OPECs

OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price Slump

Breadcrumb linksBMN BusinessWhen OPEC+ ministers meet this weekend, they face an unpalatable choice: continue to limit oil supplies until 2025, or risk renewed price declines.Article writer:Bloomberg NewsGrant SmithPosted on November 27,…

Crude Oil Q2 Outlook – OPEC’s Cuts Will Keep Prices Underpinned

Investor Empires

Crude Oil Q2 Fundamental OutlookCrude oil prices may continue to rise 2024’s second quarter but they remain subject to the considerable near-term uncertainty that dogged them as the year got under way.The Organization of Petroleum Exporting…

Here’s why OPEC’s production cuts haven’t boosted the price of oil

Investor Empires

Andrew Burton/Getty ImagesOil prices moved lower on Monday for the third consecutive session even as OPEC+ cut production.The outlook for global oil demand has weakened, and crude prices have dropped two months in a row.Meanwhile, energy…

Crude oil slips as OPEC’s voluntary production cuts underwhelm (NYSEARCA:USO)

Investor Empires

SlavkoSereda/iStock via Getty Images U.S. crude oil surrendered early gains and tumbled more than 2% Thursday, even after OPEC+ announced some member nations agreed to voluntary cuts approaching 2M bbl/day starting in January, as…