With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.
OPEC+ in a pickle: should the cartel increase oil output?
The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output from December.
OPEC extends oil output cuts
The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas
Oil gains more than 2% after OPEC+ delays output hike, US election in focus
Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while the market braced for a crucial week that includes the U.S. presidential election. U.S.
Oil futures jump after OPEC+ again delays production increases
Oil futures jumped Monday after members of OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies — said they would wait yet another month before beginning to unwind 2.
Oil Gains as OPEC+ Further Delays Output Hike
Oil prices rose after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid growing concerns about weaker global demand and lower prices.
Crude Oil Futures Gain as OPEC+ Extends Output Cuts
KEY TAKEAWAYS Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday extended their output cuts by one month.Saudi Arabia and other members of OPEC+ said they agreed to keep voluntary production cuts of around 2.
The National on MSN17h
Saudi Arabia's non-oil business activity hits strongest level in six months
Business activity in the non-oil private sectors of the UAE and Saudi Arabia continued to strengthen in October, with the ...
The Associated Press - Business News on MSN2d
OPEC extends its oil output cuts by one month until the end of December
Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end ...
Saudi Aramco Q3 profit drops 15.4% amid lower oil prices
Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, ...
Saudi Arabia may cut December oil prices for Asia, sources say
Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in December, tracking weakness in ...
Business Recorder1h
Saudi Arabia cuts December light crude prices for Asia
Top oil exporter Saudi Arabia has cut the price for the flagship Arab light crude it sells to Asia in December by ...
Aramco Cuts Oil Prices to Asia for December After OPEC+ Delay
Saudi Arabia lowered oil prices for buyers in Asia for December after members of the OPEC+ producers group said they will ...
Crude Oil Prices13d
Saudi Economy Set for Strongest Growth in Years Amid OPEC+ Supply Boost
The economies of Saudi Arabia and other Gulf Cooperation Council (GCC) countries are projected to experience significant ...
OPEC’s Oil Output Recovers After Libya Resolves Political Crisis
OPEC’s oil production rose last month as Libya restored output that was halted during a brief political crisis.
Halliburton Is A Macro Barometer
Halliburton's global business is solid, but risks from OPEC+ and US slowdown may impact margins. Learn why HAL stock could ...
Crude Oil Prices1d
Aramco and ADNOC Look To Seize More Market Share in Asia
Saudi oil giant Aramco and Abu Dhabi’s ADNOC plan to expand their downstream businesses, especially in Asia, to lock in ...