OPEC+ to weigh rollover or oil output cut at Sunday meeting -sources

  • 📰 Reuters
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

OPEC+ is likely to keep oil output policy unchanged at a meeting on Sunday, five OPEC+ sources said, although two sources said an additional production cut was also likely to be considered to bolster prices that have slid due to fears of an economic slowdown.

The Organization of the Petroleum Exporting Countries and allies including Russia, known as OPEC+, meets as demand faces headwinds from slowing economies and Chinese COVD-19 lockdowns, while a loomingon Russian oil places a question mark over supply.

The meeting, planned as an in-person gathering, may be made a partly or fully virtual event, the sources added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Iraqi Official: OPEC+ meeting to take into account market conditions“The OPEC+ meeting in December will take into account the condition and balance of the market,” Iraq's state news agency quoted Saadoun Mohsen, a seni
Source: FXStreetNews - 🏆 14. / 72 Read more »

Crude Oil Weekly Forecast: Brent Dampened by China’s COVID, OPEC+ & U.S. Data to FollowBrent crude oil followed the drop off across the broader commodity complex as Chinese COVID cases continue to surge hurting demand forecasts. Get your market update from WVenketas here:
Source: DailyFX - 🏆 305. / 63 Read more »

Oil rises as market weighs OPEC+ supply rebalanceOil rebounded on Tuesday after falling to more than 11-month lows in the previous session, as investors weighed a potential output adjustment from the major oil producers, who are set to have a key meeting this week. But Nigerian reserves are at 'absolute zero'
Source: Reuters - 🏆 2. / 97 Read more »

OPEC+ likely to stick with existing oil output policy – ReutersCiting five sources familiar with the matter, Reuters reported on Tuesday that OPEC and its allies including Russia, known collectively as OPEC+, was
Source: FXStreetNews - 🏆 14. / 72 Read more »

Fairfield robbery suspect dies after shootout with officer early Sunday morning, officials sayShortly before 3 a.m. on Sunday, a K9 deputy and Fairfield police officers responded to reports of an armed robbery near Central Way and Pittman Road. Finally justice Keep it up officers we the pub Ic support you go go get ‘em get ‘em ………
Source: abc7newsbayarea - 🏆 529. / 51 Read more »

Sunday was the busiest day at US airports since before the pandemic | CNN BusinessSunday marked the busiest day at US airports since the start of the pandemic — and though bad weather caused widespread flight delays, relatively few flights were canceled outright. Can confirm, had to fly both Wednesday and Sunday, both days were very busy. However I did have one of the better experiences than I have all year.
Source: CNN - 🏆 4. / 95 Read more »