Oil Update - October 2024
My expectation for November’s West Texas Intermediate (WTI) oil prices is that WTI should range between $65 and $75 per ...
OPEC sticks to output policy as Iraq, Kazakhstan, and Russia pledge to offset overproduction
Despite rising geopolitical tensions, the Organization of the Petroleum Exporting Countries (OPEC) held a panel meeting ...
Marketplace11d
OPEC postpones plans to increase production — again
“If oil drops down to $50 a barrel, they’re going to be having some difficult times, continuing production and meeting their financial obligations,” he said. On the other hand, if OPEC ...
MercoPress5d
What does the next OPEC meeting have in store?
The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with ...
MarketWatch1mon
OPEC objects to report about Saudi minister’s warning about production cuts
“The article falsely reported that a conference call took place in which ... they fail to comply with agreed production cuts,” OPEC wrote on social-media platform X, adding that “no such ...
Transport Topics15d
OPEC+ Won’t Bring Back Oil Production This Year, Rystad Says
OPEC and its allies aren’t likely to bring ... Rystad’s head of oil trading and downstream analysis, said at a conference in Houston. The producer group led by Saudi Arabia and Russia would ...
OPEC’s Oil Output Recovers After Libya Resolves Political Crisis
OPEC’s oil production rose last month as Libya restored output that was halted during a brief political crisis.
Al Bawaba News1mon
OPEC's Major Milestones Throughout Its 60 Years
June’s History Meeting A meeting was held between OPEC and the EU in June 2005 to reinforce cooperation and transparency. At the meeting, OPEC was represented by Nigeria, Kuwait and ...
Forbes2mon
Why OPEC’s Decisions Impact The U.S.
September 27, 2016. Oil prices rose modestly ahead of a meeting of producers from the Organization of the Petroleum Exporting Countries (OPEC) cartel and Russia in Algeria on September 28 that ...
Seeking Alpha1mon
OPEC lowers global oil demand growth outlook for third straight month
OPEC now expects demand to grow by 1.93M bbl ... China's finance minister laid out spending plans at a news conference on Saturday, but did not elaborate on the size of the stimulus package.
Radio Pakistan1mon
Ministers from OPEC and non-OPEC members to hold virtual conference on Monday
The ministers from Organization of the Petroleum Exporting Countries and non-OPEC members will hold virtual conference today (Monday) to decide output policy. Saudi Arabia’s Energy Minister Prince ...