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The meeting of OPEC+ had been expected to consider further changes to a deal that already limits supply into 2024, according to analysts and OPEC+ sources.

Oil prices tumble after OPEC+ meeting is unexpectedly delayed

Traders worry about the future of the OPEC+ production cut policy.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives As OPEC+ Delays Its Meeting

The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated meeting.

Oil slides after OPEC's unexpected meeting delay

U.S. crude oil and gasoline inventories increased more than expected last week while refinery capacity use rose from a week before.

U.S. Crude Oil Inventories Rose by 8.7 Million Barrels

U.S. crude oil inventories rose last week on higher imports, while distillate inventories fell to their lowest since May 2022, the Energy Information Administration (EIA) said on Wednesday.

US crude stockpiles jump, distillates draw down to 18-mth low - EIA

Gasoline prices are falling, but many may not realize that they almost always decline in the fall. In today's article, I explain the factors behind this seasonal decline.

Why Gasoline Prices Fall In The Fall

Sunday's meeting had been expected to convene in Vienna, Austria. OPEC's statement didn't mention if the group would convene online or in person on Nov. 30.

OPEC+ postpones policy meeting to Nov. 30

Crude oil markets fell hard during the trading session on Wednesday, as we have crashed toward previous support.

Crude Oil Price Forecast – Crude Oil Markets Fall Hard

Nigerian authorities are closely monitoring and working to contain an oil spill that occurred during loading operations at the Total Energies operated Egina field on Nov. 15, the maritime agency said on Wednesday.

Oil spill off Nigeria's Egina field under control, agency says

Oil prices tumbled on Wednesday as OPEC+ delayed its weekend meeting to November 30. Both West Texas Intermediate and Brent crude dropped about 4%.

Oil prices tumble as OPEC+ pushes back key meeting and Saudi Arabia grows frustrated

OPEC is expected to discuss output cuts at the meeting.

OPEC Delays Meeting. Oil Prices and Stocks Are Falling.

A meeting of the Organization of the Petroleum Exporting Countries and its allies — together known as OPEC+ — scheduled for Sunday has been delayed, according to news reports. Bloomberg , citing delegates, said the meeting will take place later this weeks.

OPEC+ meeting set for Sunday delayed due to disputes over output levels: reports

OPEC+ has delayed its ministerial meeting to set output policy to Nov. 30 from Nov. 26 as previously scheduled, OPEC said in a statement on Wednesday.

OPEC+ postpones policy meeting to Nov 30, oil falls

U.S. crude prices fell more than 4% after the Organization of Petroleum Exporting Countries delayed a pivotal meeting that was scheduled for the weekend.

U.S. crude oil tumbles below $75 a barrel after OPEC delays meeting

A meeting of the influential Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, has been rescheduled.

Oil group OPEC and its allies delay policy-setting meeting by four days

Oil futures fell Wednesday ahead of the Thanksgiving Day holiday, pressured by industry data showing a large rise in U.S. crude inventories and a news report that said a weekend meeting of OPEC+ ministers may be delayed.

Oil prices pull back on report OPEC+ meeting could be delayed as investors await U.S. supply data

Goldman Sachs says the possibility of a deeper group oil output cut is on the table when OPEC+ oil producers meet this weekend, and it expects Saudi Arabia and Russia to announce an extension of their additional voluntary curbs through at least the first quarter of 2024.

Goldman Sachs says deeper OPEC output cut remains on table

Members of the Organization of the Petroleum Exporting Countries and their allies have implemented a number of reductions in oil output since late last year, but crude-oil prices still trade lower as 2023 draws to a close.

Here's what OPEC+ may do Sunday to keep ‘broad balance' in the oil market

An OPEC technical panel invited a top financial market dealer to give a presentation this week which painted a bearish outlook for the oil market, according to a presentation seen by Reuters.

Exclusive: OPEC hears bearish message on oil from top swap dealer's presentation

Flat Brent, WTI oil prices as traders await OPEC+ decisions amid economic worries and a significant rise in U.S. crude inventories.

Oil Prices Forecast: Stagnate as OPEC+ Decision Looms, US Stockpiles Soar

Oil prices were largely unchanged in Asian trade on Wednesday as a potentially big build-up of U.S. crude cancelled out gains triggered by likely supply cuts from the OPEC+ producers group.

Oil prices little changed ahead of U.S. stocks data, potential OPEC+ cuts

The source of a large oil spill in the Gulf of Mexico off the shore of New Orleans, estimated to be more than one million gallons, is still unknown, the U.S. Coast Guard said

Louisiana oil leak source still unknown after 1M gallons spill into Gulf, Coast Guard says

U.S. benchmark oil futures settled with a loss on Tuesday for the first time in three sessions. Traders await this week's U.S. supply data from the Energy Information Administration due out Wednesday morning, as well as Sunday's expected decision on oil output from the Organization of the Petroleum Exporting Countries and the allies.

U.S. oil prices settle lower for the first time in 3 sessions

Oil traders are waiting for additional catalysts after a strong rebound.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Take A Pause

Crude oil markets were rather quiet during the trading session on Tuesday in the early hours, as the market is digesting the gains from the previous 2 trading sessions.

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