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Opec expected to extend oil output cuts
OPEC+ expected to extend oil supply cuts
The OPEC oil cartel and its allies are expected Thursday to extend their supply cuts to avoid a sharp drop in prices in a global market awash in crude. Analysts at DNB bank said "there is no room for additional OPEC+ oil in 2025" on the market and a boost in output would push down crude prices.
OPEC Could Extend Production Cuts To Support Oil Prices
Oil prices have been under pressure from high interest rates, a strong dollar, and high U.S. oil production. OPEC could extend oil production cuts to support prices.
Oil Steadies as OPEC Uncertainty Counters China’s Economic Gain
Oil rose along with Asian equities on signs of a slow recovery in China’s economy, as traders look to Thursday’s OPEC+ meeting for further direction.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto,
Wall Street Journal
45m
Oil Edges Higher, Markets Eye OPEC+ Meeting
0253 GMT —
Oil
edges higher in the early Asian session, trading in a tight range. Markets are awaiting the outcome of the OPEC+ meeting, where the group is expected to delay voluntary production ...
1d
on MSN
OPEC’s Power Is Waning. That’s Bad for Oil Bulls.
OPEC+ has repeatedly stepped in to cut production and prop up prices when they start to fall below $70 per barrel. But as the ...
1d
OPEC oil output rises in November as Libya recovers, survey finds
OPEC oil output rose for a second month in November as Libya's production recovered after resolution of a political crisis, a ...
2d
OPEC Update - November 2024
Output for August 2024 was revised higher by 4 kb/d and September 2024 output was revised higher by 25 kb/d compared to last ...
1d
Pronounced oil oversupply likely if OPEC raises output, Macquarie says
While OPEC has postponed production increases originally planned for October and December, the potential for a January supply ...
6d
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 ...
2d
OPEC+ seen prolonging oil output cuts through Q1 at Thursday's meeting - report
Oil prices flat as President-elect Trump threatens to hit BRICS nations with 100% tariffs if the group backed alternatives to ...
2d
OPEC Crude Output Rises as Libya’s Recovery Offsets Iraqi Curbs
OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had shuttered ...
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