OPEC oil output rises in November as Libya recovers, survey finds
19 hours ago · OPEC oil output rose for a second month in November as Libya's production recovered after resolution of a political crisis, a Reuters survey found, though members making cuts pledged to the wider ...
OPEC Crude Output Rises as Libya’s Recovery Offsets Iraqi Curbs
1 day ago · OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had shuttered its biggest oil field. The Organization of Petroleum Exporting ...
Oil Rises on Iran Crude Sanctions, OPEC+ Output Deal Progress
1 day ago · (Bloomberg) -- Oil rose the most in more than two weeks as the US imposed more sanctions targeting Iranian crude and OPEC+ made progress on a deal to keep output off the market.Most Read from ...
Oil prices nudge higher ahead of OPEC+ meeting | Reuters
1 day ago · LONDON, Dec 3 (Reuters) - Oil prices climbed nearly 1% on Tuesday, as investors hone in on the outcome of an OPEC+ meeting later this week. Brent crude futures rose 76 cents, or 1.06%, to $72.59 a ...
OPEC+ likely to prolong oil cuts for Q1, sources say | Reuters
1 day ago · A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration//File Photo Purchase Licensing Rights, opens new tab
News - OPEC
13 Jun 2024 | Vienna, Austria, 13 June 2024--In a recent article published by Energy Aspects, HE Haitham Al Ghais, OPEC Secretary General, emphasized that oil is set to play a key role in human lives for years and decades to come. “Peak oil demand is not on the horizon,” he stated.
OPEC may soon lose its sway over global oil prices, IEA says - CNN
Jun 12, 2024 · OPEC+ has been restraining output for about two years in a bid to prevent the emergence of a huge supply surplus that could depress prices and hurt the oil-dependent economies of its member...
Saudi Arabia is slashing oil supply. It could mean higher gas prices ...
Jun 6, 2023 · Leading oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in crude supplies to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide.
OPEC+ to extend deep oil production cuts into 2025 - CNN
Jun 2, 2024 · The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025. The...
OPEC Plans a Gradual Unwinding of Production Cuts
Jun 2, 2024 · It aims to bolster oil prices by promising that deep production cuts will extend through next year. But it also spells out a gradual phase out of a portion of the cuts.