Showing results for "#OPEC+"
Despite OPEC+ supply cut, global oil market will be in surplus during...
This surplus, though modest, is expected to exert downward pressure on oil prices, with Brent crude likely to average around USD 71 per barrel next...
Stocks, FX ease after November rally; China unsteady recovery weighs
1 Dec 2023 10:15 AMThe indexes had rallied in the previous month, as investors warmed to riskier emerging market assets on optimism that interest rate hikes in the U.S....
Asia stocks steady ahead of inflation tests, OPEC+ meeting
27 Nov 2023 2:15 AMThe approach of month end could also cause some caution given the hefty gains investors are sitting on. Japan's Nikkei added 0.3%, having surged 9% so...
OPEC+ moving closer to compromise with African producers: Sources
26 Nov 2023 9:15 AMOPEC members Angola and Nigeria were aiming for a higher oil output allowance, officials told Reuters on Thursday.
Oil down more than 1% as uncertainty swirls over delayed OPEC+ meeting
23 Nov 2023 9:00 AMProducers were struggling to agree on output levels and hence possible reductions ahead of the meeting originally set for Nov. 26, OPEC+ sources said.
BRICS expansion could end US dollar dominance in oil trade: US...
15 Oct 2023 2:40 AMWhile there is no such currency as a Petrodollar, the US currency, the dollar or the greenback is the medium in which most global trade is conducted...
Global crude oil prices soar following Hamas attack on Israel
9 Oct 2023 9:15 AMAt the time of filing this report, crude oil prices were trading at USD 87.61 per barrel, up 3.52 per cent from last week's closing.
Oil prices range-bound amid tighter supply, slow demand fears
3 July 2023 5:24 AMOil prices were roughly unchanged on Monday as concerns about global macroeconomic headwinds and possible further interest rate hikes from the US...