The Latest Breaking News from OPEC

UN climate talks negotiators were under growing pressure on Sunday as the deadline nears to strike a new global deal aimed at keeping global warming within 1.5 degrees Celsius.

France's Energy Minister Agnes Pannier-Runacher has expressed that she was "stunned" after the oil cartel OPEC urged its members to thwart any deal targeting fossil fuels at the Cop28 conference.

Negotiations over the future of fossil fuels heated up at UN climate talks on Saturday, with OPEC catching flak over the oil cartel's push to block any phase-out in the final deal.

Protests aimed at pressuring nations to move decisively to stop climate change were expected to be their most intense yet on Saturday, a “Global Day of Action” with events at United Nations-led talks in Dubai and around the world

January WTI crude oil (CLF24 ) on Friday closed up +1.86 (+2.68%), and Jan RBOB gasoline (RBF24 ) closed up +0.0498 (+2.49%). Crude oil prices Friday rebounded from Thursday's 5-1/4 month low and posted moderate gains. Crude rallied Friday after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer...

Climate campaigners welcome draft COP agreement that includes options for the phase out of fossil fuels.

Oil cartel warns ‘pressure may reach a tipping point’ and that ‘politically motivated campaigns put our prosperity’ at risk

Given the sustained demand for crude oil and strategic production cutbacks by OPEC+, there's a potential for prolonged elevated oil prices. To seize this opportunity, one could consider adding resilient energy stocks Shell plc (SHEL), NuStar Energy (NS) and Summit Midstream (SMLP) to their portfolio for year-end profits. Read on….

January WTI crude oil (CLF24 ) this morning is up +1.58 (+2.31%), and Jan RBOB gasoline (RBF24 ) is up +0.0450 (+2.25%). Crude oil and gasoline prices this morning are moderately higher. Energy prices are climbing today after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer sentiment reduced...