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The Latest Breaking News from OPEC

Stock Market Today: Stock Futures Down Following Two-Day Surge

Stock futures on down Wednesday following a two-day rally that had pulled Wall Street out of the September slump.

The Street

Stock Market Today: Stocks Return to Red as Session Closes

Stocks climbed briefly into positive territory Wednesday before closing lower and putting an end to a two-day winning streak.

The Street

Oil prices rise awaiting OPEC output cut

London (AFP) - Oil prices rose Wednesday as OPEC and Russia-led allies prepare to announce a big cut in output.

AFP

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OPEC+ agrees deep oil production cuts, Biden calls it shortsighted

OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.

Reuters

OPEC+ weighs large oil cutback to boost sagging prices

A cut in oil production is on the table when OPEC oil-producing countries meet Wednesday

The Independent UK

Asia markets extend rally on rate hopes, OPEC in focus

Hong Kong (AFP) - Asian investors joined their Wall Street counterparts in an equity buying spree Wednesday as more data pointing to weakness in the US economy further fanned hopes the Federal Reserve could temper its rate hike campaign.

AFP

Russia and Saudi Arabia agree to massive cuts to oil output. Here's why it matters

The 2 million bpd cut in oil production was backed by Saudi Arabia and could benefit Russia. The OPEC+ meeting took place as much of the world is battling soaring energy costs and rising inflation.

WEKU

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FTSE 100 Live: Tesco profits fall, OPEC considers oil output cut

Tesco’s half-year profits have fallen 10% as the supermarket giant grapples with the impact of “significant” cost inflation.

Evening Standard

White House ‘disappointed’ as Opec+ cuts production by 2m barrels per day – business live

Oil cartel and allies including Russia make biggest cut in output since the start of the pandemic, despite pressure from the White House

The Guardian - UK

AP News Digest 3 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

Opec+ expected to slash oil output

VIENNA: Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to 2 million barrels per day in a bid to prop up slumping prices.

Bangkok Post

OPEC+ expected to slash oil output

Vienna (AFP) - Major oil producers led by Saudi Arabia and Russia were expected Wednesday to agree on a major cut in output to prop up prices despite Western concerns over energy-fuelled inflation.

AFP

Equities extend rally on rate hopes, traders await OPEC decision

Hong Kong (AFP) - Asian investors joined their Wall Street and European counterparts in an equity buying spree Wednesday as more data pointing to weakness in the US economy further fanned hopes the Federal Reserve could temper its rate hike campaign.

AFP

Stocks surge on hopes interest rate hikes will slow

New York (AFP) - Global stocks gained on Tuesday and the dollar slid amid growing hopes the Federal Reserve could ease its interest-rate hiking plans.

AFP

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AFP

Stocks surge on interest rate hopes

London (AFP) - Global stocks rallied Tuesday and the dollar mostly slid as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans.

AFP

Markets surge on interest rate hopes

London (AFP) - Global stocks rallied Tuesday and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans.

AFP

Markets rally, dollar dips as US data tempers rate fears

Hong Kong (AFP) - Asian markets rallied Tuesday and the dollar eased after weak US factory data sparked optimism that a series of big interest rate hikes were taking their toll, allowing the Federal Reserve to ease its foot off the pedal.

AFP

Asian traders track Wall St up as US data tempers rate fears

Hong Kong (AFP) - Asian markets followed Wall Street higher Tuesday after weak US factory data sparked optimism that a series of big interest rate hikes were taking their toll, allowing the Federal Reserve to ease its foot off the pedal.

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AFP

Oil jumps but dollar bruised on US data

New York (AFP) - Oil prices jumped Monday on expectations of an OPEC output cut, while weak US data sent stocks higher amid rising hopes central banks may be able to ease off interest rate hikes.

The Guardian - UK

‘Significant risk’ of winter gas shortages in Great Britain, warns Ofgem

Electricity-producing firms ask regulator to change rules that could penalise them if gas supplies run out

Investors Business Daily

OPEC+ Makes Largest Production Cut Since 2020, Oil Prices Drop

OPEC+ agreed Wednesday to cut production by 2 million barrels per day (bpd), the largest reduction since April 2020, as the cartel aims to keep oil prices high amid low global inventories. The Organization of the Petroleum Exporting Countries and its key allies including Russia, known as OPEC+, decided to…

AFP

Oil jumps, European stocks wobble on Credit Suisse fears

London (AFP) - Oil prices jumped Monday on expectations of an OPEC output cut, while European stocks wobbled on fears over the health of Swiss bank Credit Suisse.

AFP

OPEC+ tipped to make big cut in oil output

London (AFP) - Major oil-producing nations led by Saudi Arabia and Russia are expected to make this week their biggest output cut since the start of the Covid pandemic in efforts to buttress prices.

Asharq Al-Awsat

Oil Jumps More Than $3 as OPEC+ Weighs Output Cut

Oil prices jumped by more than $3 on Monday as OPEC+ considers reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the COVID-19 pandemic. Brent crude futures rebounded $3.37, or 4%, to $88.51 a…

AFP

Europe stocks sink on Credit Suisse fears; oil jumps

London (AFP) - European stocks sank Monday on fears over the health of Swiss bank Credit Suisse, while oil jumped on expectations of an OPEC output cut.

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