Friday, September 5, 2025
OPEC+ to resume regular oil market monitoring meetings in February after fresh production cuts- oil and gas 360

OPEC+ to resume regular oil market monitoring meetings in February after fresh production cuts

World Oil (Bloomberg) – OPEC+ will resume its regular oil market monitoring meetings with an online session early next month, delegates said. The Joint Ministerial Monitoring Committee, which includes group leaders Saudi Arabia and Russia, will convene in the first week of February, said the delegates, who asked not to be identified because the information is private. One person said

Oil prices gain 3% on supply concerns after oilfield shutdown in Libya- oil and gas 360

Oil prices gain 3% on supply concerns after oilfield shutdown in Libya

Yahoo Finance NEW YORK (Reuters) -Oil prices climbed about 3% on Wednesday after a disruption at Libya’s top oilfield added to fears that tensions in the Middle East could reduce global oil supplies. Brent futures rose $2.44, or 3.2%, to $78.33 a barrel by 11:06 a.m. EST (1606 GMT), while U.S. West Texas Intermediate (WTI) crude rose $2.45, or 3.5%,

Chevron to take up to $4 billion in charges in Q4- oil and gas 360

Chevron to take up to $4 billion in charges in Q4

Nasdaq Jan 2 (Reuters) – Chevron CVX.N said on Tuesday it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S. Gulf of Mexico that had been previously sold. The U.S. oil major expects to take non-cash, after-tax charges of between $3.5 billion and $4 billion in its fourth quarter 2023