OPEC, Oil
OPEC Weighs Production Cuts That Could Boost Gas Prices Well Into Final Months of Presidential Campaign
Price increases in the July-September quarter would come as the election campaign between Presidents Biden and Trump gets into full swing.
OPEC to Meet Amid Signs of Waning Influence on Oil Prices
Major producers, including Saudi Arabia and Russia, are set to gather virtually on Sunday. They are expected to maintain production cuts amid signs of a softening market.
Opec expected to prolong oil cuts into 2025
London/Dubai Opec+ is expected to agree to prolong its deep oil output cuts into 2024 and possibly 2025, two oil cartel sources said as the group seeks to shore up the market amid tepid global demand growth, high interest rates and rising rival US production.
Oil Production Capacities Could Be OPEC's Next Big Dispute
Independent assessments of oil production capacity could reignite internal conflicts within OPEC+ ahead of its critical meeting this week.
OPEC Struggles to Maintain Control Over Oil Prices
Despite deep production cuts, OPEC is struggling to hold oil prices high amid concerns over global demand growth and elevated
OPEC+ extends oil output cuts into 2025
The Organization of the Petroleum Exporting Countries and its allies agreed Sunday to extend a voluntary production cut of 2.2 million barrels of crude oil a day into 2025.
OPEC+ Agrees to Extend Production Cuts in Bid to Boost Oil Prices
The deal comes the same day Saudi Arabia launches a share sale for Aramco, yielding billions for the country’s economic transformation.
Oil alliance OPEC+ extends production agreement into 2025
The influential Organization of the Petroleum Exporting Countries and its allies on Sunday agreed to extend its official crude output agreement into 2025.
OPEC+ Extends Output Cuts To Support Prices Until End Of 2025: Statement
The OPEC+ group of oil-producing nations agreed Sunday to extend their current production cuts until the end of 2025 in a bid to support prices.
OPEC+ extends production cuts until end of 2025
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have agreed to extend voluntary production cuts amounting to 2.2 million barrels per day until the end of 2025.
Democratic senators seek probe of allegations of collusion between OPEC and oil industry
U.S. Senate Majority Leader Chuck Schumer and 22 other Democratic Senators on Thursday asked the Attorney General to ...
Senate Democrats accuse oil companies of collusion with OPEC, demand DOJ investigation
Nearly two dozen Democratic senators, led by Majority Leader Chuck Schumer, D-N.Y., wrote a letter to the Justice Department ...
Marketplace1d
What goes into OPEC’s decision-making?
OPEC+ members will decide whether to continue voluntarily cutting production by about 2 million barrels per day.
Expect OPEC to roll over supply quota at June meeting: Analyst
As the OPEC+ meeting is set to take place this weekend, TD Cowen Sustainability and Energy Transition Director Jason Gabelman ...
House Democrats investigate whether Big Oil colluded with OPEC to inflate gas prices
Congressional Democrats are investigating whether leading US oil companies have illegally colluded with each other and with ...
Nymex Overview: Futures Mixed Before OPEC Meeting; Products Eye Weekly Loss -- OPIS
Petroleum futures were little changed by midday Friday, ahead of a closely watched OPEC+ meeting this weekend, while refined products are on track to post ...
TradeWinds2d
Opec production decision not expected to be tanker rate driver once expected
Pareto Securities analyst Tom Erik Kristiansen said if those cuts are prolonged through the end of the year, International ...
Saudi Arabia invites OPEC+ ministers to Riyadh for June 2 meeting, sources say
Saudi Arabia has invited OPEC+ oil ministers to Riyadh to hold their June 2 policy meeting in person, sources from the ...