The crude market remained unimpressed even after the OPEC+ announced production cuts for 2024
crude output
Latest in crude output
Crude
US tightens sanctions on Russian crude exports, fueling oil price rise
Russia is the world’s second-largest oil producer and a major exporter and the tighter US scrutiny of its shipments could curtail supply
$100 oil price
Goldman Sachs no longer anticipates that oil will hit $100 in 2023
The bank’s latest analysis comes amid apprehensions of a wider banking crisis impacting growth potentials
crude oil output
Crude prices rise in Asian markets after Saudi denial on reports on OPEC+ plan on output increase
Brent crude futures rose 17 cents – or 0.2 percent – to $87.62, while US West Texas Intermediate (WTI) crude futures for January rising 7 cents – or 0.1 percent to $80.11 a barrel in early trading hours on Tuesday
crude barrel
OPEC increases oil production despite output cut agreement: Report
According to the report, only five among the 22 countries involved actually reduced production in October
Bahrain
OPEC+ signals small hike in oil output, lifting prices as EU looks to ban Russian crude
Oil has surged more than 40 percent in 2022, with the Russia-Ukraine war disrupting flows, lifting inflation, and causing central banks – including the US Federal Reserve – to start tightening monetary policy
crude oil output
Iraq sees oil prices at $68 to $75 a barrel in second half
OPEC and its partners have restored almost 40 percent of the production they shuttered when the coronavirus crushed demand a year ago
Brent Crude
Video: OPEC agrees to 10 million barrels cuts
Russia and Saudi Arabia have called off their brutal price war and are now pushing dozens of major crude producers toward a deal that would slash production.
Crude
Saudi Arabia hopes to balance world’s crude market by 2020
Saudi energy minister Khalid Al-Falih said that “there is plenty of supply” when asked his current assessment of crude markets
crude output
Oil sets new high for 2019 as ‘non-committal’ Saudis sow doubt
Saudi Arabia and the UAE can boost their combined output by about 1.5 million barrels a day within a short period
crude output
Saudi Arabia is said to extend deep oil output cuts into April
The move is the latest sign Riyadh is determined to regain control of the oil market as prices remain well below the level that many OPEC members need to cover their government spending
Crude exporter
Oil pushes toward $56 as Saudi cuts, trade talks roil the market
Oil has rallied about 23% this year as the Organisation of Petroleum Exporting Countries and allies curtailed output
crude output
Saudi needs oil at $80-$85 a barrel to balance budget, says IMF
The UAE’s energy minister said supply and demand should balance out in the first quarter of 2019
Abu Dhabi
OPEC+ oil cuts helped US shale, says Saudi energy minister Al-Falih
Shale explorers need almost $54 a barrel for their oil to eke out a profit because of rising costs for equipment, crews and raw materials needed to extract crude
crude oil
Oil producers seek new strategies, with oversupply expected next year
Saudi to cut December oil exports by 500,000 bpd
Crown Prince Mohammed bin Salman
Oil drops on Saudi assurance and hopes for US waivers on Iran
Saudi Arabia can tap its spare production capacity immediately to offset any declines in Iranian crude exports, the kingdom’s crown prince said in an interview