| 单词 | OPEC |
| 例句 | In his simple remarks he confirmed for them that America was still great, still number one in the weekly top twenty poll, whatever the threat of the Japanese and the Germans and OPEC. Friday Night Lights: A Town, A Team, And A Dream 1990-01-01T00:00:00Z Because China is ripping this country like nobody is ripping this country, and he's the one person that continuously mentions China and OPEC. Donald Trump endorses Mitt Romney 2012-02-02T21:22:00Z Think about the national security implications… Strait of Hormuz, OPEC, fracking, Gulf oil spill. The Secret Fears of Automakers in 2012 2012-01-13T17:23:02Z Top oil exporters Saudi Arabia and Russia, part of OPEC+, the Organization of the Petroleum Exporting Countries and allies, said this month they would continue with their additional voluntary oil output cuts until year end. Oil prices dive on big US crude stock build, record output 2023-11-15T05:00:00Z The next OPEC+ meeting is scheduled for Nov. 26. Oil steady on caution over demand outlook and Fed rates 2023-11-13T05:00:00Z Prices gained nearly 2% on Friday as Iraq voiced support for oil cuts by OPEC+, but lost about 4% for the week, recording a three-week losing streak for the first time since May. Oil wavers on weak demand outlook in US and China, Fed hedging 2023-11-13T05:00:00Z Prices gained nearly 2% on Friday as Iraq voiced support for oil cuts by OPEC+, but lost about 4% for the week, notching their third weekly losses for the first time since May. Oil falls on weak demand outlook in US and China, Fed hedging 2023-11-13T05:00:00Z Both benchmarks gained nearly 2% on Friday as Iraq voiced support for oil cuts by OPEC+. Stocks gain, bonds calm as Fed outlook trumps Moody's downgrade 2023-11-13T05:00:00Z Both benchmarks gained nearly 2% last Friday as Iraq voiced support for oil cuts by OPEC+, but lost about 4% for the week, notching their third weekly losses for the first time since May. Oil prices ease on worries of waning demand in US and China 2023-11-13T05:00:00Z Analysts at Capital Economics said OPEC+ might cut supply further if prices continue to fall. Oil prices up 2% but headed for third weekly decline 2023-11-10T05:00:00Z Russia, a part of the producer groups known as OPEC+, is considering lifting an export ban on some grades of gasoline, Interfax news agency quoted Energy Minister Nikolai Shulginov as saying. Oil slides over 2% on demand worries, lowest settlement in 3 months 2023-11-08T05:00:00Z OPEC+ is unlikely to be in a hurry to undo oil output cuts when its joint ministerial monitoring committee meets on Nov. 26, said Kelvin Wong, senior market analyst at OANDA. Oil prices at 2-1/2 month lows as China data offset supply cuts 2023-11-07T05:00:00Z If the conflict widens across the Middle East, oil supplies could be disrupted in a market already undersupplied given protracted OPEC+ cuts. Oil steadies as demand fears counter Middle East conflict 2023-10-25T04:00:00Z Arab countries aren’t attacking Israel in unison, and OPEC+ nations have not moved to restrict supplies or boost prices beyond a few extra dollars. Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise prices 2023-10-19T04:00:00Z OPEC+, the Organization of the Petroleum Exporting Countries and allies including Russia, will meet on Nov. 26. Oil prices up 2% but headed for third weekly decline 2023-11-10T05:00:00Z Venezuela's oil flows could help to ease global oil prices, up amid the Israel-Hamas conflict, sanctions on Russia and OPEC+ decisions to reduce output, but Venezuela needs investments to boost output following years of sanctions. Oil falls as Israel embargo concerns fade, Venezuela sanctions to ease 2023-10-19T04:00:00Z Russian Deputy Prime Minister Alexander Novak echoed Putin's sentiment on Monday, saying Russia believes it is important to keep working in OPEC+ to stabilise the market. Oil prices steady above $90 as investors assess Israel-Hamas war 2023-10-16T04:00:00Z "We note the importance of continuing joint work to stabilise the global energy market, including in the OPEC+ format," Novak said at a meeting of a Russia-Venezuela inter-governmental commission in Moscow. Russia expects Venezuela's Maduro to visit as relations deepen - Novak 2023-10-16T04:00:00Z "We note the importance of continuing joint work to stabilize the global energy market, including in the OPEC+ format," Russian Deputy Prime Minister Novak said. Venezuela's Maduro expected to visit Russia, Putin's oil point man says 2023-10-16T04:00:00Z Russia and Saudi Arabia met in Moscow on Wednesday, when Russian President Vladimir Putin said that OPEC+ coordination will continue "for the predictability of the oil market." Oil falls over 2% after Saudi pledge; investors keep wary eye on Israel 2023-10-11T04:00:00Z Global oil inventories are expected to fall by 200,000 bpd in the second half of 2023 due to voluntary output cuts from Saudi Arabia and reduced production among OPEC+ countries, the U.S. Analysis: US stock market technicals suggest possible rebound as earnings, CPI loom 2023-10-11T04:00:00Z Global oil inventories are expected to fall by 200,000 bpd in the second half of 2023 due to voluntary output cuts from Saudi Arabia and reduced production among OPEC+ countries, the U.S. Exclusive: Miners seek partners for copper assets as M&A heats up 2023-10-11T04:00:00Z Global oil inventories are expected to fall by 200,000 bpd in the second half of 2023 due to voluntary output cuts from Saudi Arabia and reduced production among OPEC+ countries, the U.S. Birkenstock shares fall 11% in US market debut to notch $8.32 bln valuation 2023-10-11T04:00:00Z Russia and Saudi Arabia met in Moscow on Wednesday, when Russian president Vladimir Putin said that OPEC+ coordination will continue "for the predictability of the oil market." Oil falls after Saudi pledge; investors keep wary eye on Israel 2023-10-11T04:00:00Z Unless attacks occur against Iran, which funds Hamas and other groups hostile to Israel and is a member of the international oil cartel OPEC, he said prices at the pump should continue to fall. Israel-Hamas war pushes oil prices higher; ‘knee-jerk reaction’ likely brief as gas trends lower 2023-10-09T04:00:00Z OPEC+ agreed in June to extend voluntary oil cuts first introduced in April until the end of 2024. Saudi Arabia, other Arab states reaffirm commitment to voluntary oil production adjustments 2023-10-08T04:00:00Z The selloff was unusual considering a ban on diesel exports from Russia, continuing oil output cuts from OPEC, and heavy seasonal refinery maintenance curtailing fuel production, Kloza said. US gasoline prices could fall to $3 a gallon on oil selloff, rising stocks 2023-10-06T04:00:00Z A meeting this week of a ministerial panel of OPEC+, the Organization of the Petroleum Exporting Countries and allies led by Russia, made no changes to the group's oil output policy. Oil on track for sharpest weekly decline since March 2023-10-06T04:00:00Z Oil prices inched back up on Thursday after an OPEC+ panel maintained oil output cuts to keep supply tight, clawing back some of the previous session's big losses. Yen gets reprieve as dollar dented by private payrolls report 2023-10-05T04:00:00Z The OPEC+ group is expected to hold its current oil output in the meeting, sources told Reuters. Oil falls over $1 on demand fears, Saudi confirms cuts to year-end 2023-10-04T04:00:00Z The two countries belong to OPEC+, the Organization of the Petroleum Exporting Countries and allies. Oil rebounds from 3-week low, settles up despite stronger dollar 2023-10-03T04:00:00Z Before this week's drop, gasoline prices had posted a 7.4% jump in the third quarter, riding increases in crude oil futures after production cuts from Saudi Arabia, Russia and other OPEC+ members. US gasoline prices could fall to $3 a gallon on oil selloff, rising stocks 2023-10-06T04:00:00Z The two countries are part of the Organization of the Petroleum Exporting Countries and allies, known as OPEC+. Oil rebounds from 3-week low amid strong dollar 2023-10-03T04:00:00Z The Organization of the Petroleum Exporting Countries with Russia and other allies, or OPEC+, is unlikely to tweak its current oil output policy at a key meeting on Wednesday, four OPEC+ sources told Reuters. Oil climbs as risk appetite grows, focus returns to supply outlook 2023-10-02T04:00:00Z The OPEC+ ministerial panel meeting will take place on Oct. Oil mixed amid macroeconomic concerns but set to end quarter up 30% 2023-09-29T04:00:00Z Iraq, OPEC's second-biggest producer, also said it would award 30 new oil and gas projects in its fifth and sixth licensing rounds. Oil rebounds from 3-week low, settles up despite stronger dollar 2023-10-03T04:00:00Z A ministerial panel of the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, is due to meet on Oct. Oil heads for 2% weekly gain on tight U.S. supply, China demand 2023-09-29T04:00:00Z Iraq - OPEC's second-biggest producer - on Tuesday also said it would award 30 new oil and gas projects in its fifth and sixth licensing rounds. Oil rebounds from 3-week low amid strong dollar 2023-10-03T04:00:00Z "There is also possible nervousness that OPEC+ and specifically Saudi Arabia could start to ease cuts earlier than scheduled if prices move much higher," they added. Oil set for 2% weekly gain on China holiday demand, tight US supply 2023-09-29T04:00:00Z Russia has not discussed a possible crude oil supply increase to compensate for Moscow's fuel exports ban with OPEC+, the Kremlin has said. Oil prices fall as Russia, Saudi Arabia expected to boost supply 2023-09-29T04:00:00Z Russia said its ban on fuel exports will remain in place until the domestic market stabilizes and noted it has not discussed with OPEC+ a possible supply increase to compensate for that fuel export ban. Oil eases 1%, reversing rally, on profit taking, interest rate worries 2023-09-28T04:00:00Z Russia has not discussed with OPEC+ a possible crude oil supply increase to compensate for its fuel export ban, the Kremlin added on Thursday. Tight supply, inflation concerns keep oil investors on fence 2023-09-28T04:00:00Z Geopolitical considerations may also complicate decisions around how long OPEC+ can sustain voluntary cuts. Analysis: Oil price rally set to falter as demand doubts loom 2023-09-25T04:00:00Z The OPEC+ ministerial panel meeting is scheduled for Oct. Oil set for 2% weekly gain on China holiday demand, tight US supply 2023-09-29T04:00:00Z Russia, Saudi Arabia’s ally in the OPEC+ oil producers’ coalition, also extended its own cut of 300,000 barrels a month through 2023. Oil prices have risen. That’s making gas more expensive for U.S. drivers and helping Russia’s war 2023-09-25T04:00:00Z Feeding supply concerns, OPEC+ members Saudi Arabia and Russia this month extended combined supply cuts of 1.3 million bpd to the end of the year. Oil prices ease after hitting 10-month highs as investors take profits 2023-09-19T04:00:00Z With global oil supplies being restricted by OPEC+ and prices rising, the United States would also benefit from the resumption of flows from northern Iraq's oil sector. U.S. lawmakers urge Biden to support 'economically strangled' Kurdistan 2023-09-19T04:00:00Z Those estimates come after Saudi Arabia and Russia, as part of the OPEC+ producer group, this month extended combined supply cuts of 1.3 million bpd to the end of the year. Oil prices surge on mounting supply concerns 2023-09-19T04:00:00Z Saudi Arabia's energy minister, Prince Abdulaziz bin Salman on Monday, warned of uncertainty about Chinese demand, European growth and central bank action to tackle inflation, and defended OPEC+ cuts to oil market supply. Oil prices edge higher as markets weigh supply tightness, demand woes 2023-09-18T04:00:00Z The Saudi cuts were a unilateral move outside the framework of the OPEC+ alliance, meaning the kingdom can make changes as needed to quickly respond to shifting market conditions. Oil prices have risen. That’s making gas more expensive for U.S. drivers and helping Russia’s war 2023-09-25T04:00:00Z Saudi Arabia's energy minister, Prince Abdulaziz bin Salman on Monday defended OPEC+ cuts to oil market supply, saying international energy markets need light-handed regulation to limit volatility. Oil prices extend gains toward $95 on tight supply 2023-09-18T04:00:00Z The two are the biggest producers in the OPEC+ group, most other members of which are also curbing output. Will oil hit $100? It already did in some markets 2023-09-18T04:00:00Z Saudi Arabia and Russia extended supply cuts to the end of the year as part of the OPEC+ group's plans. Oil climbs on supply concerns, recovery in China demand 2023-09-18T04:00:00Z Saudi Arabia and Russia extended supply cuts to the end of the year as part of the OPEC+ group's plans, and as Chinese refineries ramped up output, driven by strong export margins. Oil rises on supply concerns, China demand recovery 2023-09-18T04:00:00Z Oil prices rose to a near 10-month high, driven by a tighter supply outlook and a sunny global demand outlook from OPEC, extending the summer-long gains that have resulted in inflationary pressures. Wall Street mixed, crude surges as inflation data eyed 2023-09-12T04:00:00Z OPEC, Russia and allied producers are known as OPEC+. Oil prices jump 2% to near 10-month high as OPEC predicts tight supplies 2023-09-12T04:00:00Z Oil prices surged on a tighter supply outlook and a sunny global demand outlook from OPEC. Wall Street dips, the dollar strengthens as inflation data looms 2023-09-12T04:00:00Z The medium-term outlook for oil "remains bullish, with China reporting better economic data," said Teng, adding that the OPEC+ output cuts are also the key factor behind the market's upward momentum. Brent holds above $90; traders eye U.S., European interest rates as guide to demand 2023-09-12T04:00:00Z These were on top of the April cuts agreed by several OPEC+ producers running to the end of 2024. Oil falls as China, winter demand worries offset boost from supply cuts 2023-09-07T04:00:00Z These were on top of the April cut agreed by several OPEC+ producers running to the end of 2024. Oil settles up on expectations of U.S. crude draws and tight supply 2023-09-06T04:00:00Z These cuts were on top of the April cut agreed by several OPEC+ producers running to the end of 2024. Oil prices up on expectations of U.S. crude draws and tight supply 2023-09-06T04:00:00Z The Kremlin said the leaders had been highly satisfied with cooperation between their countries within the framework of the OPEC+ group of leading oil producers. Putin, Saudi prince: Oil supply cuts ensure stable energy market -Kremlin 2023-09-06T04:00:00Z Kremlin said the leaders had been highly satisfied with cooperation between their countries within the framework of the OPEC+ group of leading oil producers. Putin, Saudi's prince: oil supply cuts ensure stable energy market - Kremlin 2023-09-06T04:00:00Z These are on top of the April cut agreed by several OPEC+ producers running to the end of 2024. Oil dips as markets shrug off supply jitters 2023-09-06T04:00:00Z The Saudi and Russian cuts are on top of the April cut agreed by several OPEC+ producers, which extends to the end of 2024. Oil edges lower as markets shrug off supply jitters 2023-09-06T04:00:00Z The Saudi and Russian voluntary cuts are on top of the April cut agreed by several OPEC+ producers, which extends to the end of 2024. Oil prices edge higher on supply woes as Saudi, Russia extend output cuts 2023-09-06T04:00:00Z Russia, a member of OPEC+, stated an identical timeline and reason for its reduction of exports by 300,000 barrels per day. Saudi Arabia, Russia extend oil cuts through 2023, boosting market prices 2023-09-05T04:00:00Z Fellow OPEC+ member Russia also prolonged its voluntary cuts through the end of the year "to maintain stability and balance" on oil markets, Deputy Prime Minister Alexander Novak said on Tuesday. Oil jumps as Saudi Arabia and Russia extend supply cuts to end-2023 2023-09-05T04:00:00Z The Saudi reduction, which began in July, comes as the other OPEC+ producers have agreed to extend earlier production cuts through next year. Saudi Arabia plans to extend 1 million barrel a day oil cut through the end of the year 2023-09-05T04:00:00Z Saudi Arabia is widely expected to extend voluntary oil cuts into October and Russia will unveil a new OPEC+ supply cut deal this week, according to its deputy prime minister. Oil prices mixed on receding support from China's steps to revive economy 2023-09-05T04:00:00Z Russian Deputy Prime Minister Alexander Novak, meanwhile, has said that Moscow had agreed with OPEC+ partners on the parameters for continued export cuts in October. Oil stable on prospect of extended OPEC+ supply cuts 2023-09-04T04:00:00Z Russia, the world's second-largest oil exporter, has already agreed with OPEC+ partners to cut oil exports next month, Deputy Prime Minister Alexander Novak said on Thursday. Oil rises to highest in over 7 months on supply worries 2023-09-01T04:00:00Z It has been cutting output and exports in tandem with Saudi Arabia on top of existing OPEC+ supply reductions. Oil jumps as Saudi Arabia and Russia extend supply cuts to end-2023 2023-09-05T04:00:00Z Russia, the world's second-largest oil exporter, has already agreed with OPEC+ partners to cut oil exports, Deputy Prime Minister Alexander Novak said on Thursday. Oil driven higher by tight supply expectations 2023-09-01T04:00:00Z Analysts expect Saudi Arabia to extend a voluntary oil production cut of 1 million barrels a day into October, adding to cuts by the Organization Petroleum Exporting Countries and allies, known as OPEC+. Oil set to snap two-week losing streak on tightening supplies 2023-09-01T04:00:00Z Analysts expect Saudi Arabia to extend a voluntary oil production cut of 1 million bpd into October, adding to cuts put in place by OPEC+. U.S. crude futures climb over $2 late in session 2023-08-31T04:00:00Z Russia has agreed with OPEC+ partners to reduce the export of oil and will announce the new main parameters next week, Deputy Prime Minister Alexander Novak told President Vladimir Putin on Thursday. Exclusive: Brazil's Petrobras plans China subsidiary in push to boost ties, CEO says 2023-08-31T04:00:00Z Oil prices jumped, boosted by a U.S. inventory drawdown and production cuts by the OPEC+ group of oil producing nations. Wall St extends rally, dollar gains after inflation data 2023-08-31T04:00:00Z The rise from Iran comes as OPEC+, which includes OPEC, Russia and others, is cutting output to support the oil market, where expectations that economic weakness will dent demand have weighed on prices. Iran's oil output, exports rise as Washington, Tehran talk 2023-08-31T04:00:00Z Oil prices have remained above $80 a barrel with support from falling oil inventories and supply cuts from the OPEC+ group of oil producers. Oil rises on China moves to support economy; tropical storm eyed 2023-08-28T04:00:00Z Oil prices have remained above $80 a barrel on support from falling oil inventories and supply cuts from the OPEC+ collective of oil producers. Oil inches up after China moves to support flagging economy 2023-08-28T04:00:00Z However, oil prices remained above $80 a barrel on support from falling oil inventories and supply cuts from the OPEC+ collective of oil producers. Oil ticks higher after China moves to support flagging economy 2023-08-28T04:00:00Z "Concerns over higher interest rates and sluggish demand in China are expected to outweigh tightening supply from OPEC+ in the short term." Oil ticks up as markets weigh rate hikes, China gloom 2023-08-23T04:00:00Z Vakhshouri said a lack of transparency by the Biden administration over Iran oil policy has consequences for global energy security particularly as some OPEC+ members cut output. Iran's oil output, exports rise as Washington, Tehran talk 2023-08-31T04:00:00Z "Concerns over higher interest rates and sluggish demand in China are expected to outweigh tightening supply from OPEC+ in the short term," he said. Oil prices ease on concerns over rate hikes, China gloom 2023-08-23T04:00:00Z "Unless there is a recession and demand slows or drops, OPEC+ is in control." Oil prices climb on expectations of lower OPEC+ exports in August 2023-08-21T04:00:00Z U.S. oil production was offsetting some losses in output due to OPEC+ cuts, but the falling U.S. rig count meant such support could likely be short-lived, ANZ Research said in a report on Friday. Oil set to snap 7-week winning streak on Fed rate outlook, China woes 2023-08-18T04:00:00Z These moves are part of a deal among members of the Organization of the Petroleum Exporting Countries and its allies, a grouping know as OPEC+, to curb supplies and support prices. Oil ticks up as markets weigh rate hikes, China gloom 2023-08-23T04:00:00Z Weak economic performance in China is offseting tight global oil supplies as the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, are cutting production to lift prices. Oil prices down ahead of key economic data in China 2023-08-15T04:00:00Z Oil prices eased on Monday after seven straight weeks of gains supported by tightening supply on OPEC+ output cuts, as concerns about China's faltering economic recovery and a stronger dollar weighed. Asia shares struggle to shake off China blues 2023-08-14T04:00:00Z Saudi Arabia and Russia, a member of the so-called OPEC+, said last month they would extend previously announced oil cuts to drive global markets higher amid a busy international travel season. Why gas prices are spiking across the U.S. 2023-08-10T04:00:00Z An OPEC+ ministerial panel which met on Friday made no changes to the group's current oil output policy after a Saudi decision to extend its voluntary production cut into September spurred a rally. Oil prices edge up as production cuts keep market supported 2023-08-08T04:00:00Z OPEC+, which groups the de facto Saudi-led Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world's crude. Aramco Q2 profit drops 38% to $30.1 billion, boosts dividend 2023-08-07T04:00:00Z OPEC+ agreed on a broad deal to limit supply into 2024 at its last policy meeting in June, and Saudi Arabia pledged a voluntary production cut for July that it extended to include August. OPEC+ panel meets against backdrop of a stronger oil market 2023-08-04T04:00:00Z The Joint Ministerial Monitoring Committee of OPEC+ is unlikely to tweak overall oil output policy at the meeting on Friday, sources have said. Oil prices set for sixth weekly gain as producers pledge output cuts 2023-08-04T04:00:00Z The Saudi reduction comes as other OPEC+ producers have agreed to extend earlier production cuts through next year. Gas prices are rising (again). The heat and supply cuts impact what you pay at the pump, experts say 2023-08-03T04:00:00Z OPEC+ had agreed on a broad deal to limit supply into 2024 at its last policy meeting in June. Oil prices edge up as production cuts keep market supported 2023-08-08T04:00:00Z The Saudi cut of 1 million barrels per day, which began in July, comes as the other OPEC+ producers have agreed to extend earlier production cuts through next year. Saudi Arabia extends cut of 1 million barrel of oil a day through September, trying to boost price 2023-08-03T04:00:00Z Elsewhere, oil prices were marginally higher as markets weighed bullish U.S. inventory data and a likely extension of OPEC+ output cuts. Asian shares hesitant after Wall Street sell-off, dollar buoyant 2023-08-03T04:00:00Z The next market monitoring committee meeting of the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, is to be held on Aug. 4. Oil rises marginally as markets weigh inventory data, US ratings downgrade 2023-08-03T04:00:00Z Beyond the heat, Kloza pointed to crude supply cuts from major producing countries in the OPEC+ alliance — noting both Russia and Saudi Arabia, for example have been exporting less. Gas prices are rising (again). The heat and supply cuts impact what you pay at the pump, experts say 2023-08-03T04:00:00Z Beyond the heat, Kloza pointed to crude supply cuts from major producing countries in the OPEC+ alliance. Why are gas prices rising? Experts point to extreme heat and oil production cuts 2023-08-02T04:00:00Z Production cuts from OPEC+ weighed on companies, as it removed heavy, sour barrels from the market that U.S. refiners buy cheaply to generate higher profit off fuel sales. Marathon Petroleum Q2 profit slumps 63% on lower refining margins 2023-08-01T04:00:00Z Oil prices have climbed for five weeks in a row as production cuts by OPEC+ tightened supply. Asia shares extend gains; wary eye on Japan yields 2023-07-31T04:00:00Z Reuters reporting suggests that OPEC+ is unlikely to tweak its current oil output policy, with Saudi Arabia expected to extend their voluntary 1 million bpd cut for another month to include September. Oil rises marginally as markets weigh inventory data, US ratings downgrade 2023-08-03T04:00:00Z Saudi Arabia also has maintained a close relationship with Russia as part of the OPEC+ group. Official tells AP that Saudi Arabia will host a Ukrainian-organized peace summit in August 2023-07-29T04:00:00Z Oil production cuts from OPEC+ in the second quarter took heavy, sour barrels from the market that US refiners buy cheaply to make a higher profit off fuel sales. US fuelmaker profits to fall from last year's records 2023-07-24T04:00:00Z The benchmarks rose 1.5% and 2.2% respectively last week, their fourth straight of week of gain, as supply is expected to tighten following OPEC+ cuts. Oil rally takes a breather ahead of Fed, ECB rate hikes 2023-07-24T04:00:00Z Nevertheless, markets could be starting to turn in OPEC’s favor. Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia 2023-07-13T04:00:00Z However, crude prices could rebound after OPEC+ announced plans to further reduce supply, she said. Oil eases ahead of China, US data, but OPEC+ cuts support market 2023-07-10T04:00:00Z Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market, Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday. Longtime Showtime executive David Nevins named CEO of North Road Company 2023-07-06T04:00:00Z Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market, Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday. Berlusconi leaves control of family business to two eldest children 2023-07-06T04:00:00Z Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market, Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday. Startup e-commerce platform Temu expands to Japan 2023-07-06T04:00:00Z Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market, Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday. Mercedes to extend CEO Kallenius' contract - Handelsblatt 2023-07-06T04:00:00Z Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market, Saudi Energy Minister Prince Abdulaziz bin Salman told a conference on Wednesday. South Korean market tests fish, seafood to dispel Fukushima radiation fears 2023-07-06T04:00:00Z On Wednesday, Saudi energy minister Prince Abdulaziz bin Salman said that Russia-Saudi oil cooperation is still going strong as part of the OPEC+ alliance, which will do "whatever necessary" to support the market. Oil prices steady as China demand fears offset tighter supply forecasts 2023-07-06T04:00:00Z The United States, the biggest oil producer outside OPEC+, has repeatedly called on the group to boost production to help the global economy and has criticised Saudi cooperation with Russia after Moscow's invasion of Ukraine. Saudi Arabia says new oil cuts show teamwork with Russia is strong 2023-07-05T04:00:00Z A Reuters poll last week forecast that oil prices would struggle for traction this year as global economic headwinds stymie any gains fuelled by a rebound in China or OPEC+ cuts. Oil steady as markets weigh supply cuts against weak economic data 2023-07-04T04:00:00Z Oil prices will struggle for traction this year as global economic headwinds stymie gains that could be fuelled by a rebound in China and OPEC+ cuts, a Reuters poll showed on Friday. HSBC blocking of Hong Konger pensions matter of 'deep concern', say US, UK lawmakers 2023-06-30T04:00:00Z That followed Saudi Arabia's plans to cut its output by 1 million barrels per day from July and a broader OPEC+ deal to limit supply into 2024. Brent oil set to notch first monthly gain this year on supply fears 2023-06-30T04:00:00Z They compete to cover news in real time from events such as OPEC+ meetings, which can have a material impact on the price of oil and the global cost of energy. OPEC withholds media access to Reuters, Bloomberg, WSJ for July event 2023-06-28T04:00:00Z After the end of the broadcast, Prince Abdulaziz told the seminar that OPEC+ would do "whatever necessary" to support the market, according to a source who attended the meeting. Saudi Arabia says new oil cuts show teamwork with Russia is strong 2023-07-05T04:00:00Z OPEC+ includes members of the Organisation of the Petroleum Exporting Countries and allies. Oil steady as markets weigh supply cuts against weak economic data 2023-07-04T04:00:00Z "Supply has rebounded and surprised to the upside from a number of sources: U.S., other non-OPEC, not to mention within OPEC+ e.g. Nigeria, Iran, Venezuela," JPMorgan analysts said in a note. Oil prices mixed ahead of China lending benchmarks decision 2023-06-20T04:00:00Z Igor Sechin, head of Russian energy major Rosneft , said on Saturday that Russia is losing out to other OPEC+ countries due to a smaller share of its oil production being exported. US can't yet compete with China on EVs, Ford chairman tells CNN 2023-06-18T04:00:00Z The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, includes top oil producers Saudi Arabia and Russia. OPEC withholds media access to Reuters, Bloomberg, WSJ for July event 2023-06-28T04:00:00Z “This is a precautionary measure taken in coordination with the countries participating in the OPEC+ agreement, which previously announced voluntary oil cuts in April,” Alexander Novak, Russia’s deputy prime minister, wrote on the government’s website. US says price caps on Russia’s oil are cutting revenue nearly in half and weakening its economy 2023-06-15T04:00:00Z This month, the Emirates received long-sought permission from OPEC, the coalition of oil-producing nations that coordinates on output and prices, to pump more oil starting next year. Battle Lines Harden Over Big Oil’s Role at Climate Talks in Dubai 2023-06-14T04:00:00Z The OPEC+ cuts are not enough to bring global supply and demand in balance even if they are extended to 2024, the analysts said. Oil prices mixed ahead of China lending benchmarks decision 2023-06-20T04:00:00Z Meanwhile, OPEC+ has granted Russia a slightly higher oil production baseline, meaning Russia can produce more under the latest quotas than previously agreed. Oil prices dip after unexpected rise in US crude stocks 2023-06-14T04:00:00Z The same media groups were denied access to OPEC's Vienna headquarters during a June 4 oil policy meeting. OPEC withholds media access to Reuters, Bloomberg, WSJ for July event 2023-06-28T04:00:00Z Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Sunday that the latest OPEC+ agreement involved comprehensive reform, but that the alliance was also working against "uncertainities and sentiment" within the market. Russia and Ukraine swap total of nearly 200 prisoners 2023-06-11T04:00:00Z Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Sunday that the latest OPEC+ agreement involved comprehensive reform, but that the alliance was also working against "uncertainities and sentiment" within the market. Russia arrests U.S. citizen on drug dealing charges 2023-06-11T04:00:00Z Days before the OPEC+ meeting, Prince Abdulaziz said he would inflict more pain on short sellers - those who bet that oil prices will fall - and told them to watch out. Inside OPEC+, Saudi 'lollipop' oil cut was a surprise too 2023-06-09T04:00:00Z OPEC+ cuts oil output targets ahead of U.S. mid-term elections, leading Biden to pledge "consequences" for Saudi Arabia and accusing it of siding with Moscow. U.S.-Saudi ties through good times and bad 2023-06-07T04:00:00Z Riyadh has clashed repeatedly with President Joe Biden on its supply of crude oil to global markets, its willingness to partner with Russia in OPEC+ and reaching a détente with Iran mediated by China. U.S. Secretary of State Antony Blinken arrives in Saudi Arabia to meet Crown Prince Mohammed 2023-06-06T04:00:00Z The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday. Retailers battle for uncertain back-to-school demand after ‘volatile’ quarter 2023-06-06T04:00:00Z Saudi Arabia will make a deep cut to its output in July in addition to a broader OPEC+ deal to limit supply to the end of 2024 as the group faces flagging oil prices. Australian corporate regulator urges disclosure on impact on assets for results 2023-06-06T04:00:00Z OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world's crude. Inside OPEC+, Saudi 'lollipop' oil cut was a surprise too 2023-06-09T04:00:00Z Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Kremlin: OPEC+ important to global energy market stability 2023-06-05T04:00:00Z On the other hand, oil prices could spike higher on the news that OPEC+ is looking to cut production to counter flagging prices and a looming supply glut. Morning Bid: Teed up for a bullish start to the week 2023-06-04T04:00:00Z Two other OPEC+ sources said the group is likely to agree a policy roll over until 2023 and make additional cuts in 2024 if new production baselines for members are agreed. Saudi to make new voluntary cuts as part of OPEC+ deal - source 2023-06-04T04:00:00Z Officials from OPEC, Russia and other countries are meeting this weekend to weigh whether to cut production amid an oil-price slump. The Sun Is Calling 2023-06-04T04:00:00Z The Saudi Energy Ministry and OPEC's Vienna headquarters did not respond to requests for comment. Inside OPEC+, Saudi 'lollipop' oil cut was a surprise too 2023-06-09T04:00:00Z Two OPEC+ sources also said that the group needs to address the issue of baselines, from which each member performs cuts. OPEC+ meets to debate production quotas, new cut - sources 2023-06-04T04:00:00Z Oil prices have fallen even after OPEC+ slashed 2 million barrels per day in October, angering U.S. With oil prices slumping, OPEC+ producers weigh more production cuts 2023-06-04T04:00:00Z Three OPEC+ sources told Reuters on Friday cuts were being discussed among options for Sunday's session, when OPEC+ ministers gather at 2 p.m. OPEC+ begins meetings which may lead to further output cuts 2023-06-03T04:00:00Z The Organization of the Petroleum Exporting Countries and its allies is a group known as OPEC+ and includes top oil producers Saudi Arabia and Russia. OPEC denies media access to Reuters, Bloomberg, WSJ for weekend policy meets 2023-06-02T04:00:00Z In the days leading up to the June 4 meeting, two other OPEC+ sources said there was an idea for more cuts by OPEC+ states, although this did not proceed to advanced discussions in Vienna. Inside OPEC+, Saudi 'lollipop' oil cut was a surprise too 2023-06-09T04:00:00Z Three sources familiar with OPEC+ discussions have told Reuters that additional production cuts were being discussed among options for Sunday's session. OPEC+ meets to debate production quotas, new cut - sources 2023-06-04T04:00:00Z “Our expectation is that OPEC+ will stick with current output quotas,” he said, adding that “there have been signs that the government may be readying to live with lower oil prices and running budget deficits.” With oil prices slumping, OPEC+ producers weigh more production cuts 2023-06-04T04:00:00Z Russian Deputy Prime Minister Alexander Novak, however, subsequently said he did not expect any new steps from OPEC+ in Vienna, Russian media reported. OPEC+ begins meetings which may lead to further output cuts 2023-06-03T04:00:00Z Just two months after surprising markets by announcing oil output cuts, officials from OPEC, Russia and other countries meeting in Vienna this weekend find themselves pondering whether they need to dial down production again. As Price of Oil Slides, OPEC Plus May Weigh Further Production Cuts 2023-06-02T04:00:00Z "The Saudis were cognizant this time they could not push the others," an OPEC+ source said. Inside OPEC+, Saudi 'lollipop' oil cut was a surprise too 2023-06-09T04:00:00Z OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world's crude, meaning its policy decisions can have a major impact on oil prices. OPEC+ unlikely to agree bigger oil cuts on Sunday, sources say 2023-06-02T04:00:00Z Markets are also weighing the likelihood of price-supportive OPEC+ production cuts over the weekend. Stocks surge in Asia as US averts default, Fed pause bets rise 2023-06-02T04:00:00Z Further reductions in OPEC+ output following their surprise cut of 1.16 million barrels per day in April would be bullish for crude prices. Oil prices rise as market awaits possible OPEC+ cuts 2023-06-02T04:00:00Z Oil prices rose on Friday in early Asian trade as markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend amid positive sentiment over U.S. monetary policy and Washington's debt ceiling bill. BOJ's Ueda: No set time frame for hitting 2% price target 2023-06-02T04:00:00Z OPEC+ sources said the new targets for Angola and Nigeria were still higher than the countries can realistically pump, which means they do not have to perform real cuts. Inside OPEC+, Saudi 'lollipop' oil cut was a surprise too 2023-06-09T04:00:00Z A fourth source said the idea of formalising the voluntary cuts as an OPEC+ decision was being looked at. OPEC+ unlikely to agree bigger oil cuts on Sunday, sources say 2023-06-02T04:00:00Z Crude oil prices edged off four-week lows following a surprise swing back to growth in a private survey of Chinese factory activity, with an OPEC+ meeting looming on the weekend. Asia stocks gain as Fed hike bets recede, debt vote eases nerves 2023-06-01T04:00:00Z Other market observers have pointed to weak manufacturing data out of China and the U.S. as supporting the case for OPEC+ cuts. Oil prices rise as market awaits possible OPEC+ cuts 2023-06-02T04:00:00Z Investors were also watching the upcoming June 4 meeting of OPEC+, the Organization of the Petroleum Exporting Countries and allies including Russia, after mixed signals so far on whether further cuts are likely. Oil falls after large surprise build in US crude stocks 2023-06-01T04:00:00Z The Saudi cut could also give the kingdom more leverage in coming months to pressure countries that are not cutting output and yet benefit from others' cuts, one OPEC+ source said. Inside OPEC+, Saudi 'lollipop' oil cut was a surprise too 2023-06-09T04:00:00Z But Russian Deputy Prime Minister Alexander Novak subsequently said he did not expect any new steps from OPEC+ in Vienna, Russian media reported. OPEC+ unlikely to agree bigger oil cuts on Sunday, sources say 2023-06-02T04:00:00Z "Please note that this invitation is exclusive to the recipient," said an invitation from OPEC's Public Relations Department seen by Reuters and sent to a journalist at another media outlet. OPEC has not invited Reuters, Bloomberg to report on weekend policy meets 2023-05-31T04:00:00Z Investor attention is now fixed on the upcoming June 4 meeting of the Organization of the Petroleum Exporting Countries and allies including Russia, collectively called OPEC+. Oil prices rise as market awaits possible OPEC+ cuts 2023-06-02T04:00:00Z "We continue to think OPEC+ will take a flexible approach – if the expected deficit does not materialise in the summer, we could see further cuts from the organisation." Will OPEC+ announce more output cuts? Analysts have their say 2023-05-31T04:00:00Z "To avoid free rider behaviour, Saudi Arabia could threaten to put 1 million bpd back on the market within 30 days, which would lead to a drop in prices," another OPEC+ source said. Inside OPEC+, Saudi 'lollipop' oil cut was a surprise too 2023-06-09T04:00:00Z OPEC+ surprised the market in April with output cuts that briefly drove up oil prices. Economic fears to cap oil prices below $90 through 2023 2023-05-31T04:00:00Z Congress will pass the U.S. debt ceiling pact and as mixed messages from major producers clouded the supply outlook ahead of the OPEC+ meeting this weekend. Factbox: Companies invest in EV battery factories in Europe 2023-05-31T04:00:00Z Congress will pass the U.S. debt ceiling pact and as mixed messages from major producers clouded the supply outlook ahead of the OPEC+ meeting this weekend. JPMorgan's Dimon says US, China need to have 'real engagement' 2023-05-31T04:00:00Z However, OPEC+ needs the market to realize that fundamentals matter and not everything boils down to pure macro signals, Katona added. Will OPEC+ announce more output cuts? Analysts have their say 2023-05-31T04:00:00Z As well as the Saudi cut, OPEC+ lowered its collective production target for 2024 and the nine participating countries extended the April voluntary cuts to the end of 2024. Inside OPEC+, Saudi 'lollipop' oil cut was a surprise too 2023-06-09T04:00:00Z The debt deadline nearly coincides with the June 4 meeting of OPEC+ - the Organization of the Petroleum Exporting Countries and allies including Russia. Oil edges up after steep losses ahead of US debt ceiling vote 2023-05-31T04:00:00Z Energy companies were lower as the price of U.S. crude dipped below $70 a barrel ahead of OPEC’s meeting in early June. Nvidia, Coherent rise; Big Lots, Skyline Champion fall 2023-05-30T04:00:00Z OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and other allies, surprised the market on April 2 with further output cuts that pushed up the price of oil. Factbox: What have OPEC+ producers said ahead of June oil policy meeting? 2023-05-30T04:00:00Z But going into the meeting this weekend, OPEC+ has given mixed signals on whether further cuts are likely, keeping oil prices volatile recently. Will OPEC+ announce more output cuts? Analysts have their say 2023-05-31T04:00:00Z "Investors have shifted their attention to the outcome of the OPEC+ meeting this weekend as there have been mixed messages from major oil producers," said Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd. Oil rises on U.S. debt deal, but rate hikes, OPEC+ talks curb enthusiasm 2023-05-30T04:00:00Z Some investors took the warning as a signal that OPEC+, the Organization of Petroleum Exporting Countries and allies including Russia, could consider further output cuts at a meeting on June 4. Oil climbs after US leaders strike provisional debt deal 2023-05-28T04:00:00Z Benchmarks had settled more than $2 per barrel lower on Thursday, after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting in Vienna on June 4. Oil steady as markets await clarity on OPEC's next policy move 2023-05-26T04:00:00Z Here is what OPEC+ producers have said so far: Factbox: What have OPEC+ producers said ahead of June oil policy meeting? 2023-05-30T04:00:00Z Oil prices were little changed on Thursday as uncertainty over whether the United States will avoid a debt default weighed against the prospect of further OPEC+ production cuts. Taiwan says software problems delaying new F-16 deliveries 2023-05-25T04:00:00Z Some investors took that as a signal that the Organization of Petroleum Exporting Countries and allies including Russia, together called OPEC+, could consider further output cuts at a meeting on June 4. Oil prices fall on US debt uncertainty 2023-05-25T04:00:00Z However, Russian Deputy Prime Minister Alexander Novak said last week he expected no new steps from OPEC+ as a decision on voluntary production cuts was made just a month back. Oil climbs after US leaders strike provisional debt deal 2023-05-28T04:00:00Z Some investors interpreted that as a signal OPEC+ could consider further output cuts. Oil steady as markets await clarity on OPEC's next policy move 2023-05-26T04:00:00Z Tuesday's comments by the prince were interpreted by some investors as a signal that OPEC+ could consider further output cuts. Factbox: What have OPEC+ producers said ahead of June oil policy meeting? 2023-05-30T04:00:00Z Crude gained, though, as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts. Asia stocks falter, NZ dlr stumbles as RBNZ signals hikes over 2023-05-24T04:00:00Z Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ output cuts. New York Times union reaches tentative deal with the newspaper 2023-05-24T04:00:00Z Meanwhile, production cuts by some OPEC+ members take effect this month. Oil prices rise on concerns over tightening supply 2023-05-24T04:00:00Z Voluntary production cuts by the Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, that went into effect this month are also expected to keep oil markets tight. Oil prices rise on outlook for higher gasoline demand, tighter supply 2023-05-23T04:00:00Z Russian Deputy Prime Minister Alexander Novak said on Thursday he expected no new steps from OPEC+ in Vienna, Russian media reported. Factbox: What have OPEC+ producers said ahead of June oil policy meeting? 