Tuesday. In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would ...