Tuesday, November 11, 2025
OPEC source tells Reuters bigger cuts a likely option- oil and gas 360

OPEC source tells Reuters bigger cuts a likely option

Oil Price An OPEC+ source told Reuters on Monday that the expanded cartel is considering bigger oil output cuts during its November 30 meeting, which was originally delayed for four days over a production quota dispute between OPEC leaders and African nations. The unnamed OPEC+ source told Reuters he expected an option for a “collective further reduction” in oil production during the

Oil supply running ahead of demand before delayed OPEC production policy meeting- oil and gas 360

Oil supply running ahead of demand before delayed OPEC production policy meeting

World Oil (Bloomberg) – Ahead of the delayed OPEC+ meeting on Thursday, there are indications oil supply is running ahead of demand, highlighting the thorny challenge facing the group as it prepares to set production policy for 2024. With futures well down from September highs, widely watched timespreads for global benchmark Brent and U.S. counterpart West Texas Intermediate have softened,

ESG moment of truth turns tables for big oil- oil and gas 360

ESG moment of truth turns tables for big oil

Oil Price This week saw the release of the latest report from the International Energy Agency, which called for a fast reduction in oil and gas investments and production, embracing alternative energy sources instead to help advance the transition. Also this week, media picked up another story that makes the ground for the IEA report a bit shaky. The story

Argentina oil driller surges as new president looks to unlock “untapped” Vaca Muerta shale- oil and gas 360

Argentina oil driller surges as new president looks to unlock “untapped” Vaca Muerta shale

World Oil (Bloomberg) – Argentina’s YPF SA surged the most on record following the election of outsider presidential candidate Javier Milei, who said he plans to privatize the state-owned oil and gas producer and remove controls stymieing the sector. The driller’s American Depository Shares soared as much as 43%, the biggest intraday move since they began trading in 1993. Argentina’s

OPEC head accuses IEA of vilifying fossil fuel industry- oil and gas 360

OPEC head accuses IEA of vilifying fossil fuel industry

Nasdaq DUBAI – OPEC Secretary General Haitham Al Ghais on Monday accused the International Energy Agency (IEA) of vilifying the oil and gas industry, in the latest clash between the groups over climate policy. Al Ghais was referring to a note published by the West’s energy watchdog on Thursday that said the fossil fuel industry was facing a “moment of

The pricey reality behind Biden's EV aspirations- oil and gas 360

The pricey reality behind Biden’s EV aspirations

Oil Price The Biden administration is pushing for widespread electrification in less than 20 years through government subsidies and coercive regulations as part of its aggressive climate agenda. The truth is that President Joe Biden’s goals are an illusion at the expense of the American people. While EV proponents try to claim that EVs will soon be cheaper than gasoline vehicles,