2023-05-30T04:00:00Z "Latest export data suggest that the eight OPEC+ producers are delivering on their pledges to cut supply," JP Morgan analyst said in a note. Oil edges up on supply worries, G7 pledge to enforce Russian price caps 2023-05-22T04:00:00Z Gulf states have tried to remain neutral in the Ukraine conflict despite Western pressure on Gulf oil producers to help isolate Russia, a fellow OPEC+ member. Ukraine's Zelenskiy lands in Jeddah to attend Arab League, al-Hadath TV reports 2023-05-19T04:00:00Z The month-over-month inflation rate was driven by gasoline prices, which posted the largest monthly increase since October, following an announcement from OPEC+ to cut oil output, Statscan said. Canada's annual inflation rate unexpectedly speeds up to 4.4% in April 2023-05-16T04:00:00Z Global crude supplies could also tighten in the second half as OPEC+ - the Organization of the Petroleum Exporting Countries and allies including Russia - plan additional output cuts. Oil prices extend gains on US plans to refill reserve, Canada's wildfires 2023-05-16T04:00:00Z Novak later added in a statement that OPEC+ would make a decision on what is best for the oil market. Factbox: What have OPEC+ producers said ahead of June oil policy meeting? 2023-05-30T04:00:00Z Still, global crude supplies could tighten in the second half as OPEC+, the Organization of the Petroleum Exporting Countries and their allies including Russia, are making additional output cuts that is reducing sour crude availability. Oil falls as economic concerns offset prospect of tighter supplies 2023-05-15T04:00:00Z Gasoline prices rose last month after Saudi Arabia and other OPEC+ oil producers announced further oil output cuts. US consumer prices increase solidly in April 2023-05-10T04:00:00Z A round of voluntary output cuts by some members of the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, begins this month and the group holds its next meeting on June 4. Oil prices dip in cautious trade ahead of U.S. inflation data 2023-05-09T04:00:00Z In the time since, Biden vowed there would be “consequences” over oil production cuts by OPEC+, a group that includes Russia. White House national security adviser meets Saudi prince 2023-05-07T04:00:00Z Last October, after the OPEC+ alliance cut oil production, Biden said there would be consequences for the kingdom, which is a leading member. Biden dispatching top aide to meet with Saudi crown prince 2023-05-04T04:00:00Z However, Iraq does not expect OPEC+ to make further cuts to oil output at its next meeting in June, its oil minister Hayan Abdel-Ghani said. Oil falls as economic concerns offset prospect of tighter supplies 2023-05-15T04:00:00Z Also, weaker Chinese manufacturing data was outweighing support from OPEC+ supply cuts slated for this month. Wall St stocks, dollar gain with data; Fed, earnings in the wings 2023-05-01T04:00:00Z Which our friends the Saudis might help with if they, and OPEC, push too far. Time to kick the oil addiction before climate change overwhelms us 2023-04-28T04:00:00Z The market rallied following the OPEC+ announcement, but has weakened in response to concerns about recession and the impact that would have on demand. Oil set for second weekly drop as recession fears, rates cloud outlook 2023-04-28T04:00:00Z The administration saw the oil production cut — which boosted oil prices — as softening the financial blow on another OPEC+ member, Russia, caused by U.S. and Western sanctions imposed on Moscow for its war in Ukraine. Biden dispatching top aide to meet with Saudi crown prince 2023-05-04T04:00:00Z "The market is also questioning the validity of OPEC's recent production cut amid strong exports of Russian crude." Oil prices rebound after recession fear, Russia exports fuelled earlier losses 2023-04-27T04:00:00Z Biden has also struggled with long-time ally Saudi Arabia, which has backed oil output cuts from OPEC+ that the United States says are unnecessary. Explainer: Biden 2024: His record so far on the economy, immigration, civil rights 2023-04-26T04:00:00Z And they don’t address the heart of the problem: We Americans are addicted to climate-changing oil and use so much of it, we’re still importing from Saudi Arabia and OPEC. Time to kick the oil addiction before climate change overwhelms us 2023-04-28T04:00:00Z Markets have been choppy in the past month, falling to around $70 a barrel amid concerns of a banking crisis before rebounding on a surprise cut by OPEC+. Halliburton beats quarterly profit estimates as pricing improves 2023-04-25T04:00:00Z He said a recent decision by OPEC+ to support commodity prices through an output cut is providing operators with increased confidence. Oilfield services giant SLB beats first-quarter profit estimates 2023-04-21T04:00:00Z U.S. oil prices have swung from around $64 a barrel in mid-March over concerns of a banking crisis to back over $80 a barrel after OPEC+ announced a surprise production cut. Oilfield firm Baker Hughes beats profit estimate 2023-04-19T04:00:00Z Elsewhere, Brent crude futures were steady at $84.79 a barrel, roughly where they have traded for a few weeks since OPEC+ announced surprise production cuts. Stocks slip as focus falls back on Fed 2023-04-19T04:00:00Z The global oil market will likely tighten in the second half of 2023 after the recent decision by OPEC+ to cut oil production, Spencer Dale, BP plc's chief economist said on Tuesday. Exclusive: Airbus advises airlines of 2024 delays, keeps output goals 2023-04-18T04:00:00Z However it has warned that output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit expected in the second half of the year and could hurt consumers and global economic recovery. Oil steady as markets look ahead to China GDP data 2023-04-18T04:00:00Z The White House summary did not mention the surprise decision earlier this month by Saudi-led OPEC+ to cut oil production. White House hails Yemen steps after meeting with Saudi crown prince 2023-04-15T04:00:00Z "The rapid upheaval in global crude trade flows, may in part explain the recent decision by OPEC+ to cut production," the IEA said. OPEC+ cuts partly due to reshaping of global oil flows, IEA says 2023-04-14T04:00:00Z And jet fuel prices, which have dropped since January, could surge because of OPEC’s surprising decision to cut oil production. Airline stocks shares fall on American’s so-so 1Q outlook 2023-04-12T04:00:00Z Gasoline prices are likely to rebound in the months ahead after Saudi Arabia and other OPEC+ oil producers early this month announced further oil output cuts. US consumer prices rise moderately in March; underlying inflation still hot 2023-04-12T04:00:00Z The IMF forecasts do not include the impact of a recent oil output cut by OPEC+ countries that has caused oil prices to spike. IMF warns deeper financial turmoil would slam global growth 2023-04-11T04:00:00Z The group known as OPEC+ will be cutting mostly sour crude supplies from Middle East producers. Oil edges higher on prospect of tighter supplies 2023-04-10T04:00:00Z Oil prices eased after the shock at the start of the week from OPEC+ to cut production. EUROPE Weary markets wary of recession 2023-04-06T04:00:00Z Prices jumped by more than 6% on Monday after the Organization of the Petroleum Exporting Countries and allies including Russia, collectively known as OPEC+, pledged voluntary production cuts. Oil prices ease as weak economic data clouds demand prospects 2023-04-05T04:00:00Z Escalating oil prices following the OPEC+ group's output cuts have also worsened the outlook for inflation, adding to investors' anxiety. Futures fall as investors await key economic data amid recession fears 2023-04-05T04:00:00Z Commodity markets are settling after Monday's surge in oil prices on news of surprise OPEC+ production cuts. Stocks struggle as US jobs dry up, kiwi leaps on RBNZ surprise 2023-04-05T04:00:00Z Oil prices rose in early Asian trade on Wednesday on anticipated U.S. crude inventory declines and OPEC+'s latest output cut targets. Japan's March service-sector grows at fastest rate in over nine years - PMI 2023-04-05T04:00:00Z Oil prices rose in early Asian trade on Wednesday on anticipated U.S. crude inventory declines and OPEC+'s latest output cut targets. Dollar struggles near 2-month low on weak data; focus on RBNZ 2023-04-05T04:00:00Z The data offset market's reaction to earlier OPEC+ cuts and the recent reduction of U.S. crude and fuel stockpiles. Oil prices ease as weak economic data clouds demand prospects 2023-04-05T04:00:00Z Oil prices rose in early Asian trade on Wednesday on anticipated U.S. crude inventory declines and OPEC+'s latest output cut targets. Philippine annual inflation eases to 7.6% in March 2023-04-05T04:00:00Z Oil prices were little changed in choppy trading on Tuesday as investors weighed OPEC+ planned production cuts against weak U.S. and Chinese economic data that could suggest cooling oil demand. Walmart says 65% of stores will be serviced by automation in 2026, keeps forecast 2023-04-04T04:00:00Z The International Energy Agency, which represents 31 countries including top consumer the United States, also expects demand growth to exceed supply growth, although to a smaller extent than OPEC. Analysis: OPEC+ in driver's seat as oil supply growth lags demand 2023-04-04T04:00:00Z OPEC+, which supplies about 60% of the world's petroleum trade, called the cuts a precautionary measure to support a stable market. Explainer: How will OPEC's production cut affect US gasoline prices? 2023-04-04T04:00:00Z The chances of a 25 basis point hike had jumped on Monday as oil prices after a surprise announcement by OPEC+ to cut more production, seen likely adding to inflationary pressures. Traders bet Fed won't raise rates further as job market cools 2023-04-04T04:00:00Z Oil prices were little changed in choppy trading on Tuesday as investors debated OPEC+ plans to cut more production and weak economic data from the United States and China that could hurt oil demand. Tesla to warn of data privacy risk from car security cameras in Germany 2023-04-04T04:00:00Z Iraq, OPEC’s second largest oil producer, filed for arbitration against Turkey in 2014 after the Kurdish region sidelined Iraq’s state-owned oil marketing company, SOMO, and began exporting crude oil through the neighboring country. Officials reach deal to restart northern Iraq oil exports 2023-04-04T04:00:00Z "OPEC wants and needs a higher price, and they are back in the driver's seat to obtaining their wishes." Analysis: OPEC+ in driver's seat as oil supply growth lags demand 2023-04-04T04:00:00Z Saudi Arabia is OPEC's de facto leader and one of the world's leading producers and exporters of crude oil. Explainer: How will OPEC's production cut affect US gasoline prices? 2023-04-04T04:00:00Z Oil prices rose on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors' attention shifting to demand trends and the impact of higher prices on the global economy. Ford's quarterly U.S. auto sales jump 10.1% on pent up demand, easing supply 2023-04-04T04:00:00Z Oil prices rose on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors' attention shifting to demand trends and the impact of higher prices on the global economy. Natura focused on 'disciplined allocation' after Aesop sale -CEO 2023-04-04T04:00:00Z Oil prices rose on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors' attention shifting to demand trends and the impact of higher prices on the global economy. IMF calls for rules on non-bank financial sector to prevent turmoil 2023-04-04T04:00:00Z An OPEC+ source, asked if OPEC+ is in the driver's seat when it comes to the oil market now, said: "We are not in the passenger seat". Analysis: OPEC+ in driver's seat as oil supply growth lags demand 2023-04-04T04:00:00Z OPEC's reason for cutting production - as a precautionary step - suggests it expects global oil demand to slow this year. Explainer: How will OPEC's production cut affect US gasoline prices? 2023-04-04T04:00:00Z OPEC's surprise oil production cuts could lead to higher demand for U.S. oil in Europe and Asia and could encourage some other producers to boost output, industry executives and analysts said on Monday. Factbox: Virgin Orbit bankruptcy echoes Branson's past troubled ventures 2023-04-04T04:00:00Z OPEC’s move closely follows an announcement by Russia to cut oil output by 500,000 barrels a day beginning in March. Surging oil prices could again frustrate inflation fight 2023-04-03T04:00:00Z On Monday, gains in energy shares helped lift world stock indexes following the surprise OPEC+ group's new production cuts that could push oil prices toward $100 a barrel. Asia stocks wobble as OPEC+ output cuts, weak US data raise uncertainty 2023-04-04T04:00:00Z OPEC+ does not have a target for oil prices. Analysis: OPEC+ in driver's seat as oil supply growth lags demand 2023-04-04T04:00:00Z The sluggish U.S. economic data overshadowed renewed inflation fears after the OPEC+ group jolted markets with plans to cut more production, a move which sent oil benchmarks jumping 6% on Monday. Dollar slides on sluggish US data, Aussie steadies ahead of RBA 2023-04-04T04:00:00Z "The buying spree from the OPEC+ output cut has calmed down and market attention has shifted to the future demand outlook," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities. Oil prices steady as investor focus shifts to demand outlook 2023-04-04T04:00:00Z Oil prices jumped by more than 6% on Monday, headed for its biggest daily rise in nearly a year after OPEC+ jolted markets with plans to cut more production. Disney shareholders back CEO Iger, chairman Parker and other board nominees 2023-04-03T04:00:00Z OPEC+ on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise decision that analysts said would cause an immediate rise in prices and the United States called inadvisable. US energy stocks join European peers' rally after surprise oil output cut 2023-04-03T04:00:00Z The Saudi Arabian energy ministry said the voluntary output cut from the kingdom, the kingpin of OPEC+, was a precautionary measure aimed at supporting oil market stability. Analysis: OPEC+ in driver's seat as oil supply growth lags demand 2023-04-04T04:00:00Z The dollar wobbled on Tuesday after a slump in U.S. manufacturing activity last month pointed to further signs of a slowing economy and trumped renewed inflation concerns following OPEC+'s surprise output cut. Dollar slides on sluggish US data, Aussie steadies ahead of RBA 2023-04-04T04:00:00Z The OPEC+ production curbs led most analysts to raise their Brent oil price forecasts to around $100 per barrel by year-end. Oil prices steady as investor focus shifts to demand outlook 2023-04-04T04:00:00Z Here are the main reasons why OPEC+ is cutting output: Why is OPEC cutting oil output? 