The Latest Breaking News from OPEC

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

GDP, Fed Speakers and Other Can't Miss Items This Week

With it being a short week last week and with a lower volume environment, the market did its usual low volume melt up and the S&P 500 finished the week up over 1%.

Barchart · Nov 26, 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

Crude Prices Sink on OPEC+ Rift on Crude Production Levels

January WTI crude oil (CLF24 ) this morning is down -2.98 (-3.83%), and Jan RBOB gasoline (RBF24 ) is down -0.0787 (-3.56%). Crude oil and gasoline prices this morning are sharply lower after this weekend’s OPEC+ meeting was delayed until Nov 30 as talks ran into trouble amid Saudi dissatisfaction...

Barchart · Nov 22, 2023