Oil prices flat after OPEC+ again delays phase-out of production cuts
Oil futures were little changed Thursday morning after the Organization of the Petroleum Exporting Countries and its allies, as expected, agreed to further postpone a proposed unwinding of production cuts.
Members of OPEC+ oil producers' alliance postpone production increases as crude prices stagnate
Eight members of the OPEC+ alliance of oil exporting countries decided Thursday to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year.
Oil prices rise with all eyes on OPEC+ supply decision
Oil prices rose on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring tension in the Middle East.
Oil prices little changed as OPEC+ delays production increase
OPEC+ is struggling to bring barrels back to the market with prices under pressure from soft China demand and strong U.S. production.
OPEC+ extends oil supply cuts through March
Several OPEC+ countries, including Saudi Arabia and Russia, agreed Thursday to extend oil supply cuts for three months through March to avoid a sharp drop in prices in a global market awash in crude.
OPEC+ oil alliance makes decision on crude oil prices
The OPEC+ alliance of oil exporting countries has decided to delay plans to pump more crude for a further three months amid sluggish demand and competing production from non-allied countries - factors that could keep oil prices stagnant into next year.
Yahoo Finance22d
Rising US producer prices add to signs of fading disinflation
WASHINGTON (Reuters) - U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and airline fares, another sign that progress towards lower ...
Forex Factory21d
US Producer Price Index - October 2024
The Producer Price Index for final demand increased 0.2 percent in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.1 percent in ...
US Drivers Enjoy Cheaper Gas as OPEC+ Considers Keeping Oil Output Low
OPEC+ is set to meet on Thursday to decide whether to delay planned oil production increases scheduled to begin on Jan. 1.
Yahoo Finance21d
US Producer Prices Rise, Risking Pressure in Fed’s Favored Gauge
(Bloomberg) -- US producer prices picked up in October, fueled in part by gains in portfolio management costs and other categories that feed into the Federal Reserve’s preferred inflation gauge.
Wall Street Journal29d
Oil Prices Flat, Oil Stocks Up on Trump. What’s Going On?
Crude oil prices fell for much of Wednesday ... recovered midday and was trading close to flat, while a basket of U.S. oil and gas exploration and production companies were up 3.3%.
Oil prices could drop 20% in the next 2 years if the US implements tariffs, Goldman Sachs says
Oil prices could drop to the low $60s by the end of 2026 if demand takes a hit from Trump's sweeping tariffs, Goldman Sachs ...
Business Times22d
Gold prices flat, focus on US inflation print
Spot gold was flat at US$2,599.19 per ounce by 0021 GMT ... Other data sets due this week include Producer Price Index, weekly jobless claims on Thursday and Friday’s retail sales data.