[ad_1] Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession. The announcement […]
Tag: OPEC+ meeting
Oil Prices Up Over 2 Percent after US Debt Deal, Jobs Data
[ad_1] Last Updated: June 03, 2023, 02:02 IST New York, United States of America (USA) U.S. drillers have been cutting back on drilling for months due to an 11% drop […]
Oil Prices Surge Ahead of OPEC+ Meeting, Easing Debt Ceiling Concerns
[ad_1] Last Updated: June 02, 2023, 01:43 IST New York, United States of America (USA) Brent crude futures settled at $74.28 a barrel, up by $1.68, or 2.3%, to $74.65 […]
Oil Prices Falls on Weak China Data, Stronger US Dollar
[ad_1] Last Updated: May 31, 2023, 23:40 IST New York, United States of America (USA) U.S. crude oil and gasoline stockpiles were seen falling last week, while distillate inventories likely […]
Oil Slides 4 Percent on Worries About US Debt Ceiling, OPEC+ Talks
[ad_1] Last Updated: May 31, 2023, 02:03 IST New York, United States of America (USA) The US debt deadline nearly coincides with the June 4 meeting of OPEC+ – the […]
Oil Ticks Up as Markets Weigh US Debt Deal, Rate Hike Possibility
[ad_1] Last Updated: May 30, 2023, 01:36 IST New York, United States of America (USA) Trade was expected to remain subdued on Monday because of UK and U.S. public holidays. […]
Oil Prices Rise on Prospects of Debt Ceiling Deal and Supply Conflict
[ad_1] Last Updated: May 26, 2023, 23:44 IST New York, United States of America (USA) Benchmarks had settled more than $2 per barrel lower on Thursday after Russian Deputy Prime […]
Oil Down USD 3 as Russia Downplays Additional OPEC+ Cuts
[ad_1] Last Updated: May 26, 2023, 00:02 IST New York, United States of America (USA) Some investors took that as a signal that OPEC+, the Organization of Petroleum Exporting Countries […]
Oil Prices Surge Over 1% on US Crude Inventories Drawdown, OPEC+ Production Cut Prospects
[ad_1] Last Updated: May 24, 2023, 23:55 IST The U.S. Memorial Day holiday on May 29 marks the beginning of the peak summer travel season and higher fuel demand. (Image: […]