The Latest Breaking News from OPEC

Crude Prices Slide on Global Energy Demand Concerns

August WTI crude oil (CLQ23 ) on Monday closed down -0.87 (-1.18%), and Aug RBOB gasoline (RBQ23 ) closed down -1.97 (-0.76%). Crude oil and gasoline prices Monday settled moderately lower. Concerns that a slowdown in China's economy will crimp its energy demand weighed on crude prices Monday. Also, comments...

Barchart · Jul 10, 2023

Crude Slightly Lower on Global Energy Demand Concerns

August WTI crude oil (CLQ23 ) this morning is down -0.09 (-0.12%), and Aug RBOB gasoline (RBQ23 ) is up +0.30 (+0.12%). Crude oil and gasoline prices this morning are mixed. Concerns that a slowdown in China's economy will crimp its energy demand are weighing on crude prices today. Also,...

Barchart · Jul 10, 2023

Crude Rallies on Dollar Weakness and Lower Global Crude Production

August WTI crude oil (CLQ23 ) on Friday closed up +2.06 (+2.87%), and Aug RBOB gasoline (RBQ23 ) closed up +4.55 (+1.79%). Crude oil and gasoline prices Friday settled moderately higher, with crude climbing to a 1-month high. A fall in the dollar index (DXY00 ) Friday to a 2-week...

Barchart · Jul 7, 2023

Crude Rises on the Outlook for Tighter Global Oil Supplies

August WTI crude oil (CLQ23 ) this morning is up +2.01 (+2.88%), and Aug RBOB gasoline (RBQ23 ) is up +6.34 (+2.57%). Crude oil and gasoline prices this morning are sharply higher, with crude posting a 1-1/2 week high. The outlook for tighter global crude supplies is pushing prices higher...

Barchart · Jul 5, 2023

OPEC meeting kicks off with benchmark oil prices under pressure

In spite of an agreement struck in April to cut production of crude by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, oil prices still haven't seen a boost. In this edition, we see that concerns over global economic growth are outweighing the production cuts. Also, European…

France 24 · Jul 5, 2023

Crude Relinquishes Early Gains on Energy Demand Concerns

August WTI crude oil (CLQ23 ) on Monday closed -0.85 (-1.20%), and Aug RBOB gasoline (RBQ23 ) closed down -8.25 (-3.24%). Crude oil and gasoline prices Monday gave up an early rally and closed moderately lower. A stronger dollar Monday weighed on energy prices. Also, energy demand concerns undercut oil...

Barchart · Jul 3, 2023

Crude Gains as Saudi Arabia Extends its Production Cut

August WTI crude oil (CLQ23) this morning is up +0.55 (+0.78%), and Aug RBOB gasoline (RBQ23) is down -1.39 (-0.55%). This morning, crude oil and gasoline prices are mixed, with crude posting a 1-week high. The main bullish factor for crude prices is today's action by Saudi Arabia to announce...

Barchart · Jul 3, 2023

Crude Oil Prices See Support as Saudi Arabia Expected to Extend its Production Cut

August WTI crude oil (CLQ23 ) is up +0.64 (+0.92%), and Aug RBOB gasoline (RBQ23 ) is up +0.0116 (+0.46%). Crude oil prices are seeing support from today's rally in stocks, which supports the outlook for the economy and energy demand. Crude oil is getting a boost today from the...

Barchart · Jun 30, 2023

Are These 3 Energy Stocks Worth Buying This Week?

The energy sector is well-positioned to witness significant growth this year due to the robust demand and soaring prices. Given this backdrop, fundamentally strong energy stocks TotalEnergies SE (TTE), North European Oil Royalty (NRT), and Permianville Royalty (PVL) could be wise additions to your portfolio now. Read on….

StockNews.com · Jun 28, 2023

Crude Oil Prices Close Just Mildly Higher After Russian Instability

August WTI crude oil (CLQ23 ) Monday closed +0.21 (+0.30%), and Aug RBOB gasoline (RBQ23 ) closed up +1..82 (+0.75%). Crude oil and gasoline prices Monday closed mildly higher on weakness in the dollar index and the brief weekend insurrection by the Wagner Group, which initially sparked some concern about...

Barchart · Jun 26, 2023