The Latest Breaking News from OPEC

Lula’s bid to style himself climate leader at Cop28 undermined by Opec move

Brazilian president’s plans to approve new fossil fuel projects sit awkwardly with pledge to meet 1.5C target

The Guardian - UK · Dec 2, 2023

Crude Prices Slump on Skepticism About OPEC+ Crude Production Cuts

January WTI crude oil (CLF24 ) on Friday closed down -1.57 (-2.07%), and Jan RBOB gasoline (RBF24 ) closed down -0.0547 (-2.51%). Crude oil and gasoline prices Friday gave up an early advance and sold off, with crude falling to a 1-week low. Crude prices were under pressure on negative...

Barchart · Dec 1, 2023

3 Oil & Gas Stocks Energizing Portfolios for December

Amid the geopolitical tensions coupled with the recent decision by OPEC+ to further deepen the supply cuts, the energy sector is poised to stay in a sweet spot. In such a scenario, three oil and gas stocks, Baker Hughes Company (BKR), MRC Global (MRC), and Ranger Energy Services (RNGR), might…

StockNews.com · Dec 1, 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

Marathon Oil (MRO) vs. NOW (DNOW) - Evaluating Energy Stocks for Q4 Potential

With the energy market buzzing from robust crude demand and optimistic industry projections alongside OPEC+ interventions, the trajectory for Brent crude prices appears upward. In this scenario, which energy stalwart, Marathon Oil (MRO) or NOW Inc. (DNOW), is better positioned for growth in the fourth quarter? Let's find out.

StockNews.com · Nov 30, 2023

Crude Slumps as Announced OPEC+ Crude Production Cuts Lack Details

January WTI crude oil (CLF24 ) this morning is down -2.31 (-2.97%), and Jan RBOB gasoline (RBF24 ) is down -0.0727 (-3.23%). Crude oil and gasoline prices this morning 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

Brazil To Join OPEC+ In January: Report

An OPEC+ delegate told Reuters about Brazil's plans to join the international oil cartel. The government didn't confirm the report.

International Business Times · 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

Starmer, Brown, Sunak and Hunt lead tributes to former chancellor Alistair Darling – as it happened

Alistair Darling was ‘one of the great chancellors’, says Jeremy Hunt, while Gordon Brown remembers ‘a statesman of unimpeachable integrity’

The Guardian - UK · Nov 30, 2023