OPEC

As oil prices fall, OPEC Plus chooses not to cut production further

As oil prices fall, OPEC Plus chooses not to cut production further

Comment this story Comment As gas prices continue to fall, the coalition of oil-producing nations led by Saudi Arabia and Russia decided on Sunday not to try to stop the slide by cutting global oil supplies. The decision to keep production stable came on Sunday during a virtual meeting of the Organization of the Petroleum …

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Markets Week Ahead: Dow Jones, Gold, US Dollar, Crude Oil, OPEC+, AUD/USD, RBA

Markets Ahead Week: Dow Jones, Gold, US Dollar, Crude Oil, OPEC+, AUD/USD, RBA

Recommended by Daniel Dubrovsky Get your free forecast of the best trading opportunities Global market sentiment remained upbeat last week. On Wall Street, the Dow Jones, S&P 500 and Nasdaq 100 gained around 0.3%, 1.1% and 1.9% respectively. That’s when the VIX market’s “fear gauge” closed at its lowest since the start of this year. …

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OPEC+ says ready to adjust oil production as Russian embargo looms

OPEC+ says ready to adjust oil production as Russian embargo looms

OPEC and its allies pledged on Sunday to stand ready to take “immediate” action to stabilize global oil markets a day before the start of sweeping new Western restrictions on Russia’s oil exports. OPEC+, which is led by Saudi Arabia and Russia, decided against making any immediate changes to the group’s production targets, but said …

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OPEC+ mulls further oil production cuts ahead of Russia sanctions and proposed price cap

OPEC+ mulls further oil production cuts ahead of Russia sanctions and proposed price cap

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will meet on Sunday to decide the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper oil production cuts on Sunday, energy analysts said, as the influential energy alliance weighs the impact …

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OPEC+ mulls production boost ahead of Russian oil curbs

OPEC+ mulls production boost ahead of Russian oil curbs

Former acting Chairman of the Council of Economic Advisers Tyler Goodspeed and economist Tomas Philipson discuss President Biden’s attack on U.S. oil and gas on “Kudlow: Live.” Saudi Arabia and other OPEC oil producers are discussing a production boost, group delegates said, a move that could help bridge a rift with the Biden administration and …

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