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.
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.
What will OPEC+ decide on oil output? Here’s why it’s complicated.
Developments in the Middle East have and worries about the prospects for global demand have fueled volatile trading in the oil market in recent weeks and that makes an upcoming decision by major oil producers known as OPEC+ even more complicated.
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.
Brent Crude - Oil Prices Rise As OPEC+ Extend Output Cuts
Oil prices opened $1 dollar higher following the weekend to trade at 73.80 a barrel when markets opened. Click to read.
Oil prices end at highest in a week after OPEC+ delays output hike by another month
Oil futures finished sharply higher Monday after OPEC+ said it would wait another month before beginning to unwind voluntary production cuts. Natural-gas prices also rallied as a potential hurricane looked to be heading into the Gulf of Mexico.
Russia's oil output at 9 million bpd as promised to OPEC+, Novak says
Russia will stick to its commitments to the OPEC+ group of leading oil producers and has reached its promised oil output level of 9 million barrels per day, Deputy Prime Minister Alexander Novak said on Wednesday.
Oil jumps nearly 3% 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.
OPEC+ Adds To Uncertainty In The Oil Market
We expect oil and European gas prices to fall throughout 2025, with both balances looking more comfortable. The macro and ...
Crude Oil Prices20h
OPEC+ Tapering Mechanisms Will Continue To Dictate Oil Prices
Commodity experts at Standard Chartered have predicted that actions by OPEC+ are likely to determine the near-and mid-term ...
Interfax7h
Decision to postpone OPEC+ increase in oil production taken ahead of reduced winter season, forecasts will be analyzed in Dec - deputy PM
The decision made by the eight OPEC+ countries to postpone an increase in oil production by a month from December is due to the onset of the reduced winter season, Russian Deputy Prime Minister ...
The Edge Singapore1d
Oil prices have yet to move significantly after Trump win; OPEC+ ‘still pulls the strings’: Rystad Energy
Trump’s second term is poised to either bring substantial shifts in US policy or reinforce continuity — both alternatives carrying far-reaching implications for global oil markets in 2025.
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 ...
Rigzone4d
Will USA Election Outcome Affect OPEC+ Policy?
Rigzone talks to representatives of Hartree Partners, the Heritage Foundation, and the American Enterprise Institute.