[ad_1] US economic growth and inflation were slower in the third quarter than previously reported, supporting the potential for a “soft landing” and the Federal Reserve’s pivot towards interest rate…
Tag: OPEC
Saudi price cuts, increased OPEC output weigh on crude
[ad_1] Home » Saudi price cuts, increased OPEC output weigh on crude Source: Sosland Publishing Co. Recap for January 8 US crude oil prices fell more than 3% Monday in the…
OPEC Leaves Global Oil-Demand Views Unchanged
[ad_1] The Organization of the Petroleum Exporting Countries left its expectations for global oil demand unchanged for this year and next and raised its 2023 global economic growth forecast, against…
Oil prices little changed amid OPEC+ cut doubts, Mid-East tension
[ad_1] SINGAPORE: Oil prices were little changed on Tuesday amid uncertainty over voluntary output cuts by OPEC+, continued tension in the Middle East and weak economic data from the U.S.…
Wall Street Shrugs Off Latest OPEC+ Oil Cuts
[ad_1] Members of the oil-producers group known as OPEC+ have tried to push crude prices upward with unexpected supply cuts since last year. Wall Street isn’t yet convinced that will…
Saudi Arabia may cut Jan Arab Light price to Asia for first time in 7 months
[ad_1] A worker fills a vehicle with petrol at a gas station in Riyadh, Saudi Arabia, February 16, 2020. REUTERS/Ahmed Yosri/File Photo Acquire Licensing Rights SINGAPORE, Dec 1 (Reuters) –…
OPEC+ Agrees to Significant Oil-Production Cut
[ad_1] Updated Nov. 30, 2023 11:53 am ET OPEC+ agreed to a significant production cut of an additional million barrels a day, delegates said, in a move that will likely…
Oil prices rise as OPEC meets
[ad_1] The price of crude oil rose on Thursday as the Organization of Petroleum Exporting Countries (OPEC) began its meeting. Brent crude futures climbed 13 cents, or 0.2 per cent,…
Oil steady; market eyes OPEC+ meet, weak demand indicators
[ad_1] An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo Acquire…
Stock Market Today: Asian Shares Mostly Higher Ahead of US Price Update, OPEC+ Meeting
[ad_1] BANGKOK (AP) — Asian shares were mostly higher Thursday ahead of an update on U.S. consumer inflation and a meeting of oil producers in Vienna. U.S. futures rose and…