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November 21, 2023
Oil markets are on edge ahead of this weekends OPEC+ meeting, with rumors that the group may deepen cuts if OPEC members are able to agree on them.
November 21, 2023
ALBAWABA โ Contrary to the usual trend, oil prices fell about 1 percent on Tuesday against a weaker US dollar as markets hold for the upcoming OPEC+ mee
November 21, 2023
Russia Oil: Ministers from OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, meet on Sunday in Vienna.
November 21, 2023
Oil price expectations: OPEC+ production at 38.2 million barrels amid rising economic Concerns
November 21, 2023
Crude oil futures settled slightly lower on Tuesday after posting gains in the previous two sessions. Traders are awaiting the upcoming meeting of OPEC+, scheduled to take place on Sunday (November 26).
November 20, 2023
Oil Futures: Brent crude futures climbed 11 cents, or 0.1 per cent, to USD 80.72 a barrel by 0012 GMT while US West Texas Intermediate crude was at USD 75.97 a barrel, up 8 cents. The front-month December contract expires later on Monday while the more active January futures gained 13 cents, or 0.2 per cent, at USD 76.17 a barrel.
November 20, 2023
Oil prices continued to climb at the start of the week amid mounting expectations that OPEC+ will deepen its voluntary production cuts.
November 20, 2023
Oil Prices: OPEC was founded in 1960 in Baghdad by Iraq, Iran, Kuwait, Saudi Arabia and Venezuela with an aim of coordinating petroleum policies and securing fair and stable prices. Now, it includes 13 countries, which are mainly from the Middle East and Africa. They produce around 30% of the worlds oil.
November 20, 2023
The United Arab Emirates could raise its oil production next year as it has secured a higher quota under the OPEC+ agreement.
November 19, 2023
ALBAWABA โ As oil prices have fallen 20 percent since late September, OPEC+ is considering more oil cuts to be decided at the next OPEC+ meeting this mo