OPEC’s Dilemma: Another Year of Supply Curbs or Price Slump
When OPEC+ ministers meet this weekend, they confront the unpalatable choice: continue to curb oil-supplies well into 2025, or risk a renewed price slump.
OPEC+ production cuts may support oil prices in near term, Goldman Sachs says
Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting a modest near term upside to Brent prices, Goldman Sachs said.
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.
Brent Crude - Oil Eyes Recovery As OPEC + Deliberate Oil Cut Rollover
Adding to Brent Crude’s challenges were rumors that Donald Trump may slash the red tape around oil drilling on Federal lands. There are also rumors that Trump may confront the IEA around their focus on green energy. This was another factor in the possible drop in oil prices.
Oil Prices Steady; Market Await OPEC Meeting Results
Oil prices were flat in early Asian trading. The market is waiting for the next move by OPEC, ANZ research analysts said.
Oil prices end mixed as attention turns to OPEC+ decision on crude production
U.S. and global benchmark crude prices settled mixed after a cease-fire between Israel and Iran-backed Hezbollah eliminated much of the remaining risk premium around a wider Middle Eastern conflict.
Oil holds steady, focus on Israel-Hezbollah ceasefire, OPEC+ meeting
Oil prices held steady on Wednesday as markets evaluated a ceasefire deal between Israel and Hezbollah while also anticipating Sunday's OPEC+ meeting, where the group could delay a planned increase in oil output.
Commodity Roundup: Oil steady ahead of OPEC+ meeting, platinum market to see deficit in 2025
Crude oil futures held steady on Wednesday on their way to break a two-day losing streak, while market participants expect OPEC+ to postpone production increase
Oil prices tick higher as attention turns to OPEC+ decision on crude production
Meanwhile, calls by President-elect Donald Trump and proposed cabinet members to significantly boost U.S. crude production pose a potential threat to OPEC+ market share, though sk
Oil prices steady after Israel-Hezbollah ceasefire deal as Opec+ meeting looms
Gaza Oil prices remained steady on Wednesday after Israel and Hezbollah agreed to a ceasefire, while traders weighed the possibility of Opec+ further extending output cuts. Brent, the benchmark for two thirds of the world's oil,
OPEC unlikely to raise production in short term, commodity trading bosses say
OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, ...
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OPEC is ‘not pretty happy’ about looming tariffs on oil, expert says
Power the Future founder Daniel Turner breaks down how tariffs could lead to higher oil prices during an appearance on ...
UAE accused of defying Opec oil cartel
The United Arab Emirates has been accused of defying production cuts from the Opec+ oil cartel, as tensions threaten to ...
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The Next Four Years Will Be All About Natural Gas
Lifting natural gas production is likely to be the main instrument for meeting the new administration’s energy goals as crude ...
OPEC+ Has Little Room to Revive Oil Supply, Iran Official Says
OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the US shale ...
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Tanker owners braced for fresh blow with Opec set to keep oil tap turned down
Hammer was not the only market observer to point out another delay: Goldman Sachs said the recent oil drop would prompt ...
Trump’s oil-drilling plans may pose a big problem for OPEC+
OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in ...
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OPEC Likely to Stick to Output Cuts for Another Month
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 ...
OPEC+ discusses further delay to oil output hike, sources say
OPEC+ nations are discussing a further delay to a planned oil output hike that was due to start in January, two sources from ...