Similar Stories to Futures Movers: Oil Prices Slide As Opec, Russia Mull Output Increase on Bing News

Oil prices plunge Friday as reports say OPEC and Russia are considering lifting production by as much as 1 million barrels a day to meet the shortfall in supply from Iran and Venezuela.

Topics:  opec   russia   iran   venezuela   oil prices   
BING NEWS:
  • Oil steadies after weekly decline on U.S. interest rate prospects
    Oil prices were in a holding pattern in early Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the ...
    05/26/2024 - 10:00 pm | View Link
  • What is OPEC+ and how does it affect oil prices?
    The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectively as OPEC+ and will meet on June 2 to discuss their joint oil production policy.
    05/24/2024 - 2:58 am | View Link
  • Explainer-What OPEC+ oil output cuts are currently in place?
    OPEC+ oil producers are scheduled to meet on June 2 to decide their next output policy steps, including whether to extend voluntary production cuts totalling about 2.2 million barrels per day (bpd), ...
    05/23/2024 - 11:45 pm | View Link
  • Oil prices flat as traders await U.S. inflation data; OPEC forecasts unchanged
    Oil futures were ... of OPEC+ — made up of OPEC and its Russia-led allies — is expected to grow by 1.2 mbd in 2024, driven largely by the U.S., Brazil, Canada and Norway, OPEC said, unchanged from its ...
    05/14/2024 - 12:18 am | View Link
  • Oil prices end higher as traders weigh prospects for extension of OPEC+ output cut
    Data from the recently published Platts OPEC+ survey by S&P Global Commodity Insights showed that OPEC+ crude production fell 210,000 barrels per day month on month to 41.04 million bpd in April as ...
    05/13/2024 - 4:11 am | View Link
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