The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas Inte… ...

Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said Sunday that it would extend cuts in oil production through June, noting that it was acting “in ...

OPEC extends oil output cuts through the end of December. Published: Nov. 3, 2024 at 5:55 p.m. ET. Share. Resize. Listen (1 min) OPEC headquarters in Vienna. Photo: AFP/Getty Image.

Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month.. No ...

Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday extended their output cuts by one month.

OPEC later extended the cuts until November. Oil prices have been edging down as weak global demand overtakes the risk of a wider war in the Mideast. Feds end Ford engine probe ...

In a significant move this weekend, OPEC+ agreed to extend most of its deep oil output cuts beyond 2024. The decision, aimed at shoring up the market amid weak global oil demand, high interest ...

OPEC+ extends oil output cuts into 2025 OPEC+ has decided to prolong the 3.66 million b/d production cut (announced in 2022 and 2023) for 1 year and extend the voluntary 2.2 million b/d production ...

OPEC and its allies have yet to begin formal talks on extending voluntary oil output cuts of 2.2 million barrels per day beyond June, but three sources from OPEC+ producers said they could keep ...

Saudi Arabia and allied oil producing countries said Nov. 3 they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month.