Oil hits 2-week low as China's DeepSeek AI spurs demand fears
1 day ago · Oil prices fell about 2% to a two-week low on Monday as news of surging interest in Chinese startup DeepSeek's low-cost artificial intelligence (AI) model prompted concerns over energy demand to ...
Trump urges Opec countries to slash oil prices - BBC
5 days ago · Saudi Arabia is the leading member of Opec, a cartel of 12 oil-producing nations which has a remit to "work together to ensure stable oil prices". The price of crude fell by 1% after Trump spoke.
Oil falls as Trump urges OPEC to lower prices | Reuters
5 days ago · Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.
Key members of OPEC+ alliance are putting off ... - Associated Press News
Dec 5, 2024 · Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year.
OPEC may soon lose its sway over global oil prices, IEA says - CNN
Jun 12, 2024 · OPEC+ has been restraining output for about two years in a bid to prevent the emergence of a huge supply surplus that could depress prices and hurt the oil-dependent economies of its member...
News - OPEC
OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September. 10 Sep 2024 | Vienna, Austria, 10 September 2024--The Organization of the Petroleum Exporting Countries (OPEC) will launch the 18th edition of its World Oil Outlook (WOO) at ROG.e 2024 in Rio de Janeiro, Federative Republic of Brazil.
OPEC+ set to go ahead with Dec oil output hike, sources say
Sep 26, 2024 · The Organization of the Petroleum Exporting Countries and its allies will go ahead with a planned oil production increase in December but first need to cut output to address overproduction by...
Saudi Arabia extends cut in amount of oil it sends to the world - AP News
Nov 30, 2023 · LONDON (AP) — The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Thursday, expanding some output cuts into next year and bringing up …
Saudi Arabia is slashing oil supply. It could mean higher gas prices ...
Jun 6, 2023 · FRANKFURT, Germany (AP) — Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in …
OPEC Plans a Gradual Unwinding of Production Cuts
Jun 2, 2024 · It aims to bolster oil prices by promising that deep production cuts will extend through next year. But it also spells out a gradual phase out of a portion of the cuts.