opec crude oil news - Search News

Oil rises on tighter OPEC supply, US jobs data

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

Business Line · 2d

Crude oil futures rise amid inventory decline in the US

Crude oil futures rise as US inventories decline, OPEC production drops, and China bans US-sanctioned tankers.

MarketWatch on MSN · 1d

Oil prices struggle for direction as U.S. crude supplies fall and product stocks rise

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

Hosted on MSN · 1d

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

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

Oil trims gains on dollar strength, tight supplies provide support

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

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

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

Crude Oil Prices1d

Standard Chartered: U.S. Oil Production Growth To Decline In 2025

Standard Chartered: the slowdown in U.S. oil production growth is set to continue in 2025 and 2026. Standard Chartered: the U ...

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

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

23hon MSN

Why China is likely to import less crude from Saudi Arabia in February?

China may import less crude oil from Saudi Arabia on a month-on-month basis in February after the Kingdom hikes prices for ...

Crude Oil Prices2d

Russia Claims Compliance With OPEC+ Oil Output Cuts in December

Russia's crude oil production fell below its OPEC+ quota in December, raising concerns about its ability to meet future ...

OPEC Output Dips in December as UAE Improves Delivery of Cuts

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

AllAfrica.com1d

West Africa: Nigeria Finally Meets Opec Quota, Lokpobiri Credits Tinubu for Increased Oil Output

Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell Plc, recently announced a $5 billion Final Investment Decision (FID) on Bonga North, a deep-water project off ...

FXEmpire.com2d

Oil News: Can China’s Stimulus Offset Oversupply and Dollar Strength Risks?

Oil News: OPEC Cuts Push Crude Toward $77.36 Target as EIA Report LoomsWed, 08 Jan 2025 10:20:35 GMT Will Strong ADP, Hawkish Fed Minutes Lift Yields and Spark Volatility in Risk Assets?

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