Browsing: OPEC

OPEC Oil Output Falls as Members Missed Quotas The Organization of Petroleum Exporting Countries’ (OPEC) crude oil production fell by…

OPEC Downgrades 2025 Forecast for U.S. Oil OPEC has downgraded the forecast for the U.S. oil and condensate production in…

Oil prices slid as pressure in the global commodities market eased following the announcement of a ceasefire agreement

Oil prices declined in the global commodity market over heightened supply risk concerns as an energy agency forecasted growth in crude supply

The Organisation of Petroleum Exporting Countries (OPEC) crude oil production increased by 0.5%, 104,000 barrels per day (bpd), in November to average 26.66 million bpd, according to OPEC’s monthly oil market report released on Wednesday.

The prices of crude oil increased further in the global market ahead of the Organisation of Petroleum Exporting Countries and Allies producers (OPEC+) meeting on Thursday. 

The prices of crude oil in the global commodities market increased on Friday as the US dollar weakened amidst a ceasefire

Crude oil prices continue to trade softly as Middle East pressures eased ahead of the Organisation of Petroleum Exporting Countries and Allies’ meeting. Brent crashed to $71.92 per barrel while the US benchmark West Texas Intermediate decreased by to $68.26 per barrel on Thursday.

Oil prices recover from downturn in the global commodities market on Wednesday as demand and supply uncertainties linger ahead inflation data in the United States.

Prices of crude oil declined on Wednesday as markets await the official results of the United States (U.S) election.