Russia's seaborne crude oil exports have fallen significantly in recent weeks, driven by lower shipments to India, raising questions about OPEC production plans for December.
Top officials from the three biggest producers in the
group in achieving these objectives,” the office of the Iraqi prime minister noted. The three biggest producers in the group at the December 1 meeting to delay – once again – the output increase currently planned to begin in January, according to recent market speculation. The most recent signal of a possible delay came from non-
will likely remain committed to production curbs for yet another month, the energy minister of Azerbaijan told Reuters ahead of the group’s Sunday meeting. “
Oil Exports India OPEC+ Production Cuts Market Demand Gasoline Export Ban Refineries December Meeting
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil Market News Oil Prices Jump as OPEC Delays Output HikeOil prices jumped in early trading on Monday as OPEC delayed its planned production hikes yet again.
Read more »
OPEC Oil Production Jumps by 470,000 Bpd as Libyan Output ReturnsOPEC's oil production increased in October due to Libya's return to full capacity, offsetting declines from other members.
Read more »
OPEC Slashes Oil Demand Growth Estimate AgainOPEC lowered its global oil demand growth forecast for 2024 and 2025 for the fourth month in a row, citing weaker demand in China and other Asian markets.
Read more »
OPEC Delays Cut Rollback as Big Oil Production Hits HighsAs Big Oil has been boosting production, it has been adding to global supply and frustrating OPEC's efforts to control oil output and, consequently, oil prices
Read more »
OPEC Tapering Mechanisms Will Continue To Dictate Oil PricesCommodity experts at Standard Chartered have predicted that actions by OPEC are likely to determine the near-and mid-term oil price trajectory
Read more »
Oil Traders Uncertain as OPEC Weighs December SurpriseUncertainty surrounds OPEC production plans for December, with traders divided and the group facing challenges like lower demand forecasts and China's import slowdown.
Read more »