Members of OPEC+ agreed to make additional voluntary outputs in reduction, but the announced cuts were not as deep as expected.
From the upcoming climate conference in UAE, to inflation numbers in the US, and China’s GDP targets, a look at what the markets are tracking
Oil production tends to vary month by month, making it difficult to fix on a permanent production target
Brent crude oil futures dropped 98 cents, or 1.1 per cent, to $89.50 a barrel
West Texas Intermediate was little changed below $82 a barrel after surging 16 per cent in July
West Texas Intermediate held above $80 a barrel after a run of five weekly gains that lifted prices to the highest since April
West Texas Intermediate edged below $80 a barrel on Friday
West Texas Intermediate traded near $79 a barrel, after slipping 1.1 per cent on Wednesday
The economy will fall by 0.1 per cent this year if the government raises production in September and by 1 per cent if it holds the course for the rest of 2023
West Texas Intermediate traded just below $72 a barrel
Countries that import the most oil will have to make the biggest contribution to the fund
West Texas Intermediate edged higher to trade above $67 a barrel, after losing around 8 per cent over the previous three sessions
West Texas Intermediate futures slipped 0.7 per cent, after rallying 2.7 per cent on Friday
West Texas Intermediate steadied near $75 a barrel after closing 0.6 per cent higher on Thursday
West Texas Intermediate traded below $79 a barrel after rallying around 2 per cent over the previous two sessions
West Texas Intermediate fell toward $77 a barrel after dropping the most since the banking crisis in March last week
West Texas Intermediate futures dipped toward $77 a barrel and are more than 6 per cent lower this week
West Texas Intermediate remainder above $82 a barrel, taking its weekly advance to about 2 per cent and the longest winning run since June
West Texas Intermediate traded above $83 a barrel after advancing by 4.4 per cent over the prior two days
West Texas Intermediate traded above $81 a barrel after rallying by 2.2 per cent on Tuesday
West Texas Intermediate traded below $80 a barrel after closing 1.2 per cent lower on Monday
West Texas Intermediate traded near $73 a barrel after closing 0.3 per cent lower on Wednesday
West Texas Intermediate declined toward $69 a barrel after on Thursday
High US exports have also contributed to ample levels of supply
Prices for US customers were left unchanged
The kingdom wants to use its energy windfall to accelerate projects that contribute to weaning it off a reliance on oil
Anchor investors will subscribe for 40 per cent of the shares at the maximum price
Nations should aim to raise spending on technologies including carbon capture, nuclear power and hydrogen, according to Al Jaber
Saudi Aramco increased most of its prices for crude that will be shipped to its main market of Asia in March
Oil prices have had a rocky start to 2023, with a rally in mid-January fading away by the end of the month