Key Points
Oil prices dipped about 2% on Thursday, extending losses after the postponement of an OPEC+ meeting stoked expectations that the group might not deepen..
In a surprise move on Wednesday, the Organization of the Petroleum Exporting Countries and allies including Russia. delayed. to November 30 a ministerial meeting at which they were expected to discuss oil output cuts...
Producers were struggling to agree on output levels ahead of the meeting originally set for November 26, OPEC+ sources said, suggesting that the disagreement was largely linked to a trio of African nations...
Angola, Congo and Nigeria are seeking to raise their 2024 supply quotas above the provisional levels agreed at the June meeting of the OPEC+ producer group...
The questions over OPEC+ supply come as data showed that US crude stocks jumped by 8.7 million barrels last week, much more than the 1.16 million build analysts had expected...
You might be interested in
Oil steady, market eyes OPEC+ meet, weighs weak demand indicators
30, Nov, 23By Laura Sanicola and Jeslyn Lerh SINGAPORE (Reuters) -Oil was little changed on Thursday as investors remained cautious ahead of expected production cuts by the OPEC+ group and as
Oil gains ahead of OPEC+ meeting as Black Sea shutdowns support
29, Nov, 23By Ahmad Ghaddar LONDON (Reuters) - Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output policy, while supply disruption caused by a storm in the
Oil slips 1% on growing angst over delayed OPEC+ meeting
23, Nov, 23By Natalie Grover (Reuters) -Oil prices dipped roughly 1% on Thursday, extending losses from the previous session, after OPEC+ postponed a meeting, triggering speculation that the group may not deepen
Crude edges up ahead of OPEC+ meet, shrugs off US oil stockbuild
30, Nov, 23By Shariq Khan BENGALURU (Reuters) -Oil prices edged higher in volatile trading on Wednesday as investors focused their attention on an upcoming OPEC+ output policy meeting and looked past a jump in
OPEC+ to start meeting at 1300 GMT on Thursday; talks continue
27, Nov, 23By Alex Lawler and Ahmad Ghaddar LONDON (Reuters) - OPEC+ is still negotiating ahead of an oil policy meeting on Thursday, sources said on Monday, a gathering analysts expect and some OPEC+ sources
Oil inches lower amid profit taking on OPEC+ cut extension
04, Mar, 24By Natalie Grover LONDON (Reuters) -Oil prices drifted lower on Monday as traders indulged in some profit taking a day after the widely expected extension of voluntary output cuts through the middle
Oil tumbles 4% as OPEC+ meeting delayed
22, Nov, 23By Paul Carsten LONDON (Reuters) - Oil prices tanked 4% on Wednesday as OPEC+ producers unexpectedly delayed a meeting on output planned for Sunday, raising questions about the future course of crude