2023-04-03T04:00:00Z All are members of the so-called OPEC+ group of oil exporting countries, which includes the original Organization of the Petroleum Exporting Countries as well as Russia and other major producers. Saudis, other oil giants announce surprise production cuts 2023-04-02T04:00:00Z Saudi Arabia, OPEC’s dominant member, said Sunday that the move is “precautionary” to avoid a deeper slide in oil prices. Oil producers’ cuts could boost gasoline prices, help Russia 2023-04-03T04:00:00Z The decision signals unity within OPEC+ despite Washington's pressure on its Gulf allies to weaken their ties with Moscow, while also undermining the West's efforts to limit Russia's oil income. OPEC+ cuts put $100/barrel oil back in sight 2023-04-03T04:00:00Z An aggravating jump in crude oil prices greets the start of the second quarter as investors try to figure out whether OPEC's surprise weekend output cut frustrates disinflation or just reflects weakening world demand. Morning Bid: Crude cut complicates Q2 2023-04-03T04:00:00Z "The latest cut would hurt those who bet against oil really badly," said a source familiar with OPEC+ thinking. Why is OPEC cutting oil output? 2023-04-03T04:00:00Z The Indian rupee fell against the U.S. dollar on Monday, as an unexpected output cut by oil producing club OPEC+ sent crude prices higher and weighed on Asian currencies. Why U.S. natural gas output keeps rising as prices sink 2023-04-03T04:00:00Z Part of the October cut of 2 millions barrels per day was on paper only as some OPEC+ countries aren’t able to produce their share. Oil producers’ cuts could boost gasoline prices, help Russia 2023-04-03T04:00:00Z "The new cuts are underpinning that the OPEC+ group is intact and that Russia is still an integral and important part of the group," SEB analyst Bjarne Schieldrop said. OPEC+ cuts put $100/barrel oil back in sight 2023-04-03T04:00:00Z The Indian rupee fell against the U.S. dollar on Monday, as an unexpected output cut by oil producing club OPEC+ sent crude prices higher and weighed on Asian currencies. Morning Bid: Crude cut complicates Q2 2023-04-03T04:00:00Z However, excessively high oil prices represent a risk for OPEC+ as they speed up inflation, including for goods the group needs to purchase. Why is OPEC cutting oil output? 2023-04-03T04:00:00Z Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day, threatening an immediate rise in prices. S&P, Nasdaq futures fall on inflation worries after OPEC+ output cut 2023-04-03T04:00:00Z Governments announced the decision outside the usual OPEC+ framework. Oil producers’ cuts could boost gasoline prices, help Russia 2023-04-03T04:00:00Z Traders are also watching for a response from the United States, which called OPEC+'s move inadvisable. OPEC+ cuts put $100/barrel oil back in sight 2023-04-03T04:00:00Z The Indian rupee fell against the U.S. dollar on Monday, as an unexpected output cut by oil producing club OPEC+ sent crude prices higher and weighed on Asian currencies. US first-quarter auto sales set to rise on better inventory 2023-04-03T04:00:00Z Goldman Sachs said OPEC's power has increased in recent years as U.S. shale responses to higher prices have become slower and smaller, in part because of pressure on investors to stop funding fossil fuel projects. Why is OPEC cutting oil output? 2023-04-03T04:00:00Z The Indian rupee fell against the U.S. dollar on Monday, as an unexpected output cut by oil producing club OPEC+ sent crude prices higher and weighed on Asian currencies. S&P, Nasdaq futures fall on inflation worries after OPEC+ output cut 2023-04-03T04:00:00Z Major stock markets in the Gulf rose in early trade on Monday, tracking oil prices higher following a surprise announcement by OPEC+ to cut more production. UniCredit kicks off first tranche of share buyback for 2.34 bln euros 2023-04-03T04:00:00Z Meanwhile, Saudi Arabia maintained a close relationship with Russia as part of the OPEC+ group. Analysis: Saudi prince pivots to peace after years of war 2023-04-02T04:00:00Z "Today's surprise cut is consistent with the new OPEC+ doctrine to act pre-emptively because they can without significant losses in market share," Goldman said. Oil prices jump in blow to global inflation hopes 2023-04-03T04:00:00Z Washington has called the latest move by OPEC+ inadvisable. Why is OPEC cutting oil output? 2023-04-03T04:00:00Z The OPEC+ cuts caused immediate oil price increases of more than 6% on Monday. Dollar gains as inflation worries resurface after OPEC+ surprise 2023-04-03T04:00:00Z The group known as OPEC+ had been expected to maintain its earlier decision to cut output by 2 million bpd until December. Oil soars more than $5 per barrel, jolted by surprise OPEC+ output cuts 2023-04-02T04:00:00Z Asia will awake to another important breaking news story: An OPEC+ surprise 1.16 million barrels per day output cut announced on Sunday, which could well send crude prices higher on Monday. Morning Bid: A holiday kickoff to the second quarter, and a US jobs report 2023-04-02T04:00:00Z The change comes before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia. Oil prices jump in blow to global inflation hopes 2023-04-03T04:00:00Z The United States is considering passing legislation known as NOPEC, which would allow the seizure of OPEC's assets on U.S. territory in the event market collusion is proved. Why is OPEC cutting oil output? 2023-04-03T04:00:00Z OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies led by Russia, is due to hold a virtual meeting of its ministerial monitoring panel, which includes Russia and Saudi Arabia, on Monday. OPEC+ unlikely to tweak oil policy in Monday talks - delegates 2023-03-30T04:00:00Z “Today’s surprise cut is consistent with the new OPEC+ doctrine to act pre-emptively because they can without significant losses in market share,” the bank said. Oil soars more than $5 per barrel, jolted by surprise OPEC+ output cuts 2023-04-02T04:00:00Z OPEC+ officials, hedge fund managers and oil market participants have called the recent decline in oil prices speculative and insisted that increasing demand will push prices to higher levels in the coming months. Oil slips after unexpected build in U.S. crude stocks 2023-03-22T04:00:00Z "The involvement of the largest OPEC+ members suggest that adherence to production cuts may be stronger than has been the case in the past," said Vivek Dhar, an energy analyst at CBA. Oil prices jump in blow to global inflation hopes 2023-04-03T04:00:00Z The IEA's prediction never materialised though, prompting OPEC+ sources to say it was politically driven and designed to help boost U.S. Why is OPEC cutting oil output? 2023-04-03T04:00:00Z Another said the Kurdistan curbs and recent price drops were not sufficiently important to affect the overall OPEC+ policy path for 2023. OPEC+ unlikely to tweak oil policy in Monday talks - delegates 2023-03-30T04:00:00Z Goldman estimated the output reduction could provide a 7% boost to oil prices, contributing to higher Saudi and OPEC+ oil revenues. Oil soars more than $5 per barrel, jolted by surprise OPEC+ output cuts 2023-04-02T04:00:00Z In October, Biden vowed there would be consequences for Riyadh after the OPEC+ oil alliance, led by Saudi Arabia and which includes Russia, decided to instead cut output targets. Saudi Arabia releases US national from prison, says son 2023-03-21T04:00:00Z OPEC+, which includes the world's top oil exporting countries and allies including Russia, is set for a meeting on April 3. Oil prices stabilize as banking deal eases some worries about crude appetite 2023-03-21T04:00:00Z The advisory committee of the Organization of the Petroleum Exporting Countries and their allies including Russia, a group known as OPEC+, will meet on April 3. Oil steadies as investors take stock of banking crisis 2023-03-17T04:00:00Z After those talks, the next full OPEC+ meeting is not until June. OPEC+ unlikely to tweak oil policy in Monday talks - delegates 2023-03-30T04:00:00Z More recently, after the OPEC+ oil cartel announced in October it was cutting production, Biden promised “consequences” for a move that the administration said was helping Russia. With Saudi deals, US, China battle for influence in Mideast 2023-03-15T04:00:00Z Last year, there were calls to freeze cooperation with Saudi Arabia, including most arms sales, amid accusations that it helped underwrite the Russian war with Ukraine after OPEC+ announced it would cut oil production. US senators adopt new strategy to push Saudi Arabia on human rights 2023-03-15T04:00:00Z OPEC, in the meantime, has committed to cut members' production by 2 million barrels per day, setting a floor on prices. CERAWEEK-OPEC, US energy chiefs to huddle again in Houston as rapport deepens 2023-03-06T05:00:00Z Further decline in prices may prompt OPEC+ to reduce supplies to prevent a forecast inventory build in the second quarter, analysts at National Australia Bank said in a note. Oil steadies as investors take stock of banking crisis 2023-03-17T04:00:00Z Even so, OPEC+ delegates did not raise any suggestion of further action to support the market after the recent price drop and predicted prices would stabilise - which they have since shown signs of doing. OPEC+ unlikely to tweak oil policy in Monday talks - delegates 2023-03-30T04:00:00Z The UAE has also maintained cooperation with Russia in the alliance of global producers known as OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies. Exclusive: Russian crude oil heads to UAE as sanctions divert flows 2023-03-06T05:00:00Z Meanwhile, the Organization of Petroleum Exporting Countries, or OPEC, cut production later in the year, keeping crude prices high. Report: World’s fossil fuel subsidies surged to $1 trillion after Ukraine invasion 2023-02-28T05:00:00Z When in October the OPEC+ oil alliance led by Saudi Arabia and which includes Russia decided to instead cut output targets, Biden vowed there would be consequences for Riyadh. Security drives U.S., Saudi efforts to overcome tensions 2023-02-17T05:00:00Z "Supply from OPEC+ is projected to contract with Russia pressured by sanctions," the Paris-based agency said in its monthly oil report. Resurgent China will drive 2023 oil demand but deficit could loom -IEA 2023-02-15T05:00:00Z Three other OPEC+ delegates also said any policy changes were unlikely on Monday. OPEC+ unlikely to tweak oil policy in Monday talks - delegates 2023-03-30T04:00:00Z Russia did not consult with the OPEC+ group of leading oil producers on its decision to reduce oil production by 500,000 barrels per day in March, a Russian government source said on Friday. Syrian govt approves humanitarian aid delivery across frontlines-state media 2023-02-10T05:00:00Z Asked if Russia consulted OPEC+ members about Moscow’s new production cut, Kremlin spokesman Dmitry Peskov said “there had been conversations with some members of the OPEC+” before the move was announced. Russia says it will cut oil production over Western caps 2023-02-10T05:00:00Z "Nevertheless, OPEC's continued constraint on supply should keep the market tight," they said. Oil prices edge higher as IEA's Birol talks up China demand outlook 2023-02-06T05:00:00Z The panel is expected to recommend keeping the oil producer group's current output policy unchanged when it meets this week, five OPEC+ delegates told Reuters on Monday. Oil slips on rate hike worries, Russian crude flows despite China performance 2023-01-31T05:00:00Z Falling oil prices are a problem for most OPEC+ members because their economies rely heavily on oil revenue. OPEC+ unlikely to tweak oil policy in Monday talks - delegates 2023-03-30T04:00:00Z Two OPEC+ delegates told Reuters on Monday that the panel was likely to recommend keeping the group's current oil output policy. Putin and Saudi crown prince discuss OPEC+ cooperation to maintain price stability -Kremlin 2023-01-30T05:00:00Z OPEC’s decision, which came just weeks before November midterm elections in which inflation and fuel prices were expected to shape voter decisions, generated a dramatic public White House rebuke. Biden vowed to punish Saudis over oil cut. That’s no longer the plan. 2023-01-26T05:00:00Z In response, Sir Keir has suggested a "clean power alliance" of countries to drive down the cost of renewables, to act as the "inverse of OPEC", the oil cartel that drives prices up. Starmer: UK car industry 'needs to be saved' 2023-01-19T05:00:00Z "OPEC's optimistic outlook on China's demand also supported the market sentiment," he said, predicting a bullish tone for this week. Oil prices extend gains on optimism over China's fuel demand recovery 2023-01-18T05:00:00Z Saudi Arabia's energy minister has said OPEC+ will stick to the reduced target until the end of the year. OPEC+ unlikely to tweak oil policy in Monday talks - delegates 2023-03-30T04:00:00Z Russia became the third-largest oil supplier to India in 2022, making up about 15% of total purchases, dragging down OPEC's share to the lowest in more than a decade, data obtained from industry sources show. Morale at Japan big manufacturers logs first negative reading in 2 years -Reuters Tankan 2023-01-17T05:00:00Z In the weeks after OPEC’s October meeting, the administration scrambled jets toward Iran when intelligence reports suggested Tehran was attempting an imminent attack on the kingdom. Biden vowed to punish Saudis over oil cut. That’s no longer the plan. 2023-01-26T05:00:00Z While OPEC's spare capacity is limited, traders see additional supplies coming from Guyana, Brazil and Canada, he said. Whiplash: energy markets start 2023 with biggest weekly dive in years 2023-01-06T05:00:00Z In October, after the Saudis joined OPEC+ in refusing to increase the flow of oil, Mr. Biden’s spokesmen said that we were reevaluating our relationship with the Saudis. Two tough years with Biden ahead 2023-01-02T05:00:00Z The rouble will be relatively resilient going forward though, Yangol added, expecting the oil price to be mainly driven by geopolitics and for OPEC+ to continue to trim its production in response to market fundamentals. Russian rouble slips again as volatile year-end trade continues 2022-12-28T05:00:00Z The minister added that the OPEC+ decision to cut oil output, which was heavily criticized, turned out to be the right one for supporting the stability of the market and the industry. Oil prices up as U.S. crude stocks seen falling, dollar eases 2022-12-21T05:00:00Z “There is absolutely no reason