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 nudge higher ahead of OPEC+ meeting
Oil prices inched down amid mixed market signals on Tuesday, with traders awaiting the outcome of an OPEC+ meeting this week.
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 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,
OPEC+ seen prolonging oil output cuts through Q1 at Thursday's meeting - report
Oil prices flat as President-elect Trump threatens to hit BRICS nations with 100% tariffs if the group backed alternatives to the dollar, adding to worries over U.S. interest rates.
Oil rises on fears about Lebanon, further OPEC+ supply cuts
Oil prices rose more than 2% on Tuesday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week.
Oil prices rise ahead of OPEC+ decision this week on production cuts
Oil futures rose Tuesday morning as traders awaited a meeting of the Organization of the Petroleum Exporting Countries and its allies that’s expected to result in a further delay to the partial unwind of production cuts.
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 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 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.
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 ...
Barron's34m
Oil Futures Settle Higher on Expected OPEC+ Extension
Crude oil futures settle higher on expectations that OPEC+ will again put off planned output increases when group members meet on Thursday, possibly by as much as three months. Several geopolitical ...
Nymex Overview: Oil Futures Up on Expectations OPEC+ Will Extend Output Cuts -- OPIS
Crude-oil futures were up by about $2 on a weaker dollar and expectations OPEC members and allied producers will again extend production cuts to support prices when they meet on Thursday. The Nymex ...
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 ...
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 ...
Oil Industry to Invest, Produce Less Before Expected Demand Decline, Study Says -- OPIS
Ryan Kellogg, a scholar at the university's Energy Policy Institute, said he expects lower industry investments and falling global oil supply, bucking a belief that oil producers would accelerate near ...