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OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price Slump
When OPEC+ ministers meet this weekend, they confront the unpalatable choice: continue to curb oil-supplies well into 2025, or risk a renewed price slump.
Goldman Sachs: OPEC+ Cuts Provide Near-Term Upside to Oil Prices
OPEC+ is expected to extend its production cuts into 2025, which Goldman Sachs sees as providing near-term support for oil prices.
Trump’s oil-drilling plans may pose a big problem for OPEC+
OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in global oil supplies next year — and as U.S. President-elect Donald Trump’s “drill,
OPEC+ Has Little Room to Revive Oil Supply, Iran Official Says
OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the US shale industry, Iran’s representative to the group said.
Fox Business on MSN
3h
OPEC is ‘not pretty happy’ about looming tariffs on oil, expert says
Power the Future founder Daniel Turner breaks down how tariffs could lead to higher oil prices during an appearance on ...
1d
OPEC unlikely to raise production in short term, commodity trading bosses say
OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, ...
3h
on MSN
UAE accused of defying Opec oil cartel
The United Arab Emirates has been accused of defying production cuts from the Opec+ oil cartel, as tensions threaten to ...
WSB Radio
7h
Oil prices are steady, OPEC sets meeting to talk turkey
Crude oil prices have stabilized in recent weeks as traders gear up for a meeting of OPEC and its allies. There are signs ...
1d
Brent Crude - Oil Eyes Recovery As OPEC + Deliberate Oil Cut Rollover
Adding to Brent Crude’s challenges were rumors that Donald Trump may slash the red tape around oil drilling on Federal lands.
1d
OPEC+ discusses further delay to oil output hike, sources say
OPEC+ nations are discussing a further delay to a planned oil output hike that was due to start in January, two sources from ...
TradeWinds
10h
Tanker owners braced for fresh blow with Opec set to keep oil tap turned down
Hammer was not the only market observer to point out another delay: Goldman Sachs said the recent oil drop would prompt ...
Crude Oil Prices
1d
OPEC Likely to Stick to Output Cuts for Another Month
OPEC will likely remain committed to production curbs for yet another month, the energy minister of Azerbaijan told Reuters ahead of the group’s Sunday meeting. “OPEC+ could or couldn't discuss oil ...
2d
OPEC+ to hold Dec 1 oil policy meeting online, sources say
OPEC+ will hold its Dec. 1 oil policy meeting online, two OPEC+ sources said on Monday, with the producer group set to ...
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