Similar Stories to Commodities Corner: Demand Concerns Weigh On Oil Prices Despite Opec+ Move To Cut More Output on Bing News

Concerns about a slowdown in global oil demand are a key to why oil prices stayed in check Friday, despite a decision by major oil producers to cut additional barrels from their production quotas in January.

Topics:  january   demand   concerns   cut   oil prices   
BING NEWS:
  • Crude Oil News Today: Will OPEC+ Extend Production Cuts to Stabilize Prices?
    Oil prices have reached their lowest in almost three months, with significant declines observed in both U.S. West Texas Intermediate (WTI) and Brent crude. This downturn reflects a blend of increasing ...
    05/4/2024 - 3:16 pm | View Link
  • Oil adds to week's sharp loss as rollover of OPEC output cuts may meet resistance
    Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped with mounting speculation that OPEC's June meeting could expose cracks in ...
    05/3/2024 - 12:45 pm | View Link
  • American oil tycoon accused of trying to conspire with OPEC to inflate prices
    Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday. The Federal ...
    05/2/2024 - 3:43 pm | View Link
  • Oil prices settle just lower as demand worries persist
    Investing.com-- Oil prices rose Thursday, recovering from near two-month lows, helped by talk of an extension of OPEC+ supply cuts. At 08:20 ET (12:20 GMT), Brent oil futures rose 1% to $84.28 a ...
    05/2/2024 - 7:50 am | View Link
  • Asia's crude oil imports slip in April, trail OPEC forecasts
    Asia's imports of crude oil slipped slightly in April from March, as increased arrivals in China failed to offset lower purchases elsewhere in the world's top-importing region.
    05/2/2024 - 12:00 am | View Link
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