Reuters Survey: OPEC Cut 710,00 Bpd In November
Led by Gulf member states, OPEC oil output dropped in November in line with the OPEC+ pledge to cut output by 2 million barrels per day for the month
Source: oilprice.com
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Oil Prices Reverse Course After Saudi Arabia Denies Output Hike Rumors
Reports have emerged that Saudi Arabian officials are now denying news originating from the Wall Street Journal that OPEC is considering a 500,000 barrel-per-day oil production increase.
Source: oilprice.com
UAE Denies OPEC+ Production Hike Discussions
The UAE has reiterated that it has not been in any discussions with OPEC members to change the existing agreement, denying talks of a potential production hike
Source: oilprice.com
Oil Prices Plunge As OPEC+ Considers Production Hike
OPEC’s de facto leader Saudi Arabia and OPEC+’s other members are discussing an oil production increase, OPEC delegates said on Monday, according to the Wall Street Journal
Source: oilprice.com
OPEC Ready To Intervene "For The Benefit Of Oil Markets"
OPEC Secretary General Haitham al-Ghais said on Wednesday that the organization is ready to “intervene for the benefit of oil markets”
Source: oilprice.com