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Major oil exporters agree to keep production steady in November
Seven major oil-exporting countries agreed Sunday to keep production steady in November at a time when the Iran war has driven the price of benchmark Brent crude oil above $100 a barrel. The so-called OPEC+ subgroup — Saudi Arabia, Russia…
Asian Stocks to Rise as Hike Bets Ease, Oil Climbs: Markets Wrap
Asian stocks were poised to gain after a softer US jobs data report eased pressure on the Federal Reserve to keep raising interest rates. Brent crude rose as Yemen launched a bid to recapture Houthi-controlled areas. Equity-index futures for Japan…
Why Oil Is Still Stuck Near $100 a Barrel
Hundred-dollar oil is hard to leave behind. The amount of crude flowing from the Middle East has almost returned to levels last seen before the US attacked Iran, triggering one of the biggest supply disruptions in history. But global prices remain…
Strikes by North Sea oil workers could 'severely disrupt' UK fuel supplies
A looming strike by oil workers in the North Sea could “severely disrupt” UK fuel supplies, the Unite union has said, adding that staff were left with no choice after a breakdown in pay talks with the Texas oil company Apache. The…
Russia threatens more strikes after Zelensky vows to hit oil refineries
The Russian Defense Ministry on Sunday threatened to hit Ukrainian military and industrial facilities, after Ukrainian President Volodymyr Zelensky said his military would target Russia's oil refineries. “Strikes by the Armed Forces of the…
Oil worker strike threatens to severely disrupt Britain's fuel supply
More than 160 offshore oil workers are considering strike action that their union claims could 'severely disrupt' UK fuel supplies. The Unite union said workers at oil and gas operator Apache had backed strike action over a pay dispute. Unite said…
Major oil exporters agree to keep production steady in November
Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in Skip to content Swipe for next article Seven major oil-exporting countries agreed Sunday to keep production…
OPEC+ agrees to keep November oil output targets steady
Jonathan Raa | Nurphoto | Getty Images OPEC+ agreed to keep oil production targets steady for November at a meeting on Sunday, the producer group said, in line with expectations that further output policy adjustments are unlikely until next year.
What are the benefits of releasing oil reserves?
The G7 countries want to curb the rise in oil prices. Over the next four months, 100 million barrels of crude oil and diesel are to be released. However, according to economist Samina Sultan, releasing oil and diesel reserves can only provide…
Major oil exporters agree to keep production steady in November
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The US Doesn't Have An Oil Problem - It Has A Refinery Problem
One of the enduring weaknesses of the modern US economy is the lack of redundancy. As long as most of the world is operating normally and there are no serious geopolitical disruptions, America's 'just in time' system works fine. But, throw a…
OPEC+ to keep November oil output targets steady
OPEC+ agreed to keep oil production targets steady for November at a meeting on Sunday, the producer group said, in line with expectations that further output policy adjustments are unlikely until next year. Seven core members of the group…
Ukraine war briefing: Kyiv to increase oil refinery attacks because of Moscow's winter strategy, Zelenskyy says
Ukraine will increase its attacks on Russian oil refineries, but won't target civilians, because of a new policy of airstrikes by Moscow designed to force people to abandon Kyiv and other cities, Volodymyr Zelenskyy has said. Ukraine's intelligence…
OPEC, Allies Hold Oil Output Steady Amid Middle East Tensions
Key members of the Organization of the Petroleum Exporting Countries and its allies agreed to keep oil production steady in November, as security risks in the Middle East remain elevated despite signs that regional crude exports are back around…
Iran war live: Houthis claim attack on Saudi oil refinery as ships hit in Hormuz
Yemen's Houthi rebels have claimed responsibility for a coordinated missile and drone strike targeting a Saudi Aramco facility in the capital city of Riyadh. Witnesses reported seeing a large plume of smoke and fire rising near an Aramco…
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