The Organization of the Petroleum Exporting Countries (OPEC+) on Sunday agreed to extend output cuts through next year, likely keeping prices high through the November presidential election.
The move to forgo an in-person meeting, likely signals a “nothing to see here” production decision through year end, according to analysts at RBC Capital Markets, in a note dated May 28.
Investing.com-- Oil prices settled lower Tuesday as investors awaited fresh updates on weekly crude inventories amid ongoing worries about the impact of higher for longer U.S. interest rates on oil..
OPEC+ will hold next month’s policy meeting online rather than in person, while several delegates said they expected the group to extend its current supply cuts into the second half of the year.
NEW YORK, May 28 (Reuters) - Oil prices gained more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while the start of U.S. summer ...
Goldman Sachs analysts have deemed the recent OPEC+ meeting as bearish, citing plans to phase out extra voluntary production cuts as a key factor. Despite extending multiple layers of production ...
This article analyzes the ProShares UltraShort Bloomberg Crude Oil ETF within the context of the recent OPEC meeting and its impact on oil prices. OPEC+ extended oil production cuts to support ...
DUBAI, May 24 (Reuters) - The OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, has pushed back its output policy ...
Johannesburg, South Africa — The Republic of Congo’s Minister of Hydrocarbons Bruno Jean-Richard Itoua participated in two historic OPEC meetings on June 2, where the decision was made to ...
Oil futures are falling as the market looks to the OPEC+ weekend meeting where the group is widely expected to keep output cuts in place after the second quarter. "Softening fundamentals have ...
U.S. Oil and Gas Association President Tim Stewart reacts to Democrats asking DOJ to probe 'Big Oil' over high gas prices on 'The Bottom Line.' The Organization of the Petroleum Exporting ...
Investing.com-- Oil prices fell Tuesday on concerns high U.S. interest rates will eat into demand this year, amid continued uncertainty in the Middle East. At 08:15 ET (12:15 GMT), Brent oil futures..