Tag: OPEC
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Oil prices set to end week over 3% lower as supply risks ease
(Reuters) -Oil prices fell on Friday, heading for a weekly drop of more than 3%, as concerns over supply risks...
Oil Declines for Third Day on Demand Concerns and Rampant Dollar
(Bloomberg) — Oil fell for a third day on a soft demand outlook in China, a stronger US dollar, and...
OPEC extends its oil output cuts by one month until the end of December
Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output...
The US is pumping more oil than ever, and it’s complicating things for other crude-exporting countries
US crude production hit a new all-time monthly high in August. This complicates things...
Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost
(Bloomberg) -- Exxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel...