Oil prices set for weekly loss on prospect of increased supply
Oil futures edged higher in Friday dealings but remained on track for a weekly loss on expectations OPEC+ will boost production before year-end, as investors cast doubt on whether an aggressive round of monetary stimulus from China will shore up demand from the world’s largest crude importer.
Oil Prices Fall as Expectations of Higher Supplies Hammer Market Sentiment
Separately, the Organization of Petroleum Exporting Countries (OPEC), and its allies, a group known as OPEC+, are currently cutting oil output by a total of 5.86 million bpd but it plans to reverse 180,000 bpd of those cuts in December.
Just Stop Oil attacks Van Gogh paintings again
About 24% of crude oil production and 18% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane ...
Oil slumped again on reports of the Saudis moving to defend their market share. But lower prices may likely persist ...
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of ...
The U.S. government is "studying very closely" the possibility of imposing additional sanctions on individuals in Venezuela ...
The kingdom is resigning itself to a period a lower prices, sources told the FT. Oil markets spiraled on the news, falling as ...
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 ...
Oil prices held steady on Friday but remained on track for a weekly fall as investors weighed expectations for increased ...
The massive 2010 oil spill damaged or killed coral in the Gulf of Mexico. Now some of the $20 billion settlement is helping ...
OPEC is sticking with its estimate that the world will need an extra two million barrels a day this year, despite signs this ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback