The Latest Breaking News from OPEC

Can an oil executive broker a climate deal?

At COP28, delegates to discuss curbing emissions, adaptation, and a fund to compensate those affected by climate change. Negotiations have been fraught with disagreements, but hope is pinned on the conference to deliver relief to millions suffering from climate change. #COP28 #ClimateChange #Emissions #Adaptation #LossAndDamageFund

The Hindu · Nov 28, 2023

Crude Prices Fall as OPEC+ Members Disagree on Crude Production Quotas

January WTI crude oil (CLF24 ) on Monday closed down -0.68 (-0.90%), and Jan RBOB gasoline (RBF24 ) closed up +0.0088 (+0.41%). Crude oil and gasoline prices on Monday settled mixed. Crude prices are under pressure from a dispute among Saudi Arabia and other OPEC+ members on crude production levels....

Barchart · Nov 27, 2023

Crude Prices Slip on a Rift Among OPEC+ Members on Crude Production

January WTI crude oil (CLF24 ) this morning is down -0.31 (-0.41%), and Jan RBOB gasoline (RBF24 ) is up -0.0120 (+0.56%). Crude oil and gasoline prices this morning are mixed. Crude prices are under pressure from a stronger dollar and a dispute among Saudi Arabia and other OPEC+ members...

Barchart · Nov 27, 2023

3 Oil & Gas Stocks to Buy Navigating Future Investments

Amid the impending decision from OPEC+ on further supply cuts and ongoing geopolitical tensions, the energy sector will most likely be in a sweet spot. Therefore, three top-notch oil and gas stocks, Equinor ASA (EQNR), Energy Transfer LP (ET), and Western Midstream Partners (WES) could be solid buys. Read on….

StockNews.com · Nov 24, 2023

Tap into Massive Potential With These 3 Oil & Gas Stocks

Intensified geopolitical tensions and uncertainties coupled with OPEC+ supply cuts are contributing to potential upward pressure on global oil prices. To leverage this situation, one could invest in sound energy stocks Baker Hughes (BKR), Koninklijke Vopak (VOPKY), and NGL Energy Partners (NGL) for solid returns. Read on….

StockNews.com · Nov 24, 2023

Asian Markets Struggle With China Property Help In Focus

With traders taking a breather, many markets were mixed in Asia on Friday.

Latin Times · Nov 24, 2023

Asian Markets Struggle, China Property Help In Focus

Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support.

International Business Times · Nov 24, 2023

Can Binance survive fallout from founder Changpeng Zhao's guilty plea?

Binance has seen outflows of over $1 billion in the past 24 hours, according to analysis firm Nansen. This is sparking questions on whether the crypto exchange can withstand its founder Changpeng Zhao pleading guilty to breaking US anti-money laundering laws and stepping down as CEO. Also, US and international…

France 24 · Nov 23, 2023

Oil Drops Further After OPEC Delay As Asian Stocks Struggle

Oil extended losses Thursday after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while equities struggled after two US reports dented recent euphoria over the future of interest rates.

Latin Times · Nov 23, 2023

Crude Prices Retreat on OPEC+ Rift on Crude Production Levels

January WTI crude oil (CLF24 ) on Wednesday closed down -0.67 (-0.86%), and Jan RBOB gasoline (RBF24 ) closed down -0.0122 (-0.55%). Crude oil and gasoline prices Wednesday settled moderately lower after this weekend’s OPEC+ meeting was delayed until Nov 30 as talks ran into trouble amid Saudi dissatisfaction with...

Barchart · Nov 22, 2023