CLH27.NYM - Crude Oil Mar 27
| Pre. Settlement | N/A |
| Settlement date | 2027-02-22 |
| Open | 62.80 |
| Bid | N/A |
| Last price | 62.33 |
| Day's range | 62.80 - 62.80 |
| Volume | |
| Ask | 0.00 |
Yahoo Finance VideoSaudi Arabia oil production cuts could be a 'slow gathering storm' for supply
Saudi Arabia announced that it is cutting oil output by 1 million barrels per day starting in July. Vanda Insights Founder Vandana Hari discusses how this cut will impact oil prices moving forward.
ZacksPetrobras (PBR) to Boost Oil Production in Buzios Field
Petrobras (PBR) commences production on the FPSO Almirante Barroso platform in Brazil's Buzios field, which has the capacity to produce up to 150,000 barrels of oil and 6 million cubic meters of gas per day.
ZacksSaudi Pledges Extra Oil Output Cuts: 4 Sector ETFs to Win
In a surprise move, Saudi Arabia pledges to reduce its oil output further by a million barrels a day, causing a noticeable uptick in global oil prices.
BloombergTrudeau Is Betting $9 Billion on a Plan to Clean Up the World’s Dirtiest Oil
(Bloomberg) -- Canada is staking billions of dollars of public money on an oil industry plan to transform one of the world’s dirtiest crudes into one of the cleanest. But it’s relying on a technology with a checkered track record to prolong the life of a business critics say belongs in the history books.The tar that infuses the sands in Canada’s remote northwest is so sticky the region’s indigenous people traditionally used it to waterproof their canoes. It wasn’t much use for anything else unti
Yahoo Finance UKOil prices continue rally after top crude exporter cuts output
Saudi Arabia said it will reduce production by 1 million barrels per day from July, prompting oil prices to jump.
- Investing.com
U.S. oil stocks pare back early gains amid Saudi output cut pledge
Investing.com -- U.S. oil stocks pared back early gains in choppy trading on Monday as these companies were boosted by a jump in oil prices following an announcement from Saudi Arabia that it plans to cut production from next month.
- Investing.com
Crude oil soars; Saudi production cut boosts sentiment
Oil prices soared Monday after Saudi Arabia, the world’s largest exporter, pledged over the weekend to cut production by a further million barrels per day from July in an attempt to support a market hit by macroeconomic headwinds. Saudi Arabia, the de facto leader of the group of top producers known as OPEC+, announced on Sunday that the kingdom's output would drop to 9 million barrels a day in July from around 10 million barrels a day in May, the country’s biggest cut in years. This voluntary cut comes on top of the ongoing deal by the Organization of the Petroleum Exporting Countries and allies, including Russia, to limit supply into 2024.
Yahoo Finance UKWall Street and FTSE mixed as oil prices rise on Saudi supply cut
Oil prices were higher after Saudi Arabia said it will reduce how much crude it sends to the global economy in a bid to prop up prices.
BloombergSaudi Shoulders Burden to Support Oil Market With Extra Cuts
(Bloomberg) -- Saudi Arabia will make an extra 1 million barrel-a-day oil supply cut in July, taking its production to the lowest level for several years after a slide in crude prices.Most Read from BloombergMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyOil Trims Gains As Traders Wait for OPEC+ Cuts to MaterializeUS F-16 Triggers Sonic Boom Pursuing Cessna That CrashedOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutBiden Debt-Bill Signing Set to Unleash Tsunami of US Debt
- Investing.com
Oil prices surge after Saudi pledges more supply cuts
Investing.com -- Oil prices rose sharply in early Asian trade on Monday after Saudi Arabia pledged deep production cuts in July, while the Organization of Petroleum Exporting Countries and Allies agreed to extend supply cuts into 2024.
The TelegraphSaudi Arabia slashes oil production and threatens to do ‘whatever is necessary’ to boost prices
Saudi Arabia has announced plans to cut its oil production by 1 million barrels per day (bpd) as the Kingdom pledged to do “whatever is necessary” to prop up sagging prices.
Motley Fool2 High-Octane High-Yield Dividend Stocks That Could Rally Sharply From Here
Devon Energy (NYSE: DVN) and Pioneer Natural Resources (NYSE: PXD) are different breeds of dividend stocks. The oil companies pay fixed base quarterly dividends like most other dividend stocks. On top of that, they both pay variable dividends based on the oil-fueled free cash flow.
