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The Business Standard

Thursday
November 06, 2025

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THURSDAY, NOVEMBER 06, 2025

OPEC+

OPEC+

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

Oil prices jump more than $1 as Middle East tensions escalate

Brent futures leapt $1, or 1.36%, to $74.56 a barrel, while US West Texas Intermediate (WTI) crude spiked $1.07, or 1.53%, to $70.9 at 0330 GMT

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

Oil prices rise on Middle East conflict fears as Israel steps up attacks

Russian Foreign Ministry Sergey Lavrov. Photo: UNB/AP

Russia's Lavrov, Saudi crown prince discuss OPEC+ cooperation: Russia

Crude oil pouring out of a barrel. File Photo: Reuters

Oil dips on deflated US interest rate cut expectations, OPEC+ decision

OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants

OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants

Brazil's President Luiz Inacio Lula da Silva attends a news conference, in Montevideo, Uruguay, January 25, 2023. File Photo: REUTERS/Mariana Greif

Brazil's Lula, environmentalist... and oil champion

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic

Waning influence of OPEC+ in spotlight as prices flag

Russian President Vladimir Putin is welcomed by Minister of Foreign Affairs of the United Arab Emirates Sheikh Abdullah bin Zayed bin Sultan Al Nahyan upon arrival at the Abu Dhabi International Airport, United Arab Emirates December 6, 2023. Sputnik/Andrey Gordeev/Pool via REUTERS

Putin, flanked by Russian fighters, jets into Middle East to meet Saudi's MbS

FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) on a flag at the oil producer group's headquarters in Vienna, Austria, December 7, 2018. REUTERS/Leonhard Foeger/File Photo

Opec+ sees healthy growing global economy, despite inflation

A 3D-printed oil pump jack is seen in front of the OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/File Photo

OPEC leaders make case for fossil fuels at Riyadh climate event

Storage tanks and trucks at the Imperial refinery in Edmonton, Alberta, Canada..Photographer: Jason Franson/Bloomberg

The 'Peak Oil' sequel comes with a new twist

Emptier than we thought.Photographer: SeongJoon Cho/Bloomberg

Oil industry elite hits Singapore to debate crude’s next twist

Crude oil pouring out of a barrel. File Photo: Reuters

Oil rally takes a breather ahead of Fed, ECB rate hikes

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