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1 hour ago · June 2, 2024 at 2:33 AM PDT. Listen. 1:47. OPEC+ has the outline of a deal to extend a crucial tranche of its oil supply cuts into the second half of the year, delegates said, as the group ...
11 hours ago · While crude prices briefly soared above $90 a barrel in April as conflict in the Middle East threatened regional exports, they’ve since declined. Brent futures settled at $81.62 a barrel on May ...
3 hours ago · Oil prices trade near $80 per barrel, below what many OPEC+ members need to balance their budget. LONDON/DUBAI (Reuters) -OPEC+ will likely prolong voluntary oil cuts into the third and possibly fourth quarters of 2024 and extend some cuts into 2025, two OPEC+ sources said ahead of the group's meeting on Sunday.
11 hours ago · Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices Brent crude futures gained 73 cents to $83.69 a barrel at 0852 GMT, while U.S. West Texas Intermediate crude futures were up 84 cents to $78.95. Source: globeandmail - 🏆 5. / 92 Read more ». Oil nudges higher after Saudi Arabia hikes prices Explore stories from Atlantic Canada.
11 hours ago · Oil prices have changed little since the last meeting in November, hovering around $80 a barrel. Amid questions surrounding global demand, some analysts believe that gradually allowing more oil to hit markets might be ahead in 2025. OPEC continues to stick to its demand forecasts for 2024, while the
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11 hours ago · Since the end of 2022, the alliance has implemented supply cuts in a bid to boost falling oil prices. OPEC+ members are currently slashing output by almost six million barrels per day, both via group-wide production cuts and additional voluntary curbs. - Looming discord over quotas -
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