Oil jumps nearly 3% after OPEC+ delays output hike, US election in focus
Oil prices climbed nearly 3% on Monday on OPEC+'s decision for a month's delay in plans to increase output, while investors also focused on the U.S. presidential election.
Why OPEC+ Delayed Its Planned Oil Production Increase
OPEC+ has delayed its planned production increase for a second time, citing market conditions and geopolitical uncertainties.
Oil Gains as OPEC+ Further Delays Output Hike
Oil prices rose after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid growing concerns about weaker global demand and lower prices.
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+ 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+'s again delayed output hike shows soft demand reality
Geopolitical uncertainty will probably garner the lion's share of the blame for OPEC+'s decision to once again delay raising crude oil output, but weak demand, especially in Asia, is more significant.
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,
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OPEC extends oil output cuts through the end of December
OPEC later extended the cuts until November ... The announcement was made on the website for the OPEC+ alliance. Oil ...
OPEC extends oil output cuts
The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, ...
OPEC+ production hike delay may signal oil price concerns, analysts say
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Ticker: OPEC extends oil output cuts; Feds end Ford engine probe
The U.S. government’s auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company ...
Oil prices trade in tight range ahead of US Presidential poll result
Oil prices had been supported by Sunday's announcement from the Organization of the Petroleum Exporting Countries and their ...
OPEC oil output rises in October as Libyan supply rebounds, survey finds
OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a Reuters survey found, although a further Iraqi effort to meet its cuts pledged ...
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.
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, ...
Nymex Overview: Petroleum Futures Back Off Early Gains Following OPEC Delay -- OPIS
Oil traders won't need to worry about additional crude supply reaching the market in December after OPEC and allied producers on Sunday said they would postpone by a month a planned Dec. 1 unwinding ...