OPEC+ Delays Revival of Its Oil Production by 3 Months

Wedoany.com Report-Dec 06, OPEC+ delayed the revival of its oil production by three months, the third time it’s deferred the move while crude prices struggle amid a looming surplus. The group le...

Oil Prices Steady Amid Dollar Strength and OPEC+ Concerns

Wedoany.com Report-Dec 03, Oil steadied as strength in the US dollar and lingering concerns that OPEC+ won’t delay its production hike undercut signs of a gradual recovery in China’s econo...

Oil
2024-12-03

Oil Little Changed in Thin Trading Ahead of Key OPEC+ Meeting

Wedoany.com Report-Nov 28, Oil was little changed as trading thinned before the US Thanksgiving holiday, with the focus on this weekend’s OPEC+ meeting. West Texas Intermediate was below $69 a b...

Oil
2024-11-28

OPEC+ Production Cuts May Have Caused Irreparable Rival Supply, Iran Official Says

Wedoany.com Report-Nov 27, OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the U.S. shale industry, Iran’s representative to the group...

Oil
2024-11-27

OPEC+ Shifts Dec. 1 Oil Policy Meeting Online, Delegates Say

Wedoany.com Report-Nov 26, OPEC+ plans to hold this weekend’s meeting online rather than in-person as originally indicated, delegates said. It’s the third time in a row that the group led ...

Oil
2024-11-26

OPEC+ Appears Set to Hold Its Next Key Meeting on Output Online

OPEC+ delegates said they assume next month’s meeting on plans to restore oil production will be held online, rather than at their Vienna headquarters as originally planned. Several members said...

Oil
2024-11-23

IEA: Non-opec+ Production Growth Bolstered By New Offshore Capacity

Wedoany.com Report-Nov 19,Offshore conventional projects are projected to contribute nearly 700,000 b/d to the anticipated 1.5 million b/d rise in non-OPEC+ production in 2025, according t...

Oil
2024-11-19