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Oil prices climb over 4% ahead of OPEC meeting despite Omicron concerns


Oil prices rose more than 4% on Wednesday, still struggling to recoup losses of more than 16% in November, as

U.S. crude production falls 3.5% in Sept after Ida hit offshore output -EIA


U.S. crude oil production fell 3.5% in September after Hurricane Ida temporarily halted most crude production in federal waters of

Speculators cut U.S. crude oil net longs-CFTC


Money managers cut their net long U.S. crude futures and options positions in the week to November 23, the U.S.

U.S. security review stalls sale of Shell Texas refinery to Mexico’s Pemex


A U.S. national security review has delayed the sale of Royal Dutch Shell’s (RDSa.L) controlling interest in a Texas refinery

OPEC+ meets under pressure from Biden, Omicron


OPEC+ oil producers meet Thursday under pressure from US President Joe Biden, who has opened up his country’s taps hoping

Middle East Crude-Benchmarks mixed on last trading day in November


Middle East crude benchmarks Oman and Dubai were mixed on Tuesday, the last day of trade for the month.

Abu Dhabi

Oil could hit $150 a barrel with OPEC+ ‘in the driver’s seat’: J.P. Morgan


Oil futures can shake off a breathtaking Black Friday plunge and then some, testing $125 a barrel next year and

Oil bound for gains as OPEC+ guards supply, but virus threat looms


Oil prices will stay elevated into next year as OPEC+ keeps a tight leash on supply despite U.S.-led strategic crude

OPEC oil output boost in November again falls short of target


The increase in OPEC’s oil output in November has again undershot the rise planned under a deal with allies, a

U.S. energy envoy says Biden stands ready to release even more oil reserves to cool markets


President Joe Biden’s administration stands ready to release even more barrels of oil from its strategic reserves should the need

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