California should be held hostage and export our wealth to OPEC+ countries,” Rock Zierman, CEO of the California Independent Petroleum Association, said in a press release Tuesday. Push to repeal California anti-oil law inches closer to goal 2022-12-14T05:00:00Z Prices rose last year on worries of Europe freezing due to the loss of Russian fuel, as OPEC+ cut production targets and as critically low U.S. distillate stocks raised the prospect of fuel export curbs. Whiplash: energy markets start 2023 with biggest weekly dive in years 2023-01-06T05:00:00Z Crude supply remains constrained by OPEC+ output limits, sanctions following Russia's invasion of Ukraine and the lack of growth in U.S. shale. Column: China's re-opening and the J-curve in oil consumption 2022-12-13T05:00:00Z Moreover, a 2 million bpd OPEC+ output cut could be implemented in full to support prices, the bank said in a research note dated Dec. 9. Brent could quickly top $90/bbl on Fed pivot, China demand recovery - BofA 2022-12-12T05:00:00Z Gulf states have resisted Western pressure to break with Russia, a fellow member of the OPEC+ oil producer alliance which in October agreed cuts to output targets. UAE official says European ties with Gulf 'should not be transactional' 2022-12-10T05:00:00Z Earlier this year, the Biden administration accused Saudi Arabia of siding with Russia in the conflict by shepherding cuts by the OPEC+ cartel to boost the price of oil, crucial to funding Moscow’s war effort. US: Russia, Iran moving toward full defense ‘partnership’ 2022-12-09T05:00:00Z Analysts also attribute the drop in global oil prices to a weakening global economy, COVID-19 lockdowns in China and the OPEC+ group's decision to maintain steady production. Analysis: G7 Russian oil price cap evolves from revenue squeeze to market anchor 2022-12-06T05:00:00Z Most stock markets in the Gulf ended lower on Monday, with the Saudi index hitting its lowest in over 18 months, as OPEC+ kept output steady, while traders await the Federal Reserve meeting next week. Iran arrests 12 people linked to overseas agents - state media 2022-12-06T05:00:00Z The China re-opening optimism buoyed the oil price even as OPEC+ nations at the weekend held their targets steady despite last week's market speculation of another output cut. Morning Bid: China reopening as volatility ebbs 2022-12-05T05:00:00Z The UAE state has tried to remain neutral in the Russia-Ukraine war despite Western pressure on Gulf oil producers to help isolate Moscow, a fellow OPEC+ member. UAE, Ukraine to start talks on bilateral trade deal 2022-12-05T05:00:00Z “An institutionalized buyers’ cartel could threaten to erode OPEC+ price-setting power,” the research firm ClearView Energy Partners wrote in a note to clients late last week. As oil prices fall, OPEC Plus opts against cutting production further 2022-12-04T05:00:00Z With oil prices soaring, the White House welcomes a decision by OPEC+ nations to increase output. U.S.-Saudi ties through good times and bad 2022-12-05T05:00:00Z Algeria's energy minister said on Sunday that the OPEC+ decision to keep output unchanged was appropriate to market fluctuations, the country's state news agency reported. Bargains begin luring big banks back to China bets for 2023 2022-12-05T05:00:00Z Oil prices bounced after OPEC+ agreed to stick to its oil output targets at a meeting on Sunday. Asia shares pin hopes on China opening, oil rallies 2022-12-05T05:00:00Z "Given the unprecedented uncertainties, the OPEC+ watch and wait strategy appears very sound," RBC Capital Markets analysts said in a note. Oil rises after OPEC+ holds targets, China eases COVID curbs 2022-12-04T05:00:00Z U.S.-Saudi ties under Biden's administration, already strained over human rights and the Yemen war in which Riyadh leads a military coalition, have frayed further due to the Ukraine war and OPEC+ oil policy. Analysis: Saudi prince seeks Mideast leadership, independence with Xi's visit 2022-12-04T05:00:00Z OPEC+ agrees to cut oil output targets ahead of U.S. mid-term elections, leading Biden to pledge "consequences" for Saudi Arabia and accusing it of siding with Moscow. U.S.-Saudi ties through good times and bad 2022-12-05T05:00:00Z That uncertainty is the reason the OPEC+ alliance gave in October for a slashing production by 2 million barrels per day starting in November, a cut that remains in effect. OPEC keeps oil targets amid uncertainty on Russian sanctions 2022-12-04T05:00:00Z The news helped oil prices firm as OPEC+ nations reaffirmed their output targets ahead of a European Union ban and price caps on Russian crude, which kick off on Monday. Asia shares pin hopes on China opening, oil rallies 2022-12-05T05:00:00Z The 23-country OPEC+ alliance are scheduled to meet Sunday, a day ahead of the planned start of two measures aimed at hitting Moscow’s oil earnings in response to its war in Ukraine. OPEC+ oil producers face uncertainty over Russian sanctions 2022-12-04T05:00:00Z "It is unlikely there will be any change to the policy," an OPEC+ source said. OPEC+ seen heading for oil policy rollover, cut not ruled out 2022-12-02T05:00:00Z But those moves are threatening to the Saudis and other producers, analysts said, because they could mushroom into a form of buyers’ cartel, turning the tables on OPEC. OPEC and Russia to Meet as Global Forces Weigh on Oil Market 2022-12-02T05:00:00Z Analysts say that took less than the full amount off the market since OPEC+ members already can’t meet their full production quotas. OPEC keeps oil targets amid uncertainty on Russian sanctions 2022-12-04T05:00:00Z U.S. data will provide a reality check on the shifting nature of inflation while policy makers at Australia's central bank and OPEC+ ministers are due to meet. Take Five: Ready for that Santa rally? 2022-12-02T05:00:00Z Analysts at Clearview Energy Partners, on the other hand, expect OPEC+ to announce a production cut of 1 million barrels per day. OPEC+ oil producers face uncertainty over Russian sanctions 2022-12-04T05:00:00Z Some OPEC+ delegates and analysts are not ruling out a surprise at Sunday's meeting. OPEC+ seen heading for oil policy rollover, cut not ruled out 2022-12-02T05:00:00Z Before that, Moscow took advantage of OPEC’s production cuts to sell more of its own oil. OPEC and Russia to Meet as Global Forces Weigh on Oil Market 2022-12-02T05:00:00Z In the oil market, prices eased ahead of the OPEC's meeting over the weekend. Asian shares tentative ahead of U.S. payrolls data, dollar nurses losses 2022-12-02T05:00:00Z Representatives from OPEC+ crude producers meet on Sunday to discuss output targets for the world's top producers were expected to gather in person in Vienna for only the second time since the pandemic. Take Five: Ready for that Santa rally? 2022-12-02T05:00:00Z The impact had some limitations because OPEC+ countries already can’t meet their quotas. OPEC+ oil producers face uncertainty over Russian sanctions 2022-12-04T05:00:00Z JPMorgan, in a report this week, said OPEC+ was likely to hold the line at the meeting while leaving the door open to a cut of more than 500,000 bpd if demand deteriorates further. OPEC+ seen heading for oil policy rollover, cut not ruled out 2022-12-02T05:00:00Z Capping gains, the OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Wednesday. Oil edges higher on tight supply, China demand recovery optimism 2022-12-01T05:00:00Z OPEC+ meets virtually on Sunday to review its output policy and is not expected to make any changes. OPEC oil output drops in November after cut pledged -survey 2022-11-30T05:00:00Z "OPEC+ would rather sit on the bench at this time and assess the outcome of what happens on Monday," the source added. OPEC+ decision to hold virtual meeting signals little likelihood of policy change, cap on Russian oil awaited - source 2022-11-30T05:00:00Z The market was also watching the upcoming meeting by the Organization of the Petroleum Exporting Countries and allies including Russia, known as OPEC+. Oil up as U.S. crude stocks seen falling, OPEC+ concerns limit gains 2022-11-30T05:00:00Z If that were to persist, it could limit oil prices in the short term — something to watch as OPEC+ nations meet next week to determine production policy. Elon Musk Takes on a Goliath 2022-11-29T05:00:00Z U.S. oil prices hit their lowest this year overnight as concerns over Chinese demand warred with talk of possible OPEC+ output cuts. Asia shares take comfort in China property rally 2022-11-29T05:00:00Z Algeria cut about half of the pledged amount and Iraq, OPEC's second-largest producer which has been calling for its quota to be increased, barely lowered output in November, according to the survey. OPEC oil output drops in November after cut pledged -survey 2022-11-30T05:00:00Z Analysts at Eurasia Group suggested in a note on Monday that weakened demand out of China could spur OPEC+ to cut output. Oil prices slide on concerns over China's demand 2022-11-29T05:00:00Z WTI's trading range is expected to fall to $70-$75, he said, adding the market could stay volatile depending on the outcome of the OPEC+ meeting and the price cap on Russian oil. Oil drops more than $1 as China's COVID protests fuel demand worries 2022-11-28T05:00:00Z OPEC+ next meets to review output on Dec. 4. Oil prices climb on big drop in U.S. crude stocks, Russia supply uncertainty 2022-11-23T05:00:00Z Oil remained higher on Wednesday after top exporter Saudi Arabia said OPEC+ would maintain output cuts and could take further steps to balance the market. Asia shares gain despite Chinese COVID case numbers rising 2022-11-23T05:00:00Z Nigeria posted OPEC's largest increase, helped by higher exports of Forcados crude. OPEC oil output drops in November after cut pledged -survey 2022-11-30T05:00:00Z Saudi Arabia said OPEC+ was sticking with cuts and could take further measures to balance the market amid falling prices, denying a report it was considering boosting output, according to state news agency SPA. Iran to enrich uranium to 60% purity at Fordow nuclear site - TV 2022-11-22T05:00:00Z Investors are also focusing on the next meeting of the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, on Dec. 4. Oil drops more than $1 as China's COVID protests fuel demand worries 2022-11-28T05:00:00Z An increase of up to 500,000 barrels per day is now under discussion for OPEC+’s Dec. 4 meeting, the report said. Saudi Arabia eyes OPEC+ production increase -WSJ 2022-11-21T05:00:00Z Recession concerns have dominated this week even with the European Union's ban on Russian crude looming on Dec. 5 and the Organization of the Petroleum Exporting Countries and allies, together known as OPEC+, tightening supply. Oil climbs as dollar slips, but demand outlook clouds market 2022-11-18T05:00:00Z Last month, Biden pledged to impose consequences on Saudi Arabia after the OPEC+ oil producer alliance agreed to cut output targets over U.S. objections, saying Riyadh was siding with Russia, which is an OPEC+ member. Saudi Crown Prince travels to G20 summit -SPA 2022-11-14T05:00:00Z For October, with oil prices weakening on recession fears, the group made a 100,000 bpd cut to the OPEC+ production target, with an even bigger reduction starting in November. OPEC cuts oil demand growth forecast again as economic challenges mount 2022-11-14T05:00:00Z Saudi Arabia's energy minister said OPEC+ will remain cautious on oil production, noting that members saw "uncertainties" in the global economy ahead of the bloc's next meeting in December, Bloomberg News reported on Friday. At least 17 dead in Egypt after bus falls into canal - security sources 2022-11-12T05:00:00Z The Saudi-led OPEC+ cartel months later cut oil production in a blow to the Biden administration's efforts to contain domestic gas prices and inflation. Biden has no plans to meet with Saudi crown prince at G20, White House says 2022-11-12T05:00:00Z Energy companies are posting strong profits as crude and natural gas prices have soared following Western sanctions against major exporter Russia and OPEC+'s decision to tighten an already squeezed global supply. Diamondback Energy reports 82% rise in third-quarter profit 2022-11-07T05:00:00Z The administration says Biden has no plans to meet with Saudi Arabia’s Crown Prince Mohammed bin Salman, after the OPEC+ cartel embarrassed Biden by cutting production months after his July meeting with the crown prince. At global summits, Biden aims to assert America’s leadership 2022-11-06T04:00:00Z Meanwhile, growth has slowed in China, the pace of world trade is slipping and Saudi Arabia-led OPEC+ has cut oil production in order to prop up prices. Biden stumps on job growth, as voters dread inflation 2022-11-04T04:00:00Z "With Asian refiners set to ramp up refinery runs, with China's sizeable product export quota, and with OPEC's core producers dialing back on output, demand for U.S. crude is strong," he said. U.S. crude oil exports to Asia poised to hit record high 2022-11-03T04:00:00Z U.S. relations with Saudi Arabia have also been strained after the Riyadh-led alliance of oil producing nations, OPEC+, announced in October that it would cut production by 2 million barrels per day starting in November. Saudis tell US that Iran is prepping attack on kingdom 2022-11-01T04:00:00Z Another decade of oil demand growth would be a boost for OPEC, whose 13 members depend on oil income. OPEC raises long-term oil demand view, calls for investment 2022-10-31T04:00:00Z Reflecting on the spat with OPEC+, he told reporters: “People are allowed to have disagreements. It’s a lot less drama than people think.” OPEC+ 'only a phone call away' if world needs more oil - UAE minister 2022-10-31T04:00:00Z OPEC, led by Saudi Arabia, has insisted its decision came from concerns about the global economy. Saudi, UAE back OPEC cuts as US envoy warns of ‘uncertainty’ 2022-10-31T04:00:00Z When the pandemic ended and the demand for oil rose, OPEC+ countries only increased their output slightly. Why is there a global energy crisis and who might suffer most from it? 2022-10-29T04:00:00Z The administration said the production cut is effectively helping another OPEC+ member, Russia, pad its coffers as it continues its war in Ukraine, now in its ninth month. Saudis tell US that Iran is prepping attack on kingdom 2022-11-01T04:00:00Z Biden announced earlier this month that there would be “consequences” for Saudi Arabia after the Riyadh-led OPEC+ alliance moves to cut oil production. Biden to head to Cambodia, Egypt, Indonesia for summits 2022-10-28T04:00:00Z Suhail al-Mazrouei told a major industry event in Abu Dhabi that OPEC+, which groups the producer bloc with allies including Russia, can always be trusted to balance oil supply and demand. OPEC+ 'only a phone call away' if world needs more oil - UAE minister 2022-10-31T04:00:00Z Oil prices got another boost this month when the OPEC+ alliance of oil-exporting countries decided to sharply cut production to support prices. Energy stocks get oil price support as recession looms 2022-10-27T04:00:00Z At the start of October, OPEC+ cut output again, by two million barrels a day. Why is there a global energy crisis and who might suffer most from it? 2022-10-29T04:00:00Z But relations between the United States and the world’s top swing producer have deteriorated markedly since then, precipitated by OPEC’s decision this month to reduce oil production. How Saudi Arabia’s Blowup With Biden Threatens Democrats in 2022 2022-10-25T04:00:00Z Since the OPEC+ decision, Saudi Arabia’s representative to the United Nations has condemned Russia’s annexation of four regions inside Ukraine. Amid oil spat, White House welcomes Saudi moves on Ukraine 2022-10-25T04:00:00Z OPEC+ faced one of its biggest clashes with the West after it agreed oil production cuts in October, a decision the U.S. administration called shortsighted. OPEC+ 'only a phone call away' if world needs more oil - UAE minister 2022-10-31T04:00:00Z Biden pledged that "there will be consequences" for U.S. relations with Saudi Arabia after the OPEC+ move. Saudi Arabia 'maturer guys' in spat with U.S., says energy minister 2022-10-25T04:00:00Z President Joe Biden has vowed "consequences" for U.S.