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Opec sticks to plans

Opec sticks to plans as oil prices surge after Iran's missile attack on Israel

Senior ministers from Opec and its allies have kept to current plans to reduce production. Crude prices have spiked due to concerns over a potential major production disruption following Iran's missile attack on Israel.

CNBC on MSN · 1d

Excess OPEC capacity keeping oil prices from spiking after Iran attack, says CIBC's Rebecca Babin

Rebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss oil price trends, impact of Iran's ballistic missile attack on Israel, Saudi oil minister's warning to fellow OPEC members,

Oil prices surge after President Biden says he's 'discussing' Israeli strikes on Iran

Oil prices rose after Joe Biden said he was discussing possible Israeli strikes on Iran’s oil infrastructure. Also: the sequel to the asteroid which killed off dinosaurs, and the 31-year treasure hunt for the Golden Owl.

OPEC, Saudi Arabia

MarketWatch on MSN · 1d

Saudi minister warns of $50 oil if OPEC members don’t adhere to production cuts: report

Saudi Arabia’s oil minister reportedly warned fellow producers that oil could drop to $50 if they don’t comply with agreed production cuts.

OPEC rebuts WSJ article on Saudi saying oil prices could drop to $50

OPEC rebutted a Wall Street Journal report on Wednesday, calling it wholly inaccurate and misleading in saying that Saudi Arabia's energy minister warned oil prices will drop to $50 per barrel if OPEC+ members do not stick to agreed-upon production limits.

Markets Insider on MSN · 1d

Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much

Part of the issue is that members are not sticking to their pledged cuts. The Saudi minister called out Iraq, which surpassed its quota by 400,000 barrels per day in August, according to S&P Global Ratings data. Kazakhstan, which overproduced by 120,000 barrels a day, was also singled out.

Libya to resume oil production

Bloomberg L.P. · 15h

Libya to Restart Oil Production, Ending Crisis

Libya will resume oil production starting Thursday, the OPEC nation’s oil minister, Khalifa Abul Sadeq, told Bloomberg in an interview. The move potentially returns hundreds of thousands of barrels a day to global markets after a political standoff in the country.

The Associated Press - Busines… · 7h

Libya to resume crude oil production at two of its major fields

Libya’s state-run oil company said Thursday it was restarting full oil production, almost two months after shutting down operations in two of its major fields amid a political crisis. The National Oil Corporation said in a statement that it would resume production at the Sharara and El-Feel oil fields,

Libya Resumes Oil Production, Ending Crippling Crisis

Libya resumed oil production on Thursday, returning hundreds of thousands of barrels a day to global markets after a political standoff in the OPEC member eased.Most Read from BloombergThe Corner Store ComebackA Housing Crisis Brews in Rwanda’s Capital CityGang Violence Is Moving to the Amazon’s Fast-Growing CitiesA 7,

13h

OPEC oil output drops in September on Libyan outage, Reuters survey finds

OPEC oil output fell in September to its lowest this year, a Reuters survey found on Thursday, as unrest disrupted Libyan ...

Crude Oil Prices10h

Reuters Poll Shows OPEC September Output At Yearly Low

A Reuters survey on Thursday shows September oil production from OPEC dropping to its lowest point this year, at 26.14 ...

3d

Second oil company CEO conspired with OPEC to keep prices high, FTC charges

Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high.

Opec sees world oil demand soaring through 2050, countering peak-oil predictions

Opec secretary general Haitham Al Ghais and his Opec research team unveiled the group's latest annual World Oil Outlook at ...

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