Oil prices near three-month low as Opec+ prepares to raise output from April after prolonged cuts
Opec+ nations have reaffirmed their December decision to proceed with a gradual and flexible return of the 2.2 million bpd voluntary output adjustments starting April 2025, while remaining adaptable t
Crude oil futures fell to their lowest this year after a surprise decision by OPEC+ to restart some halted production, a move ...
Brent futures were down 90 cents, or 1.26%, to $70.72 a barrel at 0827 GMT while U.S. West Texas Intermediate (WTI) crude was ...
Oil prices are under pressure with ICE Brent settling more than 1.6% lower yesterday. This follows news that OPEC+ is ...
Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April, ...
The OPEC+ group of crude oil exporters justified their decision to increase production by pointing to "the healthy market ...
OPEC+, which includes OPEC members plus Russia and other allies, has been cutting output by 5.85 million barrels per day (bpd), equal to about 5.7% of global supply, agreed in a series of steps since ...
Referring to Trump's request in January that OPEC increase output in order to lower oil prices, Tariq Zahir, managing member at Tyche Capital Advisors, told media the cartel and its allies "want to ...
OPEC+ output cuts have been in place for a long period of time, but continued demand growth makes OPEC+ relevant for years to ...
Khaleej Times on MSN6h
UAE to fully comply with Opec+ decision on extra voluntary oil productionThe UAE has reaffirmed its commitment to oil market stability and to complying with the additional voluntary adjustments ...
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