iPath Pure Beta Crude Oil ETN

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United States Brent Oil Fund LP

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iShares U.S. Oil & Gas Exploration & Production ETF

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Investors are wary that the Saudi-led group won't stay on the same page in 2024.

Wall Street Shrugs Off Latest OPEC+ Oil Cuts

Occidental's talks with CrownRock will make the few remaining large parcels in the Permian basin pricey.

U.S. Oil Land Grab Continues

Oil prices exhibit stabilization following OPEC+'s production cuts, with Brent crude and WTI futures experiencing modest increases amid market skepticism.

Natural Gas and Oil Analysis: Market Reactions to OPEC+ Decisions and Technical Trends

Some of the world's biggest charities have joined forces with the World Bank's private investment arm in a climate financing venture to try to generate $11 billion in investments in developing countries.

Exclusive: At COP28, donors join IFC to lure $11 bln in climate cash

Oil futures rose Friday, attempting to find their footing and on track for weekly gains, after slumping the previous session after the outcome of an eagerly awaited OPEC+ meeting left traders unconvinced producers will fully deliver additional production cuts.

Oil prices stabilize after slumping on OPEC+ disappointment

COP28 will not seriously address the problem of energy poverty, because it requires either expensive renewables or 'bad' fossil fuels.

COP28 Will Generate Headlines But Not Much Else

Goldman Sachs analysts still expect prices to range between $80 to $100 a barrel next year.

Oil Prices May Return to $100. Why They Won't Stay Low Forever Thanks to OPEC.

Individual countries announced voluntary reductions totaling 2.2 million barrels per day for the first quarter of 2024.

Oil prices could reach $100 a barrel in 2024 if OPEC+ members fulfil pledges for voluntary cuts

OPEC+'s latest strategy, impacting crude oil futures, seeks to adjust supply in response to 2024's economic outlook.

Oil Prices Forecast: Mixed Reactions to OPEC+'s Production Strategy

Oil prices fell in early Asian trade on Friday, extended losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations.

Oil prices fall, extend slide after OPEC+ cuts underwhelm

OPEC+ announced Thursday that it is deepening oil production cuts, but crude prices actually dropped amid investor skepticism over the supply curb.

Saudi Arabia extends oil production cuts into start of 2024

Despite the total cuts by all countries added at the November 30th OPEC+ meeting, oil sold off testing key support. Countries like Angola have threatened not to stick to the new quota, promising to produce above target.

Skepticism Over the OPEC + Oil Cuts

This year's COP28 climate summit, being held in the glitzy Middle East city of Dubai, clicks into its first full day of scheduled events on Friday.

What to watch at COP28 on Friday?

A skeptical crude oil market was seeking another 'Saudi Lollipop' but got treated to an unedifying OPEC+ fudge instead as the group offered 2.2 mbpd in voluntary cuts.

OPEC+ Switches From ‘Saudi Lollipop' To A Group Fudge Of Voluntary Output Cuts

Gas prices were finally starting to go down, but a new OPEC+ deal means they're expected to rise soon.

Why Gas Prices Are Likely To Spike Again

U.S. oil futures settled with a loss of more than 2% on Thursday, even as OPEC+ announced that several of its member countries agreed to voluntary cuts totaling 2.2 million barrels a day for the first quarter of 2024. “While oil prices initially rallied on the extension and expansion of OPEC output cuts into 2024, investors remain concerned about OPEC compliance and global demand growth as we head deeper into the seasonally soft winter demand period,” said Rob Haworth, Senior Investment Strategy Director, U.S. Bank Asset Management Group.

U.S. oil futures settle more than 2% lower after OPEC+ announces voluntary output cuts

It's a bit surprising to see oil prices decline sharply after major oil producers pledged additional production cuts for the first quarter of next year, but that's exactly what's happened Thursday following a much-anticipated OPEC+ meeting.

Why oil prices are dropping despite OPEC+ pledge to make additional production cuts early next year

OPEC+ producers agreed to 2 million bpd of voluntary production cuts.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats Despite OPEC+ Production Cuts

U.S. crude production in September rose to a new monthly record of 13.24 million barrels per day, helped by a large increase in North Dakota, home to the Bakken shale, Energy Information Administration data showed on Thursday.

US crude production in September rose to monthly record - EIA

United Arab Emirates, a wealthy petrostate, is hosting this year's UN climate summit.  Countries will debate cutbacks to burning fossil fuels and climate funding for poorer countries.

What to watch at COP28 Dubai, the UN climate summit

Traders are concerned the cuts are only voluntary, raising the question of whether OPEC+ can follow through and curtail output, an analyst said.

U.S. crude oil falls more than 2% as skepticism mounts over OPEC cuts

The OPEC+ alliance had already instituted a 2 million-barrels-per-day cut in place until the end of 2024.

Oil kingpin Saudi Arabia extends its production cut into first quarter as OPEC+ leaves its official policy unchanged

Oil prices dropped in Thursday dealings, giving up early gains, after an official press release from the Organization of the Petroleum Exporting Countries and their allies made no mention of what earlier news reports had said would be a deal for an additional 1 million barrels-per-day cut in production quotas. OPEC+ said Brazil would join as a member starting in January.

Oil prices drop as OPEC+ announcement offers no details on production cuts

Negotiations at COP28 need to incorporate honest valuation assessments associated with transition tradeoffs. COP28 is a time to confront reality.

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