There is bound to be a bitter quarrel at the next OPEC meeting, mainly between the cash-rich and cash-strapped members, i.e. between those who can sit this out and those who don’t have the luxury of time. The Saudi’s havetold OPEC members not to panic, explaining that very low o...
The Saudis could face an open revolt at the next OPEC meetingDalan McEndree
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Still, prices have risen this week, with Brent trading around $89 a barrel on Thursday, partly in anticipation of OPEC+ decreasing production. The alliance, led by Saudi Arabia and Russia, showed its readiness to stabilize markets with a symbolic cut at its last meeting. Saudi Energy Minister...
4 (Xinhua) -- The world's major oil producers have pledged to stick to the plan to increase oil production by 400,000 barrels per day next month. The 24th OPEC (Organization of the Petroleum Exporting Countries) and non-OPEC Ministerial Meeting (ONOMM), was held via video conference on ...
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In its most recent update on the energy markets, the International Energy Agency said demand for oil in the first half of this year rose by the smallest amount since 2020. Meanwhile, supplies have continued to increase and theOPEC+ alliance, made up of members of the prod...
Important events and global currency market update for the month of December 2022. Xe Corporate December 1, 2022— 10 min read Noteworthy Upcoming Events December 4 – OPEC meeting December 6 – Australia GDP December 7 – Canada – Bank of Canada interest rate decision December 13 and...
Green Hydrogen Stocks and ETFs These investments offer ways to get in early on the green hydrogen boom. Matt WhittakerNov. 15, 2024 7 Types of Stocks to Add if Rates Drop Stocks in interest-sensitive sectors may benefit as Fed rate cuts lower borrowing costs. ...
Another potential supply response could come from the Organization of the Petroleum Exporting Countries and their allies (OPEC+). The alliance has the capacity to quickly release 1.5 mbd of supply but so far, there is no indication that the group will alter its current plan to increase output ...