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Opec expected to extend oil output cuts

Yen on MSN · 1h

OPEC+ expected to extend oil supply cuts

The OPEC oil cartel and its allies are expected Thursday to extend their supply cuts to avoid a sharp drop in prices in a global market awash in crude.However, dissension that caused a delay in the meeting originally scheduled for Sunday has created some doubts about it being able to maintain the cuts that have propped up prices.

Wall Street Journal · 1h

Oil Edges Higher, Markets Eye OPEC+ Meeting

0253 GMT — Oil edges higher in the early Asian session, trading in a tight range. Markets are awaiting the outcome of the OPEC+ meeting, where the group is expected to delay voluntary production hikes for a third time, the ANZ Research team writes in a note.

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 extend oil production cuts to support prices.

1don MSN

OPEC’s Power Is Waning. That’s Bad for Oil Bulls.

OPEC+ has repeatedly stepped in to cut production and prop up prices when they start to fall below $70 per barrel. But as the ...

1d

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 ...

2d

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 ...

1d

Pronounced oil oversupply likely if OPEC raises output, Macquarie says

While OPEC has postponed production increases originally planned for October and December, the potential for a January supply ...

2d

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 ...

16h

Crude Oil pops above $70 as traders gauge potential surprises in OPEC+ supply plans

US President-elect Donald Trump threatens to drag the Middle-East region into a war if hostages are not released.

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