Oil Prices Slide After OPEC+ Meeting Is Delayed

Oil tumbles nearly 4% as OPEC+ meeting delayed

Oil prices tanked nearly 4 percent on Wednesday as OPEC+ producers delayed a meeting on output planned for Sunday...

Nafta hinnad langesid OPEC+ kohtumise edasilükkamise järel

Nafta hinnad langesid neljapäeva hommikul. Põhjuseks peetakse kolmapäeval tehtud OPEC+ riikide avaldust, et selle novembri lõpuks kavandatud kohtumine lükkub edasi. Kohtumisel pidi tulema arutluse alla nafta tootmise vähendamine.

Oil down 1% on bearish view of delayed OPEC+ meeting

Oil prices fell 1 per cent in early trading on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting stoking views the producers might cut output less than earlier anticipated. Brent futures fell 81 cents, or 1 per cent, to $81.15 a barrel, after falling as much

Deferred meeting of OPEC+ points to dissent in the oil cartel

The oil producers’ meeting has been postponed to next week amid reports that members of the cartel are divided on how to respond to a slump in oil prices and the conflict in Gaza.

Oil prices fall after OPEC+ postpones meeting

International oil prices fell Wednesday after a key ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies was pushed back from Sunday to November 30. The Vienna-based organization announced the postponement of the OPEC+ alliance gathering in a brief statement, without providing any explanation. The…

OPEC+ postponed a ministerial meeting to discuss oil output cuts to November 30 from November 26 because producers had difficulty agreeing on production levels and therefore possible cuts, OPEC+ sources said, a surprise postponement that sent oil prices lower, Reuters reports.