-Saudi ties over an OPEC+ decision to cut oil output targets, which Riyadh defended as serving market stability. Airbus eyes Saudi deal for almost 40 A350 jets 2022-10-23T04:00:00Z President Joe Biden has vowed "consequences" for U.S.-Saudi ties over an OPEC+ decision this month to cut oil output targets, which Riyadh defended as serving market stability. Saudi forum set to draw U.S. business leaders despite tensions 2022-10-23T04:00:00Z "We've taken note since the OPEC+ cut that Saudi Arabia voted against Russia at the United Nations and also pledged $4 million to support Ukraine's reconstruction and humanitarian needs," Jean-Pierre told reporters. Amid oil spat, White House welcomes Saudi moves on Ukraine 2022-10-25T04:00:00Z OPEC+ producers rallied around top oil exporter Saudi Arabia after the United States accused it of pushing members into the cut. OPEC+ 'only a phone call away' if world needs more oil - UAE minister 2022-10-31T04:00:00Z Turkish Foreign Minister Mevlut Cavusoglu said on Friday it was not right for the United States to pressure Saudi Arabia after OPEC+ oil producers announced production cuts despite U.S. objections. Palestinian militant killed by Israel in targeted explosion, group says 2022-10-23T04:00:00Z Turkish Foreign Minister Mevlut Cavusoglu said on Friday it was not right for the United States to pressure Saudi Arabia after OPEC+ oil producers announced production cuts despite U.S. objections. Israeli court gives Lebanon maritime deal a green light 2022-10-23T04:00:00Z The Biden administration plans to release 15 million barrels of oil from the U.S. strategic reserve to counter recent production cuts announced by OPEC+ nations. Los Angeles gas prices fall for 16th day in a row, likely to keep dropping 2022-10-21T04:00:00Z President Joe Biden said last week “there will be consequences” for U.S. relations with Saudi Arabia after OPEC+ announced it would cut its oil output target. Turkey says not right for U.S. to pressure Saudi Arabia over oil output 2022-10-21T04:00:00Z OPEC+ agreed on a production cut of 2 million barrels per day in early October. Oil near flat as inflation concerns contend with potential quarantine easing in China 2022-10-21T04:00:00Z Senate committee this week quietly advanced a bill that seeks to rein in OPEC+ after the oil producer group led by Saudi Arabia and Russia this month agreed to cut output. U.S. Senate panel advances bill to rein in OPEC+ over oil output cut 2022-10-19T04:00:00Z OPEC+, which groups the producer bloc with allies like Russia, announced last week that it would cut production by 2 million barrels per day to balance markets and quell volatility. Exclusive-U.S. says Russia oil price cap will not be aimed at OPEC 2022-10-19T04:00:00Z The OPEC+ production cut, which comes ahead of a European Union embargo on Russian oil, will squeeze supply in an already tight market. Oil prices rise on supply woes 2022-10-19T04:00:00Z Saudi Foreign Minister Prince Faisal bin Farhan has said the OPEC+ decision was purely economic and was taken unanimously by its member states. Turkey says not right for U.S. to pressure Saudi Arabia over oil output 2022-10-21T04:00:00Z The price has since dropped to $85, but could climb higher since OPEC, the oil cartel that includes Russia and Saudi Arabia, recently agreed to cut production by 2 million barrels a day. Starved of new talent: Young people are steering clear of oil jobs 2022-10-18T04:00:00Z Administration officials have teased that additional oil can be released from the U.S. strategic reserve as part of a response to recent production cuts announced by nations in OPEC+. Biden looks to increase oil supplies ahead of midterm voting 2022-10-18T04:00:00Z The Paris-based International Energy Agency grouping of consumer countries, including the United States said last week that the OPEC+ cut has driven up prices and could push the global economy into recession. Exclusive-U.S. says Russia oil price cap will not be aimed at OPEC 2022-10-19T04:00:00Z The OPEC+ oil producers group moved unanimously to cut output to prevent a crisis and stem a tide of volatility, OPEC's secretary-general told an energy conference in South Africa on Tuesday. EU seeks to boost infrastructure protection after Nord Stream blasts 2022-10-18T04:00:00Z The news come at a time when the Biden administration is looking to reevaluate its relationship with Saudi Arabia, after OPEC+ oil producers announced oil production cuts over U.S. objections. U.S. says it's raised concerns with Saudis over detention of U.S. citizen 2022-10-18T04:00:00Z Most of OPEC's member nations have had tense relations with the U.S. for decades, while Saudi Arabia has positioned itself as a strong U.S. ally all along. Oil, Russia and reckoning: OPEC's price hike as a history lesson 2022-10-18T04:00:00Z UAE also added that it supports the Saudi foreign ministry's statement regarding the latest OPEC+ decision and rejects statements that push for politicising it, WAM said. UAE says it fully stands with Saudi Arabia to support energy stability, security 2022-10-17T04:00:00Z Oil prices were trying to bounce after sinking more than 6% last week as fears of a demand slowdown outweighed OPEC's plans to cut output. Asia shares slip, make or break day for UK bonds 2022-10-17T04:00:00Z Expectations for further tightness in the oil market have been boosted by recent production cuts by OPEC+, as well as the European Union's plans to move off Russian crude by February. Wall St Week Ahead As U.S. markets churn, some stick with rare 2022 winner: energy shares 2022-10-14T04:00:00Z The United States was more dependent on foreign oil in the 1970s, he said, so OPEC’s aggressive moves led to gas rationing and lines at filling stations. War Colliding With Recession Risks Leave Energy Markets on Uncertain Path 2022-10-14T04:00:00Z Of OPEC's 13 member countries, five are in the Middle East and seven in Africa. Oil, Russia and reckoning: OPEC's price hike as a history lesson 2022-10-18T04:00:00Z Meanwhile, Saudi Arabia and the United States continued to clash over a decision by the Organization of Petroleum Exporting Countries and allies, known as OPEC+, last week to cut its oil production target. Oil slides as U.S. crude and gasoline stocks surge 2022-10-14T04:00:00Z Officials also took pains to tout OPEC+ as a stabilizing force in energy markets. Saudis angrily say U.S. oil accusations are political, unfounded 2022-10-13T04:00:00Z OPEC’s decision flew in the face of Mr. Biden’s thinly veiled public pleas and private lobbying to Saudi Arabia to keep production up. U.S. and Saudi officials trade shots over OPEC cuts, testing longstanding ties 2022-10-13T04:00:00Z A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could push the global economy into recession, the International Energy Agency said on Thursday. Ukrainians brace for blackouts, hard winter after Russia pummels power grid 2022-10-13T04:00:00Z But things aren't quite that simple, and OPEC's action didn't come out of the blue. Oil, Russia and reckoning: OPEC's price hike as a history lesson 2022-10-18T04:00:00Z A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could push the global economy into recession, the International Energy Agency said on Thursday. Russia says several arrested in foiled attack on TurkStream pipeline - Interfax 2022-10-13T04:00:00Z However, it stated that the U.S. “suggested” the cuts be delayed by a month as opposed to being implemented at OPEC’s Oct. Saudi Arabia says US sought a month delay of OPEC+ decision 2022-10-12T04:00:00Z He said other producers in OPEC+ had privately been ready to delay an announcement but they “felt coerced to support Saudi’s direction.” U.S. and Saudi officials trade shots over OPEC cuts, testing longstanding ties 2022-10-13T04:00:00Z On the issue of oil, Biden said Wednesday the administration would “react to Saudi Arabia” in response to the Riyadh-led OPEC+ alliance announcement last week that it would cut oil production. Biden global strategy tackles China, Russia, domestic needs 2022-10-12T04:00:00Z Sullivan echoed Biden's comments from earlier in the week that the U.S. is "reevaluating" its relationship with Saudi Arabia after OPEC+ announced last week that it would cut its oil production target over U.S. objections. Biden's national security plan aims at China, Russia 2022-10-12T04:00:00Z Crude prices were supported by oil supply concerns following last week's OPEC+ production targets, while a weaker dollar made gold more lustrous to buyers. TSX set to snap four-day losing streak, U.S. data in focus 2022-10-12T04:00:00Z The statement by the Saudi Foreign Ministry acknowledged that the kingdom had been talking to the U.S. about postponing OPEC+’s 2 million barrel cut announced last week. Saudi Arabia says US sought a month delay of OPEC+ decision 2022-10-12T04:00:00Z The president defended the trip last week following OPEC’s announcement, telling reporters that the visit “was not essentially about oil,” though he pledged this week that he would reevaluate the U.S. relationship with the Kingdom. U.S. and Saudi officials trade shots over OPEC cuts, testing longstanding ties 2022-10-13T04:00:00Z “This is something the president’s been thinking about certainly in light of OPEC’s decision last week.” Biden to review U.S. ties with Saudi Arabia, White House says 2022-10-11T04:00:00Z Last week, the Organization of the Petroleum Exporting Countries and allies including Russia, together known as OPEC+, decided to cut their output target by 2 million barrels per day. Oil prices extend decline on recession fears, China COVID curbs 2022-10-12T04:00:00Z OPEC’s decision also flew in the face of Mr. Biden’s thinly-veiled public pleas and private lobbying to Saudi Arabia to at least maintain global oil production quotas as gas prices peaked over the summer. Biden demands re-evaluation of U.S.-Saudi relationship after OPEC cuts 2022-10-11T04:00:00Z The ministry’s statement confirmed a Wall Street Journal article this week that also said the U.S. sought to delay the OPEC+ production cut until just before the midterm elections. Saudi Arabia says US sought a month delay of OPEC+ decision 2022-10-12T04:00:00Z Last Wednesday, OPEC+ announced a dramatic reduction in production quotas, by 2 million barrels per day. OPEC’s move to raise oil prices is all about Russia 2022-10-11T04:00:00Z President Vladimir Putin said on Tuesday that Russia was not working against anyone on energy markets, a week after Washington criticised a decision by OPEC+ to steeply cut oil production. SEC scrutiny into Wall Street communications widens to investment funds - sources 2022-10-11T04:00:00Z Tightening supply outlook after the OPEC+ announcement has now been "largely shrugged off by the market", ANZ said. Oil prices extend decline on recession fears, China COVID curbs 2022-10-12T04:00:00Z But OPEC’s announcement stands to chip away at Mr. Biden’s goodwill among voters. Biden demands re-evaluation of U.S.-Saudi relationship after OPEC cuts 2022-10-11T04:00:00Z The 2016 agreement gave birth to the so-called OPEC+, which joined the cartel in cutting production to help stimulate prices. Saudi Arabia says US sought a month delay of OPEC+ decision 2022-10-12T04:00:00Z If OPEC’s leaders were paying attention, they would see that Russian forces are in the process of being defeated in several regions in the air and on the ground. OPEC’s move to raise oil prices is all about Russia 2022-10-11T04:00:00Z The decision by OPEC+ to cut oil production by 2 million barrels a day has outraged the West, where many saw it as a move that would help Putin finance Russia’s action in Ukraine. Putin hosts United Arab Emirates leader for economic talks 2022-10-11T04:00:00Z The announcement came less than a week after OPEC+, a group of oil producers that includes the UAE and Russia, agreed steep oil production cuts in defiance of U.S. pressure. UAE president to meet Russia's Putin on Tuesday -WAM 2022-10-10T04:00:00Z The president defended the trip last week following OPEC’s announcement, telling reporters that the visit “was not essentially about oil.” Biden demands re-evaluation of U.S.-Saudi relationship after OPEC cuts 2022-10-11T04:00:00Z On Tuesday, Biden warned of repercussions for Saudi Arabia over the OPEC+ decision. Saudi Arabia says US sought a month delay of OPEC+ decision 2022-10-12T04:00:00Z The OPEC+ production cuts, which come ahead of a European Union embargo on Russian oil, will squeeze supply in an already tight market. Oil takes a breather, eases off 5-week highs 2022-10-10T04:00:00Z Oil prices edged higher after Brent climbed 11% last week in the wake of a deal on supply reductions by OPEC+. Stocks slip in Asia, brace for CPI and earnings 2022-10-09T04:00:00Z OPEC’s production cut could mean that it will be even harder to lower inflation, with more expensive gas requiring the Fed to take more drastic measures to bring down prices, costing even more jobs. Biden preaches patience to voters spooked by economic tumult 2022-10-09T04:00:00Z Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was "unhelpful and unwise" for the global economy, especially emerging markets, the Financial Times said on Sunday. U.S. says it will continue offering security assistance to Ukraine 2022-10-09T04:00:00Z The OPEC+ decision to cut oil production despite stiff U.S. opposition has further strained already tense relations between President Joe Biden's White House and Saudi Arabia's royal family, Reuters reported on Saturday. Kremlin praises OPEC+ for countering U.S. 