Oil futures fell sharply Monday after a three-day weekend, with weakness attributed to concerns over the decision by the Organization of the Petroleum Exporting Countries and its allies to ease output curbs, along with indications more supply from Iran is making its way to market. West Texas Intermediate crude for …
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Oil futures fell Monday, under pressure as the Organization of the Petroleum Exporting Countries and its allies debate the fate of existing output curbs in the face of a renewed rise in COVID-19 cases in the U.S. and Europe. But crude was still set to log a large monthly rise …
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An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns. Key members of the Organization of the Petroleum Exporting Countries and …
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Crude-oil prices climbed on Thursday after a report that major producers at a an OPEC-led meeting of the Joint Ministerial Monitoring Committee, or JMMC, planned to make up for failing to fully meet their production-cut targets last month. The JMMC, which monitors compliance with OPEC output quotas, held gathering via …
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Oil futures rose in electronic trade early Thursday as investors awaited the outcome of a crucial meeting of OPEC and its allies that is intended to end a price war between Russia and Saudi Arabia. Investors bid the price of crude up on Wednesday in anticipation of a pact between …
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It’s every country for itself, or so it seems after a meeting between OPEC and other major producers ended in acrimony on Friday, which has the market now worried about a price war between some of the biggest oil producers in the world. Russia and Saudi Arabia are likely to …
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