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 extend oil production cuts to support prices.
OPEC+ likely to prolong oil cuts for Q1, sources say
OPEC+ is likely at its meeting on Thursday to extend its latest round of oil output cuts until the end of the first quarter, four OPEC+ sources told Reuters, to provide additional support for the oil market.
OPEC+ Postpones Meeting On Oil Output To December 5
The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among the group over plans to increase output.
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 output rollover at its next meeting. It is difficult to prejudge,” Parviz Shahbazov told the publication.
OPEC+ may stick with deep oil cuts for longer due to weak demand
OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more,
OPEC+ production cuts may support oil prices in near term: Goldman Sachs
OPEC+, which includes members of the OPEC and allies such as Russia, is discussing a further delay to a planned oil output hike that was due to start in January
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 prices.
Oil prices rise, buoyed by upbeat China data ahead of postponed OPEC+ meeting
Oil futures rose on Monday, with upbeat manufacturing data from China lifting prospects for energy demand after a cease-fire between Israel and Iran-backed Hezbollah led to a drop in prices for the month of November.
Oil Rises; Focus on OPEC+ Meeting
Oil rises in early Asian trade with traders focus on the coming OPEC+ production policy meeting on Thursday. ING strategists Warren Patterson and Ewa Manthey expect the OPEC+ meeting to discuss output policy for 2025,
OPEC+ output cuts extended: a difficult decision amidst market uncertainty
OPEC's hands are tied as the cartel will look to navigate indecision within the group to extend production cuts beyond 2024.
OPEC Faces Strategic Decisions As Oil Market Challenges Intensify
OPEC and its allies, collectively known as OPEC+, are grappling with crucial decisions as global oil markets display signs of ...
Rigzone4d
Market Circumstances Not Supportive of OPEC+ Cut Unwind, StanChart Says
We think the best strategy is a delay in unwinding, perhaps even well beyond the end of Q1', Standard Chartered analysts said ...
OPEC+ may extend output cuts to prevent oil glut: UBS
OPEC and allies are expected to extend its voluntary production cuts beyond December, analysts at UBS were quoted in a report ...
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.