AllSides Balanced Search reveals information and ideas from all sides of the political spectrum so you can get the full picture.
Nov 30 2023
News
OPEC+ Agrees to Significant Oil-Production Cut
OPEC+ agreed to a significant production cut of an additional million barrels a day, delegates said, in a move that will likely keep prices elevated amid the continuing conflict in the Middle East.
As part of the deal reached Thursday, Saudi Arabia also agreed to extend its cut of 1 million barrels a day that it announced in June.
Taken together, the moves are expected to
Wall Street Journal (News)
Nov 23 2023
News
OPEC+ Says Delayed Meeting Will Be Held Online
The OPEC+ meeting that was pushed back by several days to Nov. 30 will now be held online, the group said on its website. The decision comes as Saudi Arabia and its oil allies are once again struggling with a dispute over output quotas for African members. The disagreement forced the group to delay its scheduled conference, sending crude plunging by as much as 4.9% to below $80 a barrel in
Bloomberg
Nov 22 2023
News
OPEC+ Meeting Postponed To November 30: Statement
The ministerial meeting of the OPEC+ alliance originally scheduled for Sunday in Vienna has been rescheduled to Thursday, the Vienna-based Organization of the Petroleum Exporting Countries (OPEC) announced in a statement on Wednesday.
The 13-member OPEC group led by Saudi Arabia and their ten partners led by Russia are due to decide on their output policy amid slumping crude prices.
Barron's
Nov 22 2023
News
Oil down 1% on bearish view of delayed OPEC+ meeting
Nov 23 (Reuters) - Oil prices fell 1% in early trading on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting stoking views the producers might cut output less than earlier anticipated. Brent futures fell 81 cents, or 1%, to $81.15 a barrel, after falling as much as 4% on Wednesday. U.S. West Texas Intermediate crude dipped 72 cents, or 0.9%, to $
Reuters
Nov 22 2023
News
OPEC Delays Summit Over Production Spat -- WSJ
By Benoit Faucon and Summer Said
The Organization of the Petroleum Exporting Countries delayed its summit as it tries to resolve a disagreement over the production of African nations, according to delegates.
OPEC and a group of Russia-led allies was set to meet on Sunday to debate production levels next year but the meeting has now been pushed...
MarketWatch
Nov 23 2023
News
OPEC Moves Delayed Joint Ministerial Meeting Online -- Update
The Organization of the Petroleum Exporting Countries said it will move its next ministerial meeting online, following its decision to delay the gathering by four days, a further sign of conflict within the oil-producing cartel.
OPEC and a group of Russia-led allies had been set to meet on Sunday to discuss production levels...
MarketWatch
Nov 22 2023
News
OPEC+ meeting postponement raises talk of a ‘rift’ among oil producers
The Organization of the Petroleum Exporting Countries and the allies announced Wednesday they would delay their much-anticipated meeting by four days, raising speculation that the oil producers will face a more challenging path to an agreement on output levels.
The group of major oil producers, known as OPEC+, will hold its ministerial conference on Nov. 30, instead of gathering this
MarketWatch