OPEC postpones plans to increase production — again
Yet again, OPEC has postponed plans to increase oil production until at least the end of the year. That drove oil futures higher on Monday — West Texas Intermediate is trading around $71.50 a barrel. The oil cartel has been reluctant to bring back oil supply for a while now. What gives?
US shale producers are turning up the heat on OPEC again — but this time the cartel’s adversaries aren’t a bunch of ...
The Associated Press - Business News on MSN2d
OPEC extends its oil output cuts by one month until the end of DecemberSaudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end ...
Oil prices opened $1 dollar higher following the weekend to trade at 73.80 a barrel when markets opened. Click to read.
2don MSN
The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.
Libya is preparing to hold its first oil and gas exploration bid round in over 17 years, signaling a potential boom in the ...
Oil futures posted strong gains Monday after OPEC and its allies delayed plans to start unwinding production cuts by ...
The U.S. government’s auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company ...
The development was blamed on crude oil theft and pipeline vandalism in the Niger Delta region. It was also noted that crude oil production fell short of the OPEC quota of 1.58 million barrels per day ...
While the announcement sent West Texas Intermediate futures to as high as $71.81/bbl and pushed Brent above $75.40/bbl, contracts over the last hour of the morning backed off some of the early gains ...
Halliburton's global business is solid, but risks from OPEC+ and US slowdown may impact margins. Learn why HAL stock could ...
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