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 hike remains. Macquarie noted it “would be surprised to see OPEC announce the return of supply for Jan. '25; surprised, but not shocked.”
OPEC+ has repeatedly stepped in to cut production and prop up prices when they start to fall below $70 per barrel. But as the ...
A single bank sold a large volume of U.S. oil futures contracts in early afternoon trading on Wednesday, a person with direct ...
Oil prices have been under pressure from high interest rates, a strong dollar, and high U.S. oil production. OPEC could ...
Pressure from uncertainty a day ahead of a decision by major oil producers on output levels contributed to a decline in oil prices Wednesday, even as weekly U.S. data revealed a crude inventory ...
OPEC oil output rose for a second month in November as Libya's production recovered after resolution of a political crisis, a ...
Oil rose along with Asian equities on signs of a slow recovery in China’s economy, as traders look to Thursday’s OPEC+ ...
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 prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh ...
OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had shuttered ...
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