Tag: OPEC
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Oil falls more than 2% on report Saudi Arabia vows to bring barrels back even if prices fall
Oil prices sank more than 2% on Thursday after the Financial Times reported Saudi Arabia is determined to start unwinding voluntary production cuts starting...
Oil tanks more than 3% to lowest level since 2021 on weak demand
Oil resumed its downward trend on Tuesday, tanking more than 3% after oil alliance OPEC lowered its demand growth forecast in 2024 and 2025.On...
Why ExxonMobil Stock Is Slipping Today
Shares of ExxonMobil (NYSE: XOM) were falling this morning and were down 3.1% as of 11:50 a.m. ET Tuesday, wiping out all of their...
Oil Sinks as Weak US Jobs Report Adds to Concerns About Demand
(Bloomberg) -- Oil posted its biggest weekly drop in 11 months as a weak US jobs report added to concerns about tepid demand in...
OPEC+ discussing delay to planned oil output hike in October, sources say
By Alex Lawler, Olesya Astakhova and Ahmad GhaddarLONDON (Reuters) - OPEC+ is discussing a delay in a planned output increase next month as oil...