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Oil Wobbles After Delay to OPEC's Meeting

05:09am, Friday, 24'th Nov 2023
The unusual announcement that Sunday's meeting of OPEC will be delayed to 30 November has dampened sentiment on crude.
Oil markets dip amid OPEC+ indecision, global demand concerns, setting a cautious, bearish near-term outlook.
Brent crude futures rose in early Asian trade on Friday, reversing losses in the previous session as traders speculated on whether OPEC+ would come to an agreement on further production cuts.
The oil and gas industry faces a reckoning over its role in the clean energy transition, according to an International Energy Agency report.
Oil prices fell on Thursday after OPEC delayed its meeting from November 26 to November 30. It's set to take place virtually, suggesting members have made an agreement, says Anas Alhajji.
Oil traders stay focused on the news from OPEC+, which has recently decided to postpone its meeting.
Crude oil markets have dropped a bit during the after hours markets as Thanksgiving will have taken front and center as far as attention is concerned.
With oil trading below $80, we advise investors to buy stocks like Delek US Holdings (DK), EOG Resources (EOG) and Murphy Oil (MUR) at bargain prices.
Oil prices pushed lower on Thursday, as investors grew increasingly unsettled following a decision by the Organization of the Petroleum Exporting Countries and its allies to delay a much anticipated m
Oil industry executives will bring a simple message to COP28: world governments should focus on reducing emissions, not oil production.
Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid U.S. sanctions now being imposed on some shipping firms carrying Russian oil, four traders told
OPEC+ has postponed its November meeting by a few days and sources within the group say production targets were one of the key flashpoints of disagreement.
The current $800 billion invested annually in the global oil and gas sector could be halved by 2030 if a goal to limit global warming to 1.5 degrees Celsius is to be reached, the International Energy
OPEC+ delay, rising U.S. inventories, and low distillate stocks drive bearish oil market outlook.
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