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OPEC, Donald Trump
OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price Slump
When OPEC+ ministers meet this weekend, they confront the unpalatable choice: continue to curb oil-supplies well into 2025, or risk a renewed price slump.
Oil prices rise as investors weigh OPEC+ discussions, Trump tariffs
Oil prices rose on Tuesday as investors eyed OPEC+ discussions on output and weighed the potential impact of U.S. President-elect Donald Trump's planned trade tariffs on Mexico and Canada. Brent crude futures were up 66 cents,
Oil producers warn Trump tariffs on Canada will push up US petrol prices
Donald Trump’s plan to slap punitive tariffs on Canadian imports will drive up prices for American motorists, oil producers warned, as companies scrambled to respond to the US president-elect’s threats.
Oil, OPEC and Israel
Oil prices are steady, OPEC sets meeting to talk turkey
Crude oil prices have stabilized in recent weeks as traders gear up for a meeting of OPEC and its allies. There are signs that OPEC and its partner oil producing countries will once again put off restoring some output. But at the same time, a cease-fire agreement between Israel and Hezbollah has eased geopolitical risk.
Oil holds steady, focus on Israel-Hezbollah ceasefire, OPEC+ meeting
Oil prices held steady on Wednesday as markets evaluated a ceasefire deal between Israel and Hezbollah while also anticipating Sunday's OPEC+ meeting, where the group could delay a planned increase in oil output.
Oil Inches Higher as Market Assesses Israel-Hezbollah Cease-Fire Deal
Oil edged higher in early European trade after Israel and Hezbollah reached a cease-fire deal and as markets await OPEC+’s next policy move.
22h
OPEC unlikely to raise production in short term, commodity trading bosses say
OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, ...
22h
Brent Crude - Oil Eyes Recovery As OPEC + Deliberate Oil Cut Rollover
Adding to Brent Crude’s challenges were rumors that Donald Trump may slash the red tape around oil drilling on Federal lands.
Crude Oil Prices
3h
Goldman Sachs: OPEC+ Cuts Provide Near-Term Upside to Oil Prices
OPEC+ is expected to extend its production cuts into 2025, which Goldman Sachs sees as providing near-term support for oil ...
12h
OPEC+ production cuts may support oil prices in near term, Goldman Sachs says
Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting a modest ...
TradeWinds
4h
Tanker owners braced for fresh blow with Opec set to keep oil tap turned down
Hammer was not the only market observer to point out another delay: Goldman Sachs said the recent oil drop would prompt ...
19h
on MSN
Trump’s oil-drilling plans may pose a big problem for OPEC+
OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in ...
1d
OPEC+ Has Little Room to Revive Oil Supply, Iran Official Says
OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the US shale ...
Crude Oil Prices
1d
OPEC Likely to Stick to Output Cuts for Another Month
OPEC will likely remain committed to production curbs for yet another month, the energy minister of Azerbaijan told Reuters ahead of the group’s Sunday meeting. “OPEC+ could or couldn't discuss oil ...
6d
on MSN
OPEC Secretary General issues heavenly message at COP29 - oil is 'gift of God'
Breaking from the general sentiment at the COP29 climate summit in Azerbaijan, which seeks to accelerate the phaseout of ...
Punchng on MSN
1d
Nigeria’s oil production above OPEC quota – NNPC
The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Authority say the country’s ...
Zawya
1d
OPEC Fund extends $30mln to Ipak Yuli Bank to boost local businesses in Uzbekistan
The OPEC Fund for International Development (the OPEC Fund) has signed a US$30 million loan agreement with Joint Stock ...
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