Oil rises as Trump's Colombia sanctions threat rattles markets
1 hour ago · Oil prices edged up on Monday, with traders still on edge despite the U.S. pulling back from initial sanctions threats against Colombia, reducing immediate concern over oil …
Trump urges Opec countries to slash oil prices - BBC
4 days ago · Saudi Arabia is the leading member of Opec, a cartel of 12 oil-producing nations which has a remit to "work together to ensure stable oil prices". The price of crude fell by 1% …
OPEC+ yet to react to Trump call for lower oil prices
2 days ago · Most OPEC members depend heavily on oil revenue and have their budgets balanced at prices of $80 a barrel or more. Trump also said that if prices came down, the …
Oil prices settle pennies higher, down for week as Trump touts …
3 days ago · HOUSTON, Jan 24 (Reuters) - Oil prices settled slightly higher on Friday but posted a weekly decline, ending four straight weeks of gains, after U.S. President Donald Trump …
Key members of OPEC+ alliance are putting off ... - Associated Press News
Dec 5, 2024 · FRANKFURT, Germany (AP) — Eight members of the OPEC+ alliance of oil exporting countries decided Thursday to put off increasing oil production as they face weaker …
OPEC may soon lose its sway over global oil prices, IEA says - CNN
Jun 12, 2024 · OPEC+ has been restraining output for about two years in a bid to prevent the emergence of a huge supply surplus that could depress prices and hurt the oil-dependent …
Saudi Arabia is slashing oil supply. It could mean higher gas prices ...
Jun 6, 2023 · Leading oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in crude supplies to the global economy as the OPEC+ alliance …
Oil prices close at lowest level since December 2021 as OPEC cuts …
Sep 10, 2024 · OPEC cut its demand growth forecast for the second time in as many months. Softening demand expectations in China are weighing on the oil market. Oil prices rose in the …
Trump leans in on targeting Russian oil revenue as he tries to fulfill ...
2 days ago · In 2016, Russia and other oil producers that weren’t part of the alliance joined with Saudi Arabia and other members of the oil cartel to form OPEC+. Russia and Saudi Arabia are …
Oil Market News: Oil Prices Jump as OPEC+ Delays Output Hike
Nov 4, 2024 · Canadian oil companies saw their stock prices rise today, following OPEC's decision to delay planned production increases. This move by OPEC+ has tightened global oil …