opec news - Search News

Reuters on MSN · 2d

Oil rises on tighter OPEC supply, US jobs data

Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while data showing an unexpected increase in U.S. job openings pointed to expanding economic activity and consequent growth in oil demand.

MarketWatch on MSN · 2d

Oil prices settle lower as U.S. crude supplies fall but product stocks rise

Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh straight week, but gasoline and distillate stockpiles climbed by more than 6 million barrels each.

Seeking Alpha on MSN · 2d

Crude oil turns lower as U.S. supplies fell but fuel stocks jumped more than expected

Oil futures pulled back Wednesday to their lowest levels in a month, following the release of bearish data from the U.S. government's weekly inventory report showing large increases in domestic gasoline and distillate stocks,

Hosted on MSN · 2d

Oil prices surge as OPEC supply drops, US crude stocks decline

Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened while U.S. crude oil stocks fell last week, market sources said, citing American Petroleum Institute figures. Also supporting prices was an unexpected increase in U.

9h

Why Has Oil Hit A 3-Month High With Brent Touching $80

On Friday, crude oil futures rose to price levels last seen in October 2024. What are the reasons behind the uptick in prices ...

3d

OPEC oil output falls in December on UAE and Iran, survey finds

OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab ...

Opec-Plus Oil Output Retreats in December

Opec-plus’ crude average production averaged 40.81 million b/d, a decline of 1.18 million b/d compared with 2023.

4d

OPEC Output Dips in December as UAE Improves Delivery of Cuts

OPEC’s crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at ...

2d

Oil trims gains on dollar strength, tight supplies provide support

Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of ...

Nigeria Reaches 1.51m bpd Oil Output, Meeting OPEC Quota After Four Years of Shortfalls

Nigeria has achieved OPEC quota for that first time in four years, producing 1.51 million bpd in December 2024 ...

4d

Oil Averaging $65 in ‘25 to Keep OPEC+ Under Pressure, BofA Says

International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries ...

3d

Five questions looming over the energy sector in 2025

Countries will grapple with a bearish oil market, rising power demand and crises that challenge their climate pledges ...

Some results have been hidden because they may be inaccessible to you

Show inaccessible results