COP28 in Dubai | Baerbock warns against blockers at the climate summit
According to the Federal Foreign Minister, we are in Dubai to save the world for all humanity. But many countries are primarily thinking about their own advantage and are resisting ambitious decisions at the climate conference. From Foreign Minister Annalena Baerbock’s point of view, the UN climate conference in Dubai offers a historic opportunity to […]
Russian President Putin Announces Middle East Visit and Talks on Oil Market Coordination
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President Putin Announces Upcoming Visits to the Middle East MOSCOW – The office of the President of Russia has confirmed that President Putin will embark on a diplomatic trip to the United Arab Emirates (UAE) and Saudi Arabia on the 6th of the month. Following these visits, Putin is scheduled to meet with Iranian President […]
WTI Crude Oil Contracts Close Up, OPEC+ Production Cuts in Focus amid Stagnant Manufacturing Activity
Oil Contracts Close Up in New York On Friday, West Texas Intermediate (WTI) crude oil contracts in New York closed up more than 2% after adjusting for this week’s fluctuations. Investors are closely monitoring the latest round of oil production cuts in the OPEC+ group, as well as expressing concerns about stagnant manufacturing activity worldwide, […]
OPEC+ will reduce oil production – ZN.ua
November 30, 2023, 10:18 pm © Reuters OPEC+ oil producing countries on Thursday agreed to voluntarily cut production by a total of about 2.2 million barrels per day from the beginning of next year, writes Reuters. The initiator of the reduction is Saudi Arabia. Saudi Arabia, Russia and other OPEC+ members, which produce more than […]
OPEC+ Negotiating Additional Production Cuts Amid Internal Differences
OPEC+ Negotiates Additional Production Cuts Amidst Internal Differences Saudi Arabia, the influential leader of the OPEC+ group, is advocating for significant production cuts in an effort to prevent a looming oil glut in the coming year. The group, which includes several oil-producing countries and their allies, is currently engaged in negotiations to reduce production by […]
OPEC+ and African Oil Producers Close to Reaching Compromise on 2024 Production Levels
OPEC+ and African Oil Producers Nearing Compromise on 2024 Production Levels Key Meeting Postponed, But Hope for Agreement on the Horizon According to three OPEC+ sources who spoke to Reuters, there is optimism that OPEC+ and African oil producers are on the brink of reaching a compromise on 2024 production levels. This follows a recent […]
OPEC+ Meeting Postponed: Potential Impact on Oil Prices and Market Conditions
Rewrite text Share to WeChat Open WeChat and click “Discover” at the bottom.Use “Scan” to share web pages to your circle of friends. China Business News 2023-11-23 15:52:05 listen to news Editor: Hao Yunying OPEC unexpectedly announced on Wednesday that the OPEC+ talks originally scheduled for November 26 would be postponed for four days until […]
OPEC+ Meeting Rescheduled: Crude Oil Prices Fall as New Date Announced
OPEC+ Meeting Rescheduled, Prompting Decline in Crude Oil Prices The highly anticipated meeting of the Organization of the Petroleum Exporting Countries and its allies (collectively known as OPEC+) has been rescheduled, causing a significant drop in crude oil prices. The meeting, originally scheduled for November 25 and 26, has been postponed to November 30, leading […]
WTI Crude Futures Surge Nearly 3% on OPEC Production Cut Expectations
Oil Prices Surge as OPEC+ Production Cuts Expected Crude oil futures saw a significant increase of almost 3% on Monday, with the West Texas Crude Oil Contract (WTI) breaking through the $78 level. This surge was driven by expectations that the Organization of the Petroleum Exporting Countries (OPEC) and allied nations, known as OPEC Plus, […]
WTI Crude Futures Rise Over 2% on OPEC Production Cut Expectations
WTI Crude Futures Surge Over 2% Amid OPEC+ Production Cut Expectations West Texas Intermediate (WTI) crude futures experienced a significant 2% surge, surpassing the $77 mark. This rise was attributed to widespread anticipation that the Organization of the Petroleum Exporting Countries (OPEC) and the allied nations, collectively known as OPEC Plus, will implement production cuts […]
