Oil Prices Start the Week Lower Following Trump’s Calls for More ...
1 day ago · Crude oil prices started the week slightly lower after President Trump called on OPEC to boost production and reduce prices as a way of bringing the Ukraine war to an end.
Oil hits 2-week low as China's DeepSeek AI spurs demand fears
1 day ago · Oil prices fell about 2% to a two-week low on Monday as news of surging interest in Chinese startup DeepSeek's low-cost artificial intelligence (AI) model prompted concerns over energy demand to ...
Trump urges Opec countries to slash oil prices - BBC
5 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% after Trump spoke.
Oil falls as Trump urges OPEC to lower prices | Reuters
5 days ago · Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.
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 than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year.
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 economies of its member states....
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 supply, driving up crude...
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 …
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 struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide.
Oil turns lower after Trump says he'll ask Saudi Arabia and OPEC …
5 days ago · Trump blamed OPEC for fueling the war in Ukraine.