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Oil, OPEC
Oil Price Expected to Weaken If OPEC+ Hikes Supply
Expectations that the OPEC and its allies will start unwinding voluntary output curbs of 2.2 million barrels a day starting from December is adding to market nervousness.
Oil prices slide 3% on prospect of more OPEC+ oil
Oil prices fell more than 3% on Thursday on a Financial Times report that Saudi Arabia, the world's top crude exporter, will give up its $100 price target in preparation for raising output, along with OPEC members and allies in December.
Why oil prices have plunged 3% today
A report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday. According to sources that spoke with the Financial Times, the kingdom will no longer seek a $100 per barrel price and is instead ready to increase oil output.
19h
Home heating oil drops to lowest price in 14 months
The cost of home heating oil has dropped to the lowest levels since July 2023. On average, it will cost about £286.83 to fill ...
2d
Eni CEO sees Brent oil price around $80 per barrel in Q4
The chief executive of Italian energy group Eni expects Brent oil prices to recover to around $80 per barrel in the coming ...
15h
on MSN
Commodity Roundup: Oil faces big weekly loss; BMI ups 2024 gold price forecast
Gold prices (XAUUSD:CUR) ticked lower on Friday, however, set for their third-consecutive weekly gain, as weak U.S. data ...
4d
Investors shorting oil are walking into a 'bear trap' with energy demand set to surge, Bank of America says
Investors have turned bearish on oil amid fears of oversupply, but if GDP grows in line with estimates next year, energy ...
1d
OPEC+ set to go ahead with Dec oil output hike, sources say
OPEC+ is set to go ahead with a December oil output increase as its impact will be small should a plan for some members to ...
12h
Analysis-US Gulf Coast oil prices to take center stage as exports dominate
Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on ...
15h
Azerbaijani Oil Price Drops To $75
Akbar Novruz Read more The price of Azerbaijani Azeri Light oil has fallen by $2.51, or 3.22%, reaching $75.43 per ...
MoneyWeek
2d
What's next for oil prices?
Despite a “widening war” in the Middle East and the Opec cartel’s “best efforts” to cap supply, oil prices just keep on ...
1d
Oil falls more than 2% on report Saudi Arabia vows to bring barrels back even if prices fall
Crude dropped more than 2% on reports that Saudi Arabia is ready to let more barrels flow into the market even if prices fall ...
1d
on MSN
Petrol prices to drop as Saudi Arabia prepares to flood oil market
Saudi Arabia’s plans, which were reported by the Financial Times, indicate that the country will ramp up production even if ...
13h
on MSN
Oil steady but on track for weekly drop on firmer supply outlook
Oil prices held steady on Friday but remained on track for a weekly fall as investors weighed expectations for increased ...
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OPEC+
crude
China
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