OPEC, Oil prices

OPEC’s Power is Waning. That’s Bad for Oil Bulls.
OPEC’s control of the oil market has been diminishing over the past year, and now it seems to have nearly vanished. That is a problem for oil bulls heading into 2025.OPEC and its allies, known as OPEC+,
Oil prices rise ahead of OPEC+ meeting
Oil prices rose more than 1.5% on Tuesday as investors await an OPEC+ meeting expected to rubber stamp continued output cuts while a fragile ceasefire between Israel and Lebanon provided additional support.
Oil prices rise as traders await OPEC+ decision, weigh economic prospects
Oil prices headed higher on Tuesday, with traders eagerly awaiting a decision on production from major oil producers later this week against a backdrop of "significant
Oil Rises as Investors Await OPEC Meeting
Oil rose in early Asian trade. Markets were in a “wait-and-watch mode” ahead of the OPEC+ meeting this week, ANZ Research said.
Oil prices nudge higher ahead of OPEC+ meeting
Oil prices nudged higher on Tuesday but remained within a narrow trading range, as traders awaited the outcome of an OPEC+ meeting later this week. Brent crude futures rose 31 cents, or 0.4%, to $72.14 a barrel by 0704 GMT,
Oil prices rise, buoyed by upbeat China data ahead of postponed OPEC+ meeting
Oil futures rose on Monday, with upbeat manufacturing data from China lifting prospects for energy demand after a cease-fire between Israel and Iran-backed Hezbollah led to a drop in prices for the month of November.
OPEC oil output rises in November as Libya recovers, survey finds
OPEC oil output rose for a second month in November as Libya's production recovered after resolution of a political crisis, a ...
OPEC has become 'much more sophisticated' in recent years, says strategist
John Driscoll of JTD Energy Services says that the OPEC+ meeting delay is likely due to some "internal skirmishing and ...
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Analysts Look at Upcoming OPEC+ Meeting
A statement posted on OPEC’s website in November revealed that Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, ...
OPEC Crude Output Rises as Libya’s Recovery Offsets Iraqi Curbs
OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had shuttered ...
Crude Oil Prices12h
OPEC Secrecy Isn’t Helping Its Exit Strategy from Production Cuts
OPEC+ faces a dilemma: easing production cuts risks further price drops below $70 per barrel, but maintaining cuts supports ...
OPEC Could Extend Production Cuts To Support Oil Prices
Oil prices have been under pressure from high interest rates, a strong dollar, and high U.S. oil production. OPEC could ...
Why Trump Is a Wild Card for Saudi Arabia's Hold on Oil Markets
Saudi Arabia’s sway over OPEC long meant dominance of the global oil market. But the cartel’s fractious members are pushing to pump more, in part due to the expectation of growing competition from U.S ...
OPEC Update - November 2024
Output for August 2024 was revised higher by 4 kb/d and September 2024 output was revised higher by 25 kb/d compared to last ...
FTSE 100 Live 04 December: Oil price higher ahead of OPEC meeting, index set to fall
Extensions to the operating life of four nuclear power stations have been confirmed by Centrica, which holds a 20% stake in ...
OPEC+ likely to prolong oil cuts for Q1, sources say
OPEC+ is likely at its meeting on Thursday to extend its latest round of oil output cuts until the end of the first quarter, four OPEC+ sources told Reuters, to provide additional support for the oil ...
OPEC+ output cuts extended: a difficult decision amidst market uncertainty
OPEC's hands are tied as the cartel will look to navigate indecision within the group to extend production cuts beyond 2024.
Oil Steadies as OPEC Uncertainty Counters China’s Economic Gain
Oil rose along with Asian equities on signs of a slow recovery in China’s economy, as traders look to Thursday’s OPEC+ ...