The Latest Breaking News from Oil

OPEC+ Invites Brazil to Join Oil Producers Alliance

Brazil is set to become the fourth Latin American country to become part of the cartel after Mexico and Venezuela. Ecuador withdrew in 2020

Latin Times · Nov 30, 2023

OPEC+ announces additional output cuts in bid to prop up volatile oil prices

Following a virtual meeting, OPEC+ members have announced additional oil supply cuts, with de facto leader Saudi Arabia saying it would extend an existing cut of one million barrels per day through to March next year. Russia pledged to slash oil exports by 500,000 barrels a day, up from 300,000,…

France 24 · Nov 30, 2023

Crude Prices Fall on Market Doubts About OPEC+ Crude Production Cuts

January WTI crude oil (CLF24 ) on Thursday closed down -1.90 (-2.44%), and Jan RBOB gasoline (RBF24 ) closed down -0.0715 (-3.18%). Crude oil and gasoline prices on Thursday gave up early gains and sold off sharply after OPEC+ said it would cut its crude production level by -1.0 million...

Barchart · Nov 30, 2023

A Texas politician wants to provide emergency services to constituents who don’t have them. Will they let him?

In unincorporated West Odessa, residents relish their freedom. And they also go without basic services. Ector County Judge Dustin Fawcett, a young Republican with Ronald Reagan good looks and politics, wants to change that.

The Texas Tribune · Nov 30, 2023

Trichologist reveals which hair oils are good or bad for your scalp

Do you use any of these oils?

T3 · Nov 30, 2023

Will OPEC+ Deepen its Crude Oil Production Cuts?

OPEC+ members are meeting virtually today to discuss crude production levels. Several delegates have said the group is discussing additional output cuts of about 1 million bpd. The monthly meeting of OPEC+ was pushed back to today from last Sunday as a rift developed among OPEC+ members regarding crude production...

Barchart · Nov 30, 2023

OPEC+ Agrees In Principle To 2 Million Barrel Production Cut For Early 2024

OPEC+ will reportedly expand existing production cuts; oil prices are up as a major climate summit gets underway.

International Business Times · Nov 30, 2023

Cop 28: World’s ‘most important’ climate summit begins - Tech & Science Daily podcast

World leaders have gathered in Dubai for COP28 but can a climate summit in an oil state facilitate change?

Evening Standard · Nov 30, 2023

Cop28 opens with historic launch of loss and damage fund

Nearly 200 nations agreed Thursday to launch a fund to support countries hit by global warming, in a "historic" moment at the start of UN climate talks in the oil-rich UAE.

Radio France Internationale · Nov 30, 2023

Hundreds Of New Oil And Gas Projects Approved Despite Climate Crisis

More than 400 oil and gas projects were approved globally in the last two years despite calls to abandon all new hydrocarbon development, new figures showed as the UN COP28 climate talks opened Thursday.

International Business Times · Nov 30, 2023