Crude oil slips as OPEC+ pauses output hikes, demand fears rise, and futures reject the 50-day moving average. Traders now eye key support near $58.49.
US markets delivered mixed results on the first trading session of November.
Saudi Aramco has reported a quarterly profit of $26.9 billon, slightly below last year's figure, as weak oil prices continue to weigh on the world's largest energy exporter. The result, which narrowly
The oil-and-gas company increased its full-year divestment proceeds target as it continues with its turnaround program to catch up with its European peers.
WTI oil hovers near $61 as OPEC+ output freeze meets oversupply fears; natural gas remains firm above $4.20, supported by strong winter demand outlook.
The results come just over eight months after BP launched a fundamental strategic reset. In this article BP.
Third-quarter profit rose compared with the prior three-month period but declined on year as oil prices remained under pressure.
Saudi Arabian oil company Aramco , the world's top oil exporter, reported a 2.3% decline in its quarterly profit on Tuesday, citing lower revenue resulting from a drop in crude and product prices.
Crude oil prices remain stable as markets balance OPEC+ supply adjustments, weak global demand, and heightened geopolitical risks, while technical indicators suggest continued uncertainty in the direc
Oil prices were little changed early on Tuesday as markets weighed OPEC+'s decision to pause output hikes in the first quarter even as concerns over a looming supply glut persisted.

Oil Edges Lower Amid Supply Concerns

08:10pm, Monday, 03'rd Nov 2025
Oil fell in the early morning Asian session amid supply concerns.
The oil and natural gas company posted a profit of $1.02 billion in the third quarter, compared with $659 million a year earlier.
Major oil producers have little reason to celebrate with crude prices down by more than 10% so far this year and market forecasts for the biggest global supply surplus on record.
OPEC+ decided to pause production increases in the first quarter of 2026.
The decision by OPEC and its allies on Sunday to keep oil output targets steady in the first quarter of next year came after Russia lobbied for the pause because it would struggle to increase exports
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