opec meeting – Market-Tracker

OPEC+ moves its output restrictions meeting to December 5

Mahalakshmi@fastura.com3 months ago01 mins

The OPEC+ coalition, consisting of 23 nations, is set to hold its next meeting on December 5, likely in a virtual format. This shift is the third time the alliance has held meetings online since the Covid-19 pandemic. Crude prices currently hover around $75 per barrel, insufficient for many OPEC members to meet budgetary needs….

When the OPEC+ meeting was rescheduled for November 30, crude oil prices fell

Mahalakshmi@fastura.com1 year ago02 mins

Crude oil prices dropped 1.62% to settle at 6363, which was caused by the OPEC+ meeting being rescheduled for November 30. The delay resulted from Saudi Arabia’s discontent with other members’ production levels, which at first raised concerns about possible supply cuts. Significant news showing a 9 million barrel increase in U.S. crude inventory, over…

Tag: opec meeting

OPEC+ moves its output restrictions meeting to December 5

When the OPEC+ meeting was rescheduled for November 30, crude oil prices fell

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