Opec

Oil nudges higher after Opec+ extends output cuts
Oil nudges higher after Opec+ extends output cuts
March 4, 2024
OIL prices nudged higher on Monday after Opec+ members agreed to extend voluntary oil output cuts to the end of the second quarter, largely in line with market expectations, while Russia pledged...
Some Opec+ members agree to extend voluntary cuts to Q2: sources
Some Opec+ members agree to extend voluntary cuts to Q2: sources
March 3, 2024
SOME members of the Organization of the Petroleum Exporting Countries and allies led by Russia (Opec+) have agreed to extend voluntary first-quarter oil output cuts into the second quarter,...
Oil climbs 2%, notches weekly gains ahead of Opec+ decision
Oil climbs 2%, notches weekly gains ahead of Opec+ decision
March 1, 2024
OIL prices rose 2 per cent on Friday (Mar 1) and posted weekly gains as traders awaited an Opec+ decision on supply agreements for the second quarter, while also...
Oil inches down as US inflation data, rising Opec output weigh
Oil inches down as US inflation data, rising Opec output weigh
February 29, 2024
OIL prices edged lower on Thursday as US inflation data implied a softening of the world’s biggest economy that could weaken crude demand, with rising Opec production also weighing on...
Oil gains on potential Opec+ cuts, curbed by jump in US crude stocks
Oil gains on potential Opec+ cuts, curbed by jump in US crude stocks
February 28, 2024
OIL prices rose marginally on Wednesday as the prospect of delays to US interest rate cuts and a higher-than expected rise in US crude stocks offset support from a potential...
Oil rises more than US/barrel as Opec+ mulls extending output cuts
Oil rises more than US$1/barrel as Opec+ mulls extending output cuts
February 27, 2024
OIL prices rose more than US$1 a barrel on Tuesday as sources said Opec+ is considering extending voluntary oil output cuts into the second quarter to provide additional support. Brent crude futures...