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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.
20h
on MSN
Oil prices mark a weekly loss on prospect of increased supply
Oil futures finished higher on Friday to modestly pare back their weekly loss from expectations OPEC+ will boost production ...
15h
Oil Settles Higher but Falls on the Week on Firmer Supply Outlook
Brent crude futures settled up 38 cents, or 0.53%, at $71.89 per barrel. Front-month U.S. West Texas Intermediate crude ...
5h
Oil prices dip again as fears of market oversupply loom
Earlier this week, Saudi Arabia reportedly decided to ramp up its oil production from December, abandoning its earlier target ...
1d
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
on MSN
Oil prices fall on prospects of lower Saudi Arabia price target
Oil prices dropped on Thursday, reversing earlier gains, as news of top exporter Saudi Arabia giving up its crude oil price ...
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 ...
MoneyWeek
3d
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
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 ...
Daily Post Nigeria
1d
Fuel Price: Petrol landing cost drops – Nigerian Marketers
The Major Energies Marketers Association of Nigeria, MEMAN on Thursday revealed that the landing cost of Premium Motor Spirit ...
1d
on MSN
Oil Prices, Stocks Fall Hard Despite Broad Rally in Commodities
Prices of copper and steel rose as reports emerged that China will add more stimulus measures to boost its economy.
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