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In the last 4 days
Oil climbs 2pc but still headed for seventh weekly drop The News International21:39 8-Dec-23
Dubai crude slumps on week amid demand slowdown concerns Quantum Commodity Intelligence08:57 8-Dec-23
Can OPEC+ Boost Oil Prices Next Year? OilPrice.com20:53 7-Dec-23
Russia, Saudi leaders’ meet helps boost crude oil price The Hindu Business Line00:12 7-Dec-23
In the last 7 days
Is there a new slump coming for oil prices? Investing.com UK04:55 6-Dec-23
Oil climbs as Mideast tension back in focus Channel NewsAsia20:48 3-Dec-23
Putin and OPEC struggle to prop up oil prices The New Voice of Ukraine20:48 5-Dec-23
In the last 14 days
OPEC meeting ends, oil down more than $2 ForexLive.com11:27 30-Nov-23
Oil prices stabilise after weak OPEC+ action The News International22:13 1-Dec-23
OPEC+ agrees oil output cuts approaching 2mn bpd, sources say Business Recorder, Pakistan11:01 30-Nov-23
DAX, Oil Forecast: Two trades to watch City Index03:43 30-Nov-23
Oil prices rise over 2%; focus on OPEC+, storm-hit Kazakh output Business Recorder, Pakistan11:43 28-Nov-23

About our OPEC news

Latest news on OPEC, the Organisation of the Petroleum Exporting Countries, which is an organisation enabling the co-operation of leading oil-producing countries, in order to collectively influence the global market and maximise profit. OPEC+ is a larger group that includes OPEC and 10 other major oil producing countries such as Russia, that have aligned with OPEC to form an alliance to have more control on the global crude oil market. OPEC and OPEC+ influence oil prices by setting production targets for their member nations, which affect the supply and demand of oil in the world. At the start of April 2023, OPEC+ announced a surprise oil production cut that will exceed one million barrels a day, curtailing supply from May 2023 despite a recovery in prices from 15-month lows. This decision caused oil prices to surge.


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