The OPEC+ group is grappling with limited options to combat the prevailing bearish trends in the oil market, as further supply restrictions seem unlikely. Despite potential for a rebound in…
OPEC
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Haitham Al Ghais, Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), has pointed to tax policies imposed by major oil-consuming nations as the primary factor driving fuel costs,…
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The Organisation of Petroleum Exporting Countries (OPEC) has spotlighted the impressive growth of the United Arab Emirates’ non-oil sector in its Monthly Oil Market Report for September 2024. According to…
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Woodside Energy Group Ltd (ASX: WDS) saw its share price rise by 0.6% to $23.94 in morning trading today, following a period of flat performance at $23.79 per share. This…
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In response to a significant drop in oil prices, OPEC+ has agreed to postpone a planned increase in oil production. The decision, which delays a proposed output hike by two…
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Crude oil futures have reached their lowest levels of the year, driven by concerns over sluggish global demand, including from major oil importer China, and the prospect of a production…
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OPEC+ is contemplating postponing a scheduled increase in oil production for next month as oil prices reach their lowest point in nine months, sources within the group. One source indicated…
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A month before OPEC+ is scheduled to announce its decision on the potential easing of oil production cuts, speculation about the group’s output policy is intensifying. Recent indications from OPEC+…
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Crude oil prices experienced a notable decline early Monday following of a potential partial reversal of OPEC’s production cuts. Six unnamed sources within the cartel indicated that OPEC members are…
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Haitham Al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), described his recent visit to Iraq as highly productive, highlighting the country’s strong commitment to stabilizing the global…