OPEC, Oil

OPEC’s Power is Waning. That’s Bad for Oil Bulls.
OPEC’s control of the oil market has been diminishing over the past year, and now it seems to have nearly vanished. That is a problem for oil bulls heading into 2025.OPEC and its allies, known as OPEC+,
Oil Prices Steady; OPEC+ Meeting in Focus
Oil futures were steady in early Asian trade as market participants await the outcome of an OPEC+ meeting later this week.
Oil Steadies as OPEC Uncertainty Counters China’s Economic Gain
Oil rose along with Asian equities on signs of a slow recovery in China’s economy, as traders look to Thursday’s OPEC+ meeting for further direction.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto,
Oil Prices Rise as OPEC+ Prepares to Extend Production Cuts
OPEC+ appears to have successfully supported oil prices by suggesting it would extend its production cuts into the first quarter of 2025.
Oil prices rise ahead of OPEC+ meeting
Oil prices rose more than 1.5% on Tuesday as investors await an OPEC+ meeting expected to rubber stamp continued output cuts while a fragile ceasefire between Israel and Lebanon provided additional support.
Oil prices rise as traders await OPEC+ decision, weigh economic prospects
Oil prices headed higher on Tuesday, with traders eagerly awaiting a decision on production from major oil producers later this week against a backdrop of "significant
Oil Rises as Investors Await OPEC Meeting
Oil rose in early Asian trade. Markets were in a “wait-and-watch mode” ahead of the OPEC+ meeting this week, ANZ Research said.
Oil prices nudge higher ahead of OPEC+ meeting
Oil prices nudged higher on Tuesday but remained within a narrow trading range, as traders awaited the outcome of an OPEC+ meeting later this week. Brent crude futures rose 31 cents, or 0.4%, to $72.14 a barrel by 0704 GMT,
Oil prices rise, buoyed by upbeat China data ahead of postponed OPEC+ meeting
Oil futures rose on Monday, with upbeat manufacturing data from China lifting prospects for energy demand after a cease-fire between Israel and Iran-backed Hezbollah led to a drop in prices for the month of November.
Oil Rises on Chinese Data, OPEC+ Expectations
Oil prices rose in early European trade, supported by Chinese factory activity growth and expectations that OPEC+ will further delay its planned output hike at a meeting this week.
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OPEC Secrecy Isn’t Helping Its Exit Strategy from Production Cuts
OPEC+ faces a dilemma: easing production cuts risks further price drops below $70 per barrel, but maintaining cuts supports ...
OPEC oil output rises in November as Libya recovers, survey finds
OPEC oil output rose for a second month in November as Libya's production recovered after resolution of a political crisis, a ...
OPEC Could Extend Production Cuts To Support Oil Prices
Oil prices have been under pressure from high interest rates, a strong dollar, and high U.S. oil production. OPEC could ...
OPEC Update - November 2024
Output for August 2024 was revised higher by 4 kb/d and September 2024 output was revised higher by 25 kb/d compared to last ...
Oil steady as markets weigh higher US stockpiles, OPEC+ supply plans
Oil prices were little changed in early Asia trade on Wednesday as market participants weighed higher U.S. crude oil and fuel ...
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Kazakhstan increasing oil exports, expanding its presence in European energy market
Over 70 per cent of Kazakhstan’s oil exports go to the EU, making it the bloc’s third-largest non-OPEC supplier. Now, it’s ...
OPEC Crude Output Rises as Libya’s Recovery Offsets Iraqi Curbs
OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had shuttered ...
Crude Oil awaiting OPEC+ headlines before making a move
OPEC+ is set to meet on Thursday online to discuss what to do with its production curbs for 2025.