OPEC+ production hike delay may signal oil price concerns, analysts say
OPEC+ had been due to increase monthly output by 180K bbl/day starting in December, but the mere one-month extension on its own should make only a small difference to global oil supply. But the extension through the end of 2024 "casts doubt on the group's ...
Oil jumps nearly 3% after OPEC+ delays output hike, US election in focus
Oil prices climbed nearly 3% on Monday on OPEC+'s decision for a month's delay in plans to increase output, while investors also focused on the U.S. presidential election.
Oil prices rise over 2% after OPEC+ delays production increase by another month
Oil futures saw strong gains Monday after the Organization of the Petroleum Exporting Countries said members would wait yet another month before beginning to unwind production cuts.
Why OPEC+ Delayed Its Planned Oil Production Increase
OPEC+ has delayed its planned production increase for a second time, citing market conditions and geopolitical uncertainties.
OPEC+ agrees to delay December output hike for one month
OPEC+ has agreed to delay a planned December oil output increase by one month, the group said on Sunday, as weak demand notably from China and rising supply outside the group maintain downward pressure on the oil market.
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.
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.
Oil jumps 2% as OPEC+ delays adding supply to market
Oil futures jumped nearly 2% on Monday after OPEC+ announced it would delay unwinding production cuts by a month and traders digested a new report that said Iran is planning a "strong and complex" attack against Israel.
Oil gains 3% after OPEC+ delays output hike, US election in focus
Oil prices rose about 3% 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. Democratic candidate Kamala Harris and Republican Donald Trump remain virtually tied in opinion polls ahead of Tuesday's Election Day,
OPEC+ Output Hike Delay Signals Price Concerns
Crude futures were more than 2% higher in Europe but DNB Markets said OPEC+’s decision to further delay its planned production increase indicates the group isn’t comfortable with oil prices in the low $70s.
Interfax1h
OPEC+ extends voluntary oil production cuts by 2.2 mln bpd until late Dec
MOSCOW. Nov 5 (Interfax) - Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman are extending voluntary oil production cuts by 2.2 million bpd for one month until the ...
Investopedia on MSN17h
Crude Oil Futures Gain as OPEC+ Extends Output Cuts
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 ...
Oil strategy, Nov 5: How to trade crude oil as Opec+ delays production hike
While we still see oil market to remain in surplus despite of Opec+ making efforts to extend the cuts, we remain confident ...
OPEC+ is ‘very realistic’ on oil demand, Dan Yergin says
Daniel Yergin of S&P Global discusses the OPEC+ output hike delay. Saturday Night Live’s Bowen Yang and Chappell Roan hold ...
Rigzone15h
Will USA Election Outcome Affect OPEC+ Policy?
Rigzone talks to representatives of Hartree Partners, the Heritage Foundation, and the American Enterprise Institute.
Crude Oil: Geopolitical Risks, OPEC+ Discord May Spark Potential Plunge Below $67
Crude oil traders brace for potential volatility amid geopolitical tensions and OPEC+ disagreements. Key support and ...
Crude Oil Prices5d
Oil Traders Uncertain as OPEC+ Weighs December Surprise
Uncertainty surrounds OPEC+ production plans for December, with traders divided and the group facing challenges like lower ...
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 ...