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OPEC+ Unexpectedly Delays Meeting to November 30

09:52am, Wednesday, 22'nd Nov 2023
OPEC+ delayed the meeting scheduled for this weekend amid dissatisfaction by Saudi Arabia with other members' oil production levels. Manus Cranny reports on Bloomberg Television.
Oil prices tumbled on Wednesday as OPEC+ delayed its weekend meeting to November 30. Both West Texas Intermediate and Brent crude dropped about 4%.
OPEC is expected to discuss output cuts at the meeting.
A meeting of the Organization of the Petroleum Exporting Countries and its allies — together known as OPEC+ — scheduled for Sunday has been delayed, according to news reports. Bloomberg , citing d
OPEC+ has delayed its ministerial meeting to set output policy to Nov. 30 from Nov. 26 as previously scheduled, OPEC said in a statement on Wednesday.
U.S. crude prices fell more than 4% after the Organization of Petroleum Exporting Countries delayed a pivotal meeting that was scheduled for the weekend.
A meeting of the influential Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, has been rescheduled.
Oil futures fell Wednesday ahead of the Thanksgiving Day holiday, pressured by industry data showing a large rise in U.S. crude inventories and a news report that said a weekend meeting of OPEC+ minis
Goldman Sachs says the possibility of a deeper group oil output cut is on the table when OPEC+ oil producers meet this weekend, and it expects Saudi Arabia and Russia to announce an extension of their
Flat Brent, WTI oil prices as traders await OPEC+ decisions amid economic worries and a significant rise in U.S. crude inventories.
Oil prices were largely unchanged in Asian trade on Wednesday as a potentially big build-up of U.S. crude cancelled out gains triggered by likely supply cuts from the OPEC+ producers group.
The source of a large oil spill in the Gulf of Mexico off the shore of New Orleans, estimated to be more than one million gallons, is still unknown, the U.S. Coast Guard said
Multiple agencies are reporting an expected record number of travelers this holiday season, with the Transportation Security Administration (TSA) expecting 30 million airline passengers and AAA foreca
U.S. benchmark oil futures settled with a loss on Tuesday for the first time in three sessions. Traders await this week's U.S. supply data from the Energy Information Administration due out Wednesday
Oil traders are waiting for additional catalysts after a strong rebound.
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