- Investing.com
Energy & precious metals - weekly review and outlook
By the time you read this, OPEC would have probably decided, even announced, new production levels meant to seize pricing of oil back from the hands of short-sellers who’ve driven the group nuts this year in trying to keep a barrel at $80 or more. Oil revenue is the lifeblood of the economies in OPEC, or the Organization of the Petroleum Exporting Countries, a 13-member Saudi-led group whose main objective is to be the price-setter of the commodity. Ten other oil-producing states, including Russia, that aren’t OPEC members also keep their output closely in line with the group’s for the sake of price.
- Financial Times
Saudi Arabia’s ‘prickly prince’ of oil bristles as crude price slides
Barring of journalists from this weekend’s Opec+ meeting underlines Prince Abdulaziz’s tempestuous reputation
Motley Fool1 Top Oil Stock I'm Buying in June
Oil prices have bounced between $70 and $80 a barrel this year. While there are many top oil stocks, I've zeroed in on Chevron (NYSE: CVX) as the one I want to buy this month. Here's why I believe oil prices appear poised to rally and why Chevron is my oil stock of choice to profit from that thesis.
The TelegraphDiesel prices plummet after crackdown on overcharging
Diesel prices dropped by a record 12p per litre in May, after a crackdown on overcharging.
BloombergOil Advances as Market Eyes Weekend OPEC+ Meeting in Vienna
(Bloomberg) -- Oil climbed alongside risk assets, with attention focusing on this weekend’s OPEC+ meeting in Vienna.Most Read from BloombergMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS-China Handshake Fails to Stem Asia’s Fear of Another UkraineQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersOPEC and its allies are expected to weigh disappoin
- Investing.com
Oil rallies 2nd day in row, paring weekly loss ahead of OPEC
Fear that the OPEC+ alliance of world oil producers could announce a third production cut in nine months led crude prices to rally again on Friday, significantly paring weekly losses. London-traded Brent crude was up $1.75, or 2.4%, to $76.03. Like WTI, Brent was down 1% on the week.
- Investing.com
Crude oil soars on debt ceiling progress; OPEC+, Fed meeting in focus
Oil prices rose sharply Friday after the U.S. debt ceiling deal passed through Congress, averting a default ahead of the weekend’s meeting of OPEC ministers and their allies at the weekend. The U.S. Senate approved a bill to lift the country’s $31.4 billion debt ceiling late Thursday, the day after the House of Representatives did the same. The agreement now heads to the White House, with President Joe Biden just having to sign the deal to stave off a sovereign default that would have had severe economic repercussions globally.
BloombergPalm Oil Production Seen Surging in Malaysia as Workers Return
(Bloomberg) -- Palm oil supply in Malaysia is set to soar as a labor crunch eases in the world’s second-biggest producer, paving the way for a bumper crop in the second half of the year, said a senior plantation executive. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersInside the Making of Redfall, Xbox’s Latest MisfireRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at
Simply Wall St.Returns on Capital Paint A Bright Future For Hibiscus Petroleum Berhad (KLSE:HIBISCS)
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
- Investing.com
Oil rises on debt ceiling optimism, OPEC uncertainty caps gains
Investing.com -- Oil prices rose in Asian trade on Friday as markets cheered the approval of a bill to raise the U.S. debt ceiling and avoid a default, although uncertainty ahead of an OPEC meeting over the weekend kept gains in check.
- Investing.com
Oil: OPEC’s action on Sunday will be price-driven vs. hype - Citi
The outcome of Sunday’s OPEC+ meeting will most likely be price-driven versus the alliance’s hype that it isn’t price-focused, analysts at Citigroup suggested in a note issued Thursday. “What the 8 OPEC+ members, plus Russia, that committed to make output cuts for May actually do when they meet this weekend is likely to be a function of prices,” the Citi note said, referring to Saudi Arabia, United Arab Emirates, Kuwait, Oman, Algeria, Kazakhstan and Iraq. “Further deterioration in prices toward $70 or below for Brent put a 60-70% likelihood on a cut by some members of the group, and Russia might not be one of them,” the note added.
