OPEC, Oil Prices

Oil prices end at highest in a week after OPEC+ delays output hike by another month
Oil futures saw strong gains Monday after the Organization of the Petroleum Exporting Countries said members would wait yet another month before beginning to unwind production cuts.
With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.
Oil Prices Spike By Over 3% As OPEC+ Delays Production Increases Ahead Of US Elections: 5 Energy ETFs To Watch Monday
The Biden-Harris administration has imposed extensive sanctions on Russia; a second Trump administration would likely nix those sanctions.
Oil prices jump over 1% on delayed OPEC+ output hike
Oil prices rose by more than $1 in early trading on Monday after OPEC+ said on Sunday it would delay a planned December output hike by one month due to soft demand and rising supply outside the group.
OPEC+ members delay planned increase in oil production, FT reports
Members of OPEC+ have delayed a plan to start raising oil production until the end of the year amid a plan to revive crude prices that have
OPEC+ delays production boost as weak demand lifts prices
The cartel of oil-producing countries expanded to include Russia, and it postponed plans for the return to increased crude production by another month. The decision to delay caused prices to rise. According to Reuters,
OPEC+'s again delayed output hike shows soft demand reality
Geopolitical uncertainty will probably garner the lion's share of the blame for OPEC+'s decision to once again delay raising crude oil output, but weak demand, especially in Asia, is more significant.
Crude oil prices today: WTI is trading at $71.26
WTI futures traded around $71.26 per barrel, as of 9 a.m. ET. That’s an increase of 0.79% in the last 24 hours.
Russia's oil revenue plummeted 29% in October amid volatile global crude prices
One of Russia's largest revenue sources took a hit in October, with oil revenue falling nearly 30% on an annual basis.
Iran oil prices to China at multi-year high after exports fall, sources say
Discounts on Iranian crude oil sold to China are at their tightest in around five years as lower exports drive up prices amid ...
The Associated Press - Business News on MSN1d
The UAE Opens Its Annual Oil-And-Gas Summit, Pledging to Increase Output Even as Prices Have Fallen
The United Arab Emirates has opened its annual oil-and-gas summit with pledges to increase energy output even as global ...
U.S. oil prices top $70 in electronic trading on risk of Iranian strike on Israel
Oil futures finished higher on Thursday and U.S. prices extended those gains to top $70 a barrel in electronic trading, as ...
Oil prices settle up slightly on Iran worries, but prices down for week
NEW YORK, Nov 1 (Reuters) - Oil prices edged up on Friday on reports Iran was preparing a retaliatory strike on Israel ...
The Associated Press on MSN8d
Oil prices fall as reality of weak global demand overtakes risk of wider war in Middle East
Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites ...
TotalEnergies’ Profit Drops More Than Expected as Oil Prices Fall
TotalEnergies SE reported a bigger-than-expected drop in profit for the third quarter as refining margins and oil prices fell ...
Oil trades in tight range ahead of US election result
Oil prices traded in a narrow range on Tuesday ahead of what is expected to be an exceptionally close U.S. presidential ...