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Opec sticks to plans
Opec sticks to plans as oil prices surge after Iran's missile attack on Israel
Senior ministers from Opec and its allies have kept to current plans to reduce production. Crude prices have spiked due to concerns over a potential major production disruption following Iran's missile attack on Israel.
Excess OPEC capacity keeping oil prices from spiking after Iran attack, says CIBC's Rebecca Babin
Rebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss oil price trends, impact of Iran's ballistic missile attack on Israel, Saudi oil minister's warning to fellow OPEC members,
Gulf countries ‘concerned to a certain extent” about a potential Israeli attack on Iranian oil facilities
Ali Shihabi, author and commentator on Saudi Arabia’s politics and economics, tells Becky Anderson that the Gulf Cooperation Council countries are “stuck in the middle” as tensions escalate between Iran and Israel.
2d
OPEC oil output drops in September on Libyan outage, Reuters survey finds
OPEC oil output fell in September to its lowest this year, a Reuters survey found on Thursday, as unrest disrupted Libyan ...
3d
OPEC objects to report about Saudi minister’s warning about production cuts
Saudi Arabia’s oil minister reportedly warned fellow producers that oil could drop to $50 if they don’t comply with agreed ...
TradeWinds
1d
Opec decision to focus on market share tipped to create six-figure VLCC frenzy
Jefferies’ Omar Nokta said Opec’s signalling that it was shifting away from price protection and toward fighting for market ...
3d
OPEC rebuts WSJ article on Saudi saying oil prices could drop to $50
OPEC rebutted a Wall Street Journal report on Wednesday, calling it wholly inaccurate and misleading in saying that Saudi ...
5d
on MSN
Second oil company CEO conspired with OPEC to keep prices high, FTC charges
Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high.
Crude Oil Prices
2d
Reuters Poll Shows OPEC September Output At Yearly Low
A Reuters survey on Thursday shows September oil production from OPEC dropping to its lowest point this year, at 26.14 ...
2d
on MSN
Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much
Part of the issue is that members are not sticking to their pledged cuts. The Saudi minister called out Iraq, which surpassed ...
4d
OPEC’s Crude Output Fell Sharply in September on Libyan Disruption
OPEC’s crude production declined sharply last month after a political crisis slashed supplies from Libya. Output from the Organization of Petroleum Exporting Countries slumped by 480,000 barrels a day ...
Nairametrics
14h
Nigeria’s crude oil production declines by 40,000 bpd as OPEC’s output drops in September – Report
Nigeria continues to struggle to meet its OPEC’s quota as its crude oil production fell by 40,000 barrels per day ...
Azer News
2d
OPEC denies reports of potential oil price drop
OPEC has rejected claims made by The Wall Street Journal that Saudi Arabia's Energy Minister, Abdulaziz bin Salman Al-Saud, ...
2d
OPEC sticks to output policy as Iraq, Kazakhstan, and Russia pledge to offset overproduction
Even as geopolitical tensions mount, a panel meeting of OPEC on Wednesday maintained status quo on the cartel’s oil output ...
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oil
Iran
Israel
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