Oil Prices Climb on OPEC Data and a Strong U.S. Economy
2 days ago · Earlier in the week, Reuters reported that OPEC oil production likely fell in December, based on a survey that suggested the UAE saw the largest decline in output due to field maintenance. That ...
Oil trims gains on dollar strength, tight supplies provide support
2 days ago · Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in U.S. crude stocks.
Oil falls on U.S. fuel stocks build, dollar strength - CNBC
2 days ago · Crude oil prices edged lower as the dollar strengthened on a report Trump could declare a national emergency to implement tariffs.
OPEC oil output falls in December on UAE and Iran, survey finds
3 days ago · OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab Emirates due to field maintenance and from Iran offset a hike from Nigeria ...
Key members of OPEC+ alliance are putting off ... - Associated Press News
Dec 5, 2024 · Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year.
OPEC Output Dips in December as UAE Improves Delivery of Cuts
4 days ago · OPEC’s crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at buoying global oil markets. Output from the Organization of Petroleum ...
News - OPEC
OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September. 10 Sep 2024 | Vienna, Austria, 10 September 2024--The Organization of the Petroleum Exporting Countries (OPEC) will launch the 18th edition of its World Oil Outlook (WOO) at ROG.e 2024 in Rio de Janeiro, Federative Republic of Brazil.
OPEC : Home
News: 1. OPEC daily basket price stood at $71,92 a barrel Tuesday, 10 December 2024 more; 2. ‘'Age of electricity' to follow looming fossil fuel peak’’: Analysis or Science Fiction? more; 3. OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September more
Saudi Arabia extends cut in amount of oil it sends to the world - AP News
Nov 30, 2023 · The OPEC oil cartel led by Saudi Arabia and allied producers including Russia will try to agree Thursday, Nov. 30, 2023 on cuts to the amount of crude they send to the world, with prices having tumbled lately despite their efforts to prop them up.
Saudi Arabia is slashing oil supply. It could mean higher gas prices ...
Jun 6, 2023 · FRANKFURT, Germany (AP) — Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in …