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With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.
OPEC+ in a pickle: should the cartel increase oil output?
The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output from December.
OPEC+ members delay planned increase in oil production, FT reports
Members of OPEC+ have delayed a plan to start raising oil production until the end of the year amid a plan to revive crude prices that have
Opec+ members delay planned rise in oil production
Cartel to leave output curbs in place an extra month in effort to boost anaemic crude prices
OPEC+ delays production boost as weak demand lifts prices
The cartel of oil-producing countries expanded to include Russia, and it postponed plans for the return to increased crude production by another month. The decision to delay caused prices to rise. According to Reuters,
The National on MSN
1d
Saudi Arabia's non-oil business activity hits strongest level in six months
Business activity in the non-oil private sectors of the UAE and Saudi Arabia continued to strengthen in October, with the ...
1d
Saudi Aramco Q3 profit drops 15.4% amid lower oil prices
Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, ...
5d
Saudi Arabia may cut December oil prices for Asia, sources say
Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in December, tracking weakness in ...
3d
on MSN
OPEC extends oil output cuts through the end of December
Saudi
Arabia
and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil ...
Business Recorder
20h
Saudi Arabia cuts December light crude prices for Asia
Top oil exporter Saudi Arabia has cut the price for the flagship Arab light crude it sells to Asia in December by ...
1d
on MSN
Saudi Aramco Profit Falls on Refining Weakness
The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 ...
1d
Aramco Cuts Oil Prices to Asia for December After OPEC+ Delay
Saudi Arabia lowered oil prices for buyers in Asia for December after members of the OPEC+ producers group said they will ...
5d
OPEC’s Oil Output Recovers After Libya Resolves Political Crisis
OPEC’s oil production rose last month as Libya restored output that was halted during a brief political crisis.
Opinion
8d
on MSN
Opinion
How would a President Harris deal with Saudi Arabia?
As president, Harris would need to engage with Saudi Arabia or take a conscious — and momentous — decision not to do so.
8d
Saudi energy minister commits to crude capacity levels and climate targets
Saudi Arabia is "committed" to maintaining crude capacity at 12.3 million barrels per day, Energy Minister Prince Abulaziz ...
Crude Oil Prices
1d
Aramco and ADNOC Look To Seize More Market Share in Asia
Saudi oil giant Aramco and Abu Dhabi’s ADNOC plan to expand their downstream businesses, especially in Asia, to lock in ...
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