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Baystreet.ca - Can OPEC+ Boost Oil Prices Next Year?

OPEC+ disappointed the oil bulls last week by announcing voluntary cuts from several producers and failing to agree on a group-wide supply reduction, at least for the first quarter of 2024, when demand is typically at its lowest.

The alliance and ...

Saudi-arabia , Russia , Iran , China , Chinese , Saudi , Warren-patterson , Alexander-novak , Tsvetana-paraskova , Saudi-arabia-energy , Key-to-oil-prices , Paul-sankey-at-research

COP28 Draft Text Highlights Division Over a Fossil Fuel Phase-Out

The latest version of the COP28 draft text published by the UN shows that the phase-out of fossil fuels remains a contentious issue.

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UN slams COP28 'posturing' as negotiators spar over ending fossil fuels

UN slams COP28 'posturing' as negotiators spar over ending fossil fuels
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World divided at COP28 over whether to end fossil fuel era

Diplomats say opposition to a full fossil fuel phaseout is led by Russia, Saudi Arabia, and China, which is the world's biggest carbon emitter

Colombia , United-states , Russia , Ethiopia , Dubai , Dubayy , United-arab-emirates , Norway , Abu-dhabi , Abuz-aby , Chile , Canada

OPEC's oil output dips on low shipment from Nigeria, Iraq

OPEC's oil output dips on low shipment from Nigeria, Iraq
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Future of fossil fuels sparks fiery debate at COP28 climate summit

Future of fossil fuels sparks fiery debate at COP28 climate summit
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Baystreet.ca - OPEC's Oil Output Drops for the First Time Since July

OPEC’s crude oil production dropped in November for the first monthly decline since July as Nigeria and Iraq saw lower shipments, the monthly Reuters survey found on Wednesday.

OPEC produced 27.81 million barrels per day (bpd) of crude last month, ...

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Russia and Saudi Arabia Call On OPEC+ Members to Join Production Cuts

Russia and Saudi Arabia are calling on all other OPEC+ members to adhere to their production cuts after oil prices tumbled.

United-arab-emirates , Kremlin , Moskva , Russia , Saudi-arabia , Riyadh , Ar-riya- , Saudi , Russian , Vladimir-putin , Alexander-novak , Tsvetana-paraskova

Oil prices hit lowest since July on demand concerns despite Opec+ cuts

Oil prices hit lowest since July on demand concerns despite Opec+ cuts
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World divided at COP28 over whether to end fossil fuel era

It's the issue at the core of
COP28: will this year's U.N. climate talks, held in major oil
producer the United Arab Emirates, produce the first global
agreement to phase out fossil fuel use?
...

Ireland , Russia , Canada , United-states , Mozambique , Norway , Ethiopia , Colombia , Uganda , Chile , Dubai , Dubayy