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Market Await OPEC Meeting Results
OPEC+ Delays Key Oil Policy Meeting to December 5
OPEC+ postponed its meeting on oil production plans to December 5th due to scheduling conflicts, with the group expected to maintain production cuts in the new year.
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.
OPEC+ postpones meeting on oil output to December 5
The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among the group over plans to increase output. Analysts say that if OPEC nations maintain their output cuts,
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.
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.
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.
Oil Is Largely Rangebound As Market Turns Focus to OPEC+
Oil rose after trading lower earlier in the session, remaining rangebound during reduced trading volumes due to the Thanksgiving holiday, as market watchers turn their focus to OPEC+’s next move.
Crude Oil Prices
3h
All Eyes on OPEC as Bearish Bias Remains Firm
Crude oil prices are poised to face bearish pressures in the short term as geopolitical risks ease and demand concerns linger ...
8h
OPEC+ postpones meeting to decide oil production strategy to Dec. 5, delegates say
The OPEC oil alliance has postponed a meeting to decide the next steps of its crude production strategy to Dec. 5, two ...
4h
Crude Oil sees small gains as OPEC+ delays its Output Policy Meeting
The US Dollar Index bounces off support after traders took profit in their Greenback rally.
1d
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, ...
1d
on MSN
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 ...
6h
Oil News: Inventory Surprises and OPEC Meeting Delay Cloud Outlook
Unexpected U.S. gasoline build dampens oil demand outlook. OPEC+ meeting delay adds to uncertainty for crude oil futures.
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