OPEC+ postpones meeting to decide oil production strategy to Dec. 5, sources say

Oil prices suffer November drop as Middle East fears ease, OPEC+ delays meeting

Oil futures fell Friday, booking weekly and monthly losses after a cease-fire this week between Israel and Iran-backed Hezbollah helped soothe remaining worries over a wider conflict that could threaten crude supplies. Article Attribution | Read More at Article Source The post Oil prices suffer November drop as Middle East fears ease, OPEC+ delays meeting appeared first on RocketNews.

Oil prices head for weekly drop as Middle East fears ease, OPEC+ delays meeting

Oil futures bounced Friday but remained on track for weekly losses after a cease-fire between Israel and Hezbollah and a decision by OPEC+ to postpone an eagerly anticipated meeting.

Oil Prices Edge Up as OPEC+ Meeting Postponed

The oil market saw a slight uptick on Thursday, breaking a three-day losing streak. This shift came as the Organization of Petroleum Exporting Countries and allies (OPEC+) postponed their upcoming meeting. The ceasefire between Israel and Hezbollah remained a focal point for traders. Brent crude, the global oil benchmark, closed at $72.78 per barrel. This […]

Opec+ delays key decision on production cuts

Meeting pushed back by four days amid discussions over compliance with existing quotas

OPEC+ Delays Key Oil Policy Meeting to December 5

OPEC+ postponed its meeting on oil production plans to December 5th due to scheduling conflicts, with the group expected to maintain production cuts in the new year.

OPEC+ Postpones Output Policy Meeting to Dec 5

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