Oil News: Crude Prices Rise on OPEC+ Delay, Election Impact From Trump, Harris
Oil prices see upward momentum from speculators as OPEC+ delays output. Trump vs. Harris election outcome could shape the U.S. oil outlook.
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.
OPEC+ production hike delay may signal oil price concerns, analysts say
Oil futures posted strong gains Monday after OPEC and its allies delayed plans to start unwinding production cuts by another month to the end of this year, a move analysts say will keep nearly 6M barrels off the market in December. OPEC+ had been due to ...
Libyan Oil Output Resumption Significantly Increases OPEC Output
OPEC oil production rebounded from its lowest this year thanks to Libya resolving, even if temporarily, a political crisis over control of the Central Bank
Oil rises nearly 2% after OPEC+ delays output hike, US election in focus
Oil prices climbed nearly 2% on Monday on OPEC+'s decision to delay plans to increase output by a month, while the market braced for a critical week in which Americans will elect a new president. Brent futures were up $1.
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.
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.
Shale Turns Up Heat on OPEC as Big Oil Opens Its US Taps
US shale producers are turning up the heat on OPEC again — but this time the cartel’s adversaries aren’t a bunch of ...
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OPEC extends oil output cuts through the end of December
OPEC later extended the cuts until November ... The announcement was made on the website for the OPEC+ alliance. Oil ...
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OPEC postpones plans to increase production — again
Yet again, OPEC has postponed plans to increase oil production until at least the end of the year. That drove oil futures ...
Oil trades in tight range ahead of US election result
Oil prices traded in a narrow range on Tuesday ahead of what is expected to be an exceptionally close U.S. presidential ...
'Too much doom and gloom': OPEC chief is bullish on oil demand despite extended production cuts
The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.
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 ...
Ticker: OPEC extends oil output cuts; Feds end Ford engine probe
The U.S. government’s auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company ...
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.
Oil production in Iraq fell to the agreed level in October according to a survey – Commerzbank
According to a Reuters survey, oil production in Iraq fell to just under 4 million barrels per day in October, thus meeting the requirements of the OPEC+ agreement without taking the promised ...