'mayhem' 2022-10-09T04:00:00Z Oil prices had a robust summer but had begun declining before OPEC+ announced plans this week to reduce output, which sent oil futures to their biggest weekly gain since March. Newsom calls special legislative session to consider tax on excess oil company profits 2022-10-07T04:00:00Z West Texas Intermediate futures were trading around $92.51 a barrel on Friday, up more than $10 in just a week after OPEC+ said it would cut oil production by 2 million barrels per day. U.S. Midwest, Mountain West oil activity declines in third quarter - Fed survey 2022-10-07T04:00:00Z On Thursday, Mr. Biden told reporters he was “disappointed” by OPEC’s decision and looking into “alternatives.” Gas Prices in U.S. Rise for a Second Week After Refineries Shut Down 2022-10-07T04:00:00Z With Saudi Arabia in the lead, the OPEC+ oil cartel has announced a sharp cut in production of crude oil. With friends like the Saudis … 2022-10-07T04:00:00Z Kremlin spokesman Dmitry Peskov said it was very good that such "balanced, thoughtful and planned work of the countries, which take a responsible position within OPEC, is opposed to the actions of the U.S." Kremlin praises OPEC+ for countering U.S. 'mayhem' 2022-10-09T04:00:00Z Congress called for a sharp reduction in military sales to Saudi Arabia, as President Joe Biden on Thursday considered how to respond to plans by OPEC+ nations to cut oil output. BP looks to North Sea, U.S. shale for near-term oil and gas boost 2022-10-07T04:00:00Z Saudi Arabia is by far the biggest oil producer in OPEC, and thus calls the shots. Opinion | Biden gave Mohammed bin Salman a fist bump. His reward? A gut punch. 2022-10-06T04:00:00Z White House officials have also been exploring the possibility of easing sanctions on Venezuela to supplement some of the oil lost by OPEC’s cut to production. Biden’s Saudi trip faces new scrutiny after OPEC oil cut 2022-10-06T04:00:00Z Speaking to reporters, White House press secretary Karine Jean-Pierre said, “It’s clear that OPEC+ is aligning with Russia with today’s announcement.” With friends like the Saudis … 2022-10-07T04:00:00Z Treasury Secretary Janet Yellen said a decision by OPEC+ to cut oil production was "unhelpful and unwise" for the global economy, the Financial Times reported. Kremlin praises OPEC+ for countering U.S. 'mayhem' 2022-10-09T04:00:00Z Oil prices extended their rise after OPEC+ decided on its largest production target cut since 2020, with U.S. Morning Bid: Get the munchies, pass on the chips 2022-10-07T04:00:00Z However, both benchmarks were headed for weekly gains, fuelled by production cut announcement by OPEC+. Oil steady as focus turns to U.S. economic data 2022-10-07T04:00:00Z Such a large OPEC+ effective cut will likely warrant another response from the U.S. administration, and even a coordinated International Energy Agency SPR release, the bank noted. Goldman raises oil price forecasts on 'very bullish' OPEC+ cuts 2022-10-07T04:00:00Z Crude oil on Friday continued the climb triggered by OPEC+ output cuts announced this week. Asian stocks retreat on global recession angst; dollar firm 2022-10-07T04:00:00Z Senator Chuck Grassley said on Thursday he will try to add his bill pressuring OPEC+ to an annual defense policy bill after the group this week announced an oil production cut. Republican U.S. senator seeks to put bill pressuring OPEC+ onto defense bill 2022-10-06T04:00:00Z But, Wednesday’s announcement by OPEC+, a coalition of two dozen oil-producing countries, to cut oil production by 2 million barrels a day has the potential to affect California prices, officials said. Record-setting gas prices in Southern California fall slightly, but for how long? 2022-10-06T04:00:00Z The cut from the Organization of Petroleum Exporting Countries and allies including Russia, together known as OPEC+, is the largest reduction since 2020 and comes ahead of a European Union embargo on Russian oil. Oil steady as focus turns to U.S. economic data 2022-10-07T04:00:00Z The Organization of the Petroleum Exporting Countries or OPEC+ announced a reduction of 2 million barrels per day, the largest cut since 2020, in order to drive up the cost of oil. California taxpayers to get refunds starting Friday to help with rising costs of gas 2022-10-06T04:00:00Z But OPEC+, the group of oil-producing nations led by Saudi Arabia, moved Wednesday to cut oil production — a blow to the Biden administration, which worked hard to head off the move. Biden to designate Colorado's Camp Hale a national monument 2022-10-06T04:00:00Z President Joe Biden this week called on his administration and Congress to ways to boost American energy production and reduce OPEC+'s control over energy prices after what he called the cartel's "shortsighted" production cut. Juul to cancel overseas expansion, trim jobs - WSJ 2022-10-06T04:00:00Z The nationwide average could keep edging up, analysts said, as refining activity in the Midwest and West Coast is offset by OPEC's decision to lower output. Explainer: Why are U.S. fuel prices rising again? Will they keep going up? 2022-10-06T04:00:00Z President Joe Biden expressed disappointment on Thursday over OPEC+'s plans and he and officials said the United States was looking at all possible alternatives to keep prices from rising. Oil steady as focus turns to U.S. economic data 2022-10-07T04:00:00Z Adding to nerves around inflation on Thursday was a sharp rise in oil prices as OPEC+ agreed to tighten global crude supply with steep production cuts. European shares fall as investors fret about inflation, aggressive interest rates 2022-10-06T04:00:00Z Here is what to know about the OPEC+ decision and what it could mean for the economy and the oil price cap: EXPLAINER: How will OPEC+ cuts affect oil prices, inflation? 2022-10-06T04:00:00Z "But it is a disappointment," he added of the OPEC+ decision, and indicates problems. Biden says he is evaluating alternatives after disappointing OPEC+ decision 2022-10-06T04:00:00Z President Biden said Thursday he doesn’t regret his controversial visit to Saudi Arabia, even after the kingdom ignored his pleas to increase oil production and announced this week that OPEC+ would cut supply. Biden says he doesn’t regret Saudi trip, even as OPEC+ agrees to cut production 2022-10-06T04:00:00Z The average price for a gallon of regular gas in Los Angeles County hit $6.494, but despite the OPEC+ news, Californians should expect some relief at the pump soon. Newsom wants to tax oil companies for soaring gas prices. It'll be a bumpy road for motorists no matter what 2022-10-06T04:00:00Z Global shares rose on Thursday as the dollar eased ahead of U.S. jobs data that could offer a steer on the outlook for interest rates, while oil prices surged after OPEC+ agreed to cut output. Thai attacker was in court on drugs charge just before mass shooting - police 2022-10-06T04:00:00Z “We are going through a period of diverse uncertainties which could come our way, it’s a brewing cloud,” he said, and OPEC+ sought to remain “ahead of the curve.” EXPLAINER: How will OPEC+ cuts affect oil prices, inflation? 2022-10-06T04:00:00Z President Joe Biden expressed disappointment on Thursday over announced plans by OPEC+ nations to cut oil output and said the United States was looking at its alternatives. Biden says he is evaluating alternatives after disappointing OPEC+ decision 2022-10-06T04:00:00Z That culminated on Wednesday, when the Saudi-led OPEC+ announced it will slash oil production by 2 million barrels per day, the biggest cut since the start of the pandemic. Biden says he doesn’t regret Saudi trip, even as OPEC+ agrees to cut production 2022-10-06T04:00:00Z That move triggered a sharp response from Washington, which criticised the OPEC+ deal as shortsighted. OPEC+ cuts ahead of winter fan global inflation concerns 2022-10-06T04:00:00Z Its leaders, and all of OPEC, worried that the specter of global recession was driving prices down, from $120 a barrel over the summer to below $80. OPEC Move Shows the Limits of Biden’s Fist-Bump Diplomacy With the Saudis 2022-10-05T04:00:00Z “It’s a disappointment, and we’re looking at what alternatives we may have,” he told reporters about the OPEC+ decision. EXPLAINER: How will OPEC+ cuts affect oil prices, inflation? 2022-10-06T04:00:00Z Oil prices spiked higher on Wednesday after OPEC+ announced a whopping 2 million barrels a day production cut, yet Brent's year-on-year rise - which factors into inflation forecasting models - is 'only' 13%. Mixed inflation signals 2022-10-05T04:00:00Z Oil prices rose after the OPEC+ cartel ordered production cuts. How major US stock indexes fared Wednesday 10/5/2022 2022-10-05T04:00:00Z "It's a slap on Biden's face by OPEC+," he said, adding that ties between Russia and Saudi seem increasingly tight. OPEC+ cuts ahead of winter fan global inflation concerns 2022-10-06T04:00:00Z They said he would “consult Congress on additional tools and authorities to reduce OPEC’s control over energy prices.” OPEC Move Shows the Limits of Biden’s Fist-Bump Diplomacy With the Saudis 2022-10-05T04:00:00Z OPEC+ nations have agreed to cut the group’s output target by 2 million barrels of oil per day as they seek to halt a slide in oil prices. Where to find cheap gas as L.A. fuel prices hit another all-time high 2022-10-05T04:00:00Z "The President is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine," the statement said. Biden disappointed by 'shortsighted' cut by OPEC+, White House says 2022-10-05T04:00:00Z A big oil production cut by OPEC+ members will not spur new U.S. oil and gas production, energy executives told Reuters, despite the likely rise in prices that could signal higher profits and inflation pressures. Some French fuel stations run dry as refinery strike grinds on 2022-10-05T04:00:00Z The OPEC+ cuts compound supply concerns as European Union sanctions on Russian crude and oil products take effect in December and February, respectively. OPEC+ cuts ahead of winter fan global inflation concerns 2022-10-06T04:00:00Z A big oil production cut by OPEC+ members will not spur new U.S. oil and gas production, energy executives told Reuters, despite the likely rise in prices that could signal higher profits and inflation pressures. France to turn off hot water in public offices to save energy 2022-10-05T04:00:00Z OPEC+ justified its decision by saying it was based on “uncertainty that surrounds the global economic and oil market outlooks, and the need to enhance the long-term guidance for the oil market.” OPEC+ to slash oil output by 2 million barrels per day despite pressure from Washington 2022-10-05T04:00:00Z That token cut didn’t do much to boost lower oil prices, but it put markets on notice that OPEC+ was willing to act if prices kept falling. OPEC+ weighs large oil cutback to boost sagging prices 2022-10-05T04:00:00Z The group may also announce that it is extending the overall cooperation agreement among OPEC, Russia and other producing countries, which is set to expire in December. OPEC and Russia meet today, with a big cut in oil output on the table. 2022-10-05T04:00:00Z The move by OPEC+ prompted warnings from oil importing emerging markets, some of which have become particularly vulnerable to price shocks amid recent global supply snags. OPEC+ cuts ahead of winter fan global inflation concerns 2022-10-06T04:00:00Z The United States is pushing OPEC+ producers not to go ahead with deep cuts, a source familiar with the matter told Reuters, as President Joe Biden looks to prevent a rise in U.S. gasoline prices. Oil climbs ahead of OPEC+ talks on supply cut 2022-10-05T04:00:00Z OPEC+, which includes Saudi Arabia and Russia, is working on cuts in excess of 1 million barrels per day, sources told Reuters this week. OPEC+ heads for deep supply cuts, clash with U.S. 2022-10-04T04:00:00Z It’s unclear how much impact a production cut would have on oil prices — and thus gasoline prices — because members are already unable to meet the quotas set by OPEC+. OPEC+ weighs large oil cutback to boost sagging prices 2022-10-05T04:00:00Z “OPEC Plus could promise further cuts,” said Robert McNally, a former energy adviser to President George W. Bush, adding that the oil market “faces unusually large unknowns on the supply and demand sides.” Saudi Arabia and Russia May Find Their Oil Pricing Power Limited 2022-10-04T04:00:00Z Gulf stock markets ended mixed on Sunday, ahead of an OPEC+ meeting, with the Saudi index rising for a fourth consecutive session, while the Qatar bourse finished lower. Yemen truce expires as U.N. keeps pushing for broader deal 2022-10-03T04:00:00Z The real impact on supply from a lower output target would be limited as several OPEC+ countries are already pumping well below their existing quotas. Oil climbs ahead of OPEC+ talks on supply cut 2022-10-05T04:00:00Z Gulf stock markets ended mixed on Sunday, ahead of an OPEC+ meeting, with the Saudi index rising for a fourth consecutive session, while the Qatar bourse finished lower. Iran's Khamenei backs security forces, says protests 'planned' -state media 2022-10-03T04:00:00Z OPEC+ oil producers considering lowering their output target at a meeting on Oct. Iran, U.S. prisoner swap mediated by regional state, Nournews reports 2022-10-01T04:00:00Z “OPEC Plus wants $100 oil,” said Scott Sheffield, the chief executive of Pioneer Natural Resources, a major oil company in Texas. Saudi Arabia and Russia May Find Their Oil Pricing Power Limited 2022-10-04T04:00:00Z OPEC+ oil producers considering lowering their output target at a meeting on Oct. Blinken holds call with Saudi foreign minister over Yemen truce 2022-10-01T04:00:00Z Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct. Drone activity observed near Total offshore installation in North Sea 2022-09-29T04:00:00Z With prices plunging, attention will turn to what the Organization of the Petroleum Exporting Countries and allies led by Russia, together called OPEC+, may do when they meet on Oct. Oil claws back some losses but strong dollar caps gains 2022-09-26T04:00:00Z It has stepped up its cooperation with Putin, including within the OPEC+ oil producers group. Analysis: Saudi prince's Ukraine mediation signals 'useful' Russia ties - analysts 2022-09-23T04:00:00Z But it's made it harder for the west to isolate Moscow by buying Russia's fuel oil, and joining forces, through oil cartel OPEC, to push oil prices up. Ukraine war: Crown prince crucial in Ukraine prisoner deal, Saudis say 2022-09-23T04:00:00Z The Organization of the Petroleum Exporting Countries, Russia and other allies, known as OPEC+, pumps more than 40% of the 100 million barrels per day of global output. Analysis: OPEC+ leaders like $100 oil, won't necessarily defend it 2022-09-16T04:00:00Z |
| 随便看 |
英语例句辞典收录了117811条英语例句在线翻译词条，基本涵盖了全部常用单词及词组的例句翻译及用法，是英语学习的有利工具。