You Searched For "OPEC decision" and got 18 results
Sort By:
2 mins read
Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much
Prince Abdulaziz bin Salman said OPEC members are ignoring their quotas.
Filip De Mott
3 mins read
Crude oil prices may hit $100/bbl after OPEC+ decision, say analysts
Crude oil prices are expected to rise after the oil cartel OPEC+ announced their decision to extend…
1 min read
OPEC Plus will continue oil output cuts as prices remain unchanged
OPEC described the move as aiming to "achieve and sustain a stable oil market, and to provide long-…
ANI
2 mins read
Oil prices could crash 50% if OPEC+ lets output rise and doesn't extend cuts through 2024, Citi commodities research chief says
Eliminating oil production cuts would be "so painful" for OPEC that the organization is likely to s…
Filip De Mott
2 mins read
Oil prices spike 6% after OPEC's unexpected supply cut
The oil cartel announced it was slashing production by over 1 million barrels a day, shrugging off …
Phil Rosen
1 min read
OPEC+ to cut oil output by 2 million bpd from November
The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+…
1 min read
Oil prices rise after G7 nations cap the price of Russian crude at $60/barrel
Brent crude added around 1 per cent to above $86 in Asia trading. The move - which could come…
2 mins read
Oil prices drop to erase gains from OPEC's production cuts as US potentially nears deal with Iran to allow oil exports
The White House denied the report that it was nearing a deal with Iran, helping oil prices pare rec…
Matthew Fox
4 mins read
Everything you want to know as OPEC+ agrees to cut oil production
Oil prices turned higher Wednesday after OPEC and its allies agreed to slash daily oil production. …
Hallam Bullock
1 min read
There was nothing political about OPEC's production cut, UAE energy minister says
"UAE supported the technical decision of OPEC on the technical merits of that decision. And there i…
Jennifer Sor
2 mins read
Here's why the upcoming OPEC meeting will be a 'pivotal' moment as tensions simmer between Russia and Saudi Arabia over global oil supply
It's possible that Saudi Arabia brings a more assertive stance to the table when OPEC+ holds its me…
Max Adams
1 min read
The energy sector is having its best day in 6 months as oil soars after OPEC+ announces surprise production cuts
This surge follows news that OPEC+ members will be slashing oil outputs by more than 1.1 million ba…
Morgan Chittum
1 min read
Saudi Arabia hikes oil prices sharply, sending US crude futures up to a 3-month high
Aramco's price hikes sent international benchmark Brent crude oil and US benchmark West Texas Inter…
Huileng Tan
2 mins read
Oil rebounds from Friday's rout, as traders assess the impact on demand of the Omicron variant
Investors were assessing the likely damage to oil demand from the Omicron COVID-19 variant, while t…
Amanda Cooper
1 min read
The huge OPEC+ oil output cuts could push the global economy into recession, IEA warns
"Higher oil prices may prove the tipping point for a global economy already on the brink of recessi…
Zahra Tayeb
1 min read
Brace for a 'bump at the pump' as OPEC's surprise output cut could send gas prices above $4 a gallon, say analysts
A surge in gas prices due to OPEC+'s crude output cuts would come as a blow to American drivers who…
Zahra Tayeb
2 mins read
OPEC has told the EU it's 'nearly impossible' to replace Russian oil cut off by sanctions or boycotts
The EU is trying to wean itself off Russian energy on the back of the Ukraine war. It's banning Rus…
Huileng Tan
1 min read
Brace for oil prices to spike toward $100 a barrel with OPEC's cuts set to squeeze supply in time for driving season, energy analyst says
OPEC+'s surprise decision to squeeze supply in time for the driving season could boost oil prices, …