Oil Prices Suffer November Drop As Middle East Fears Ease, Opec Delays Meeting

Oil prices suffer November drop as Middle East fears ease, OPEC+ delays meeting

Oil futures fell Friday, booking weekly and monthly losses after a cease-fire this week between Israel and Iran-backed Hezbollah helped soothe remaining worries over a wider conflict that could ...

Business - MarketWatch - 7 hours ago

Oil prices end at highest in a week after OPEC+ delays output hike by another month

Oil futures finished sharply higher Monday after OPEC+ said it would wait another month before beginning to unwind voluntary production cuts. Natural-gas prices also rallied as a potential ...

Business - MarketWatch - November 4

Opec+ members delay planned rise in oil production

Cartel to leave output curbs in place an extra month in effort to boost anaemic crude prices

Business - Financial Times - November 3

Oil Jumps as OPEC+ Further Delays Output Hike

Oil prices rose after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid growing concerns about weaker global demand and lower prices.

World - The Wall Street Journal - November 4

With Oil Prices Weak, OPEC Plus Postpones Increases Again

Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.

Business - The New York Times - November 4

Oil prices end mixed as attention turns to OPEC+ decision on crude production

U.S. and global benchmark crude prices settled mixed after a cease-fire between Israel and Iran-backed Hezbollah eliminated much of the remaining risk premium around a wider Middle Eastern conflict.

Business - MarketWatch - 2 days ago

How far has gold's price dropped in November?

The price of gold was on a record run ... until this month. Here's what to know (and what to do) right now.

Exxon and Chevron suffer profit falls on lower oil prices

Cheaper commodities and weaker refining margins hit earnings after bumper performances in 2022 and 2023

Business - Financial Times - November 1

US north-east suffers unusual November drought and fires

First rainfall in weeks does little to ease dry conditions throughout New York state and New Jersey

World - Financial Times - 5 days ago

Oil prices post first gain in 3 sessions, but demand concerns prevail

Oil futures finished higher on Tuesday, recouping a small portion of back-to-back losses driven by worries about the prospects for demand, which contributed to a retreat in the U.S. benchmark below ...

Business - MarketWatch - November 12

OPEC+ postpones meeting to decide oil production strategy to Dec. 5, sources say

The OPEC+ oil alliance has postponed a meeting to decide the next steps of its crude production strategy to Dec. 5, two delegate sources told CNBC.

Business - CNBC - Yesterday

Steve Witkoff, Trump’s Middle East Envoy, Has Ties to Oil-Rich Nations

Steve Witkoff’s involvement with two sovereign wealth funds as he bought and then sold Manhattan’s Park Lane Hotel demonstrates the potential conflicts his new role will present.

Top stories - The New York Times - 4 days ago

OPEC extends oil output cuts

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

Politics - The Hill - November 4

Biden meets with Israel's Herzog on Middle East conflict, humanitarian aid to Gaza

Israel faces a Wednesday deadline to increase humanitarian aid to Gaza.

Trump discussed Ukraine, Middle East with Biden in White House meeting

President-elect Trump said he discussed the wars in Ukraine and the Middle East with President Biden during the meeting at the White House, which he said was “really good.” “I asked for his views ...

Politics - The Hill - November 13

Israeli minister says ‘certain progress’ on Lebanon ceasefire talks but Hezbollah says it has not been involved – Middle East crisis live

New foreign minister says diplomatic efforts are taking place through US mediation but Hezbollah says it has not seen any proposal. Lebanon ’s National News Agency reports Israeli planes carried ...

World - The Guardian - November 11

Oil prices drop as talk of Israel-Hezbollah cease-fire cuts ‘security premium’

Oil futures ended lower Monday, with talk of a potential cease-fire deal between Israel and Lebanon-based Hezbollah leading prices to shrink their ”security premium,” pulling global benchmark crude ...

Business - MarketWatch - 4 days ago

Middle East latest: US envoy holds talks in Lebanon on Israel-Hezbollah cease-fire proposal

A U.S. envoy has held talks in Beirut with Lebanese officials about a possible cease-fire in the Israel-Hezbollah war

World - ABC News - November 19

US bans flights to Haiti after three planes struck by gunfire

Violence escalates as new interim prime minister is sworn in

World - Financial Times - November 12

What will OPEC+ decide on oil output? Here’s why it’s complicated.

Developments in the Middle East have and worries about the prospects for global demand have fueled volatile trading in the oil market in recent weeks and that makes an upcoming decision by major ...

Business - MarketWatch - November 2

Trump’s oil-drilling plans may pose a big problem for OPEC+

OPEC+ is facing a dilemma as the group of major oil producers meets this Sunday, thanks to expectations for a surplus in global oil supplies next year — and as U.S. President-elect Donald Trump’s ...

Business - MarketWatch - 3 days ago

Middle East crisis live: US wants Gaza fighting pause, Blinken says, but will not limit arms transfers despite Israel missing aid deadline

Humanitarian groups say almost none of the US’s demands that Israel improve conditions in Gaza have been met. The US wants real and extended pauses in fighting in Gaza so assistance can get to ...

World - The Guardian - November 13

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