iPath Pure Beta Crude Oil ETN

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OPEC+ looks set to cut output when it meets on Wednesday, curbing supply in an oil market that energy company executives and analysts say is under strain from robust demand, lack of investment and production problems.

OPEC+ supply cuts loom over tight oil market

OPEC+ is expected to deliver a big cut in oil production when delegates meet in person in Vienna on Wednesday, but the reduction may sound more impressive than it really is, economists and analysts are warning.

Why an OPEC+ oil production cut could be less than meets the eye

Oil futures rose Tuesday, extending gains a day ahead of a meeting of the Organization of the Petroleum Exporting Countries and their allies that's expected to consider a large production cut.

Oil ticks higher ahead of OPEC+ meeting that could bring production cuts

Economic headwinds have yet to signifantly erode the world's demand for oil, top oil traders said at the Argus European Crude Conference in Geneva on Tuesday.

Top oil traders see buoyant demand despite economic headwinds

The Wall Street Journal has reported that the OPEC+ group was considering a production cut of more than 1 million barrels a day.

Oil Prices Edge Higher as OPEC+ Expected to Cut Production

WTI oil is moving higher amid a broad rally in commodity markets.

WTI Oil Tries To Settle Above $84 As Dollar Declines

Oil prices inched higher in early Asian trade on Tuesday, on expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday but concerns about the global economy capped gains.

Oil prices inch higher ahead of OPEC+ meeting to discuss supply cuts

In the weeks ahead, more oil could come off the market, making for a severely undersupplied market.

How OPEC's Production Cut Could Spark a Bigger Oil Rally

Oil futures climbed sharply on Monday, with U.S. prices up more than 5% as traders bet that the Organization of the Petroleum Exporting Countries and their allies will agree later this week to cut production on concerns over a slowdown in the economy that would hurt demand for oil. News reports said the group of producers, known as OPEC+, may consider a reduction of more than 1 million barrels per day or more.

U.S. oil futures gain more than 5% on bets that OPEC+ will agree to cut output

OPEC is "the only game in town" as it still has spare production capacity, said Goldman Sachs commodities chief Jeff Currie.

OPEC's power is at an all-time high and 'the old oil order is back,' says Goldman Sachs commodities chief

Crude oil markets have rallied a bit during the trading session on Monday, but quite frankly we are looking at a situation where traders are still facing a lot of headwinds.

Crude Oil Price Forecast – Crude Oil Markets Fight Back

OPEC and its allies meet this week and will reportedly consider a production cut of over one million barrels per day to address what it considers a weak market.

Oil Prices Surge as OPEC Considers Cut

OPEC+ will reportedly discuss an oil output cut of over one million barrels per day (bpd) in what would be the largest move since the pandemic to try and correct market weakness. A meeting will take place on Wednesday 5 October to address falling oil prices and several months of significant market volatility that prompted Saudi Arabia to say production may be slashed.

OPEC+ will likely cut oil production by 1mln barrels per day to raise prices and correct market volatility

Brent crude futures were up 3.89% on Monday on news that OPEC+ could slash output, while WTI were 3.86% higher to trade at $82.56 a barrel.

Oil jumps 3% after OPEC+ mulls cutting its output by more than 1 million barrels a day

OPEC+ is reported to be considering slashing production by more than one million barrels a day.

Oil Prices Surge on Expected OPEC Output Cut

The OPEC+ group of oil producers is discussing output cuts of more than 1 million barrels per day (bpd), OPEC sources said, and voluntary cuts by individual members could come on top of that, making it the largest cut since 2020.

OPEC+ mulls largest cuts since 2020 pandemic crisis

OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria on Wednesday to decide on the next phase of production policy.

Oil prices could soon return to $100 as OPEC+ considers ‘historic' cut, analysts say

Oil prices jumped on Monday following reports that the OPEC+ cartel is planning a large production cut.

Oil prices jump on reports OPEC+ will cut production

OPEC+ to Meet in Person for Expected Output Cut. Oil Prices Surge.

The US is pushing for higher oil production and lower costs, aiming to hit hard at Russian oil revenues.

OPEC is mulling an oil-production cut of more than 1 million barrels per day, and the move is exactly the opposite of what the US wants right now

Saudi Arabia is reportedly ready for a voluntary production cut, which should provide additional support to oil markets.

WTI Oil Rallies As OPEC+ May Cut Production By More Than 1 Million Bpd

On Monday, traders will watch the release of a key economic report – the ISM's manufacturing purchasing managers index for September – for clues about the state of the U.S. economy.

OPEC+ considers production cut, Tesla sales lower and more: Monday's 5 things to know

Oil jumped on Monday as OPEC+ considers a cut to output this week, while Asia shares were mixed with holidays in the Asia-Pacific region likely to result in thin trading.

Oil climbs, Asian shares mixed as holiday-heavy week gets underway

Oil prices jumped more than 3% in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market.

Oil jumps more than 3% as OPEC+ mulls cuts of up to 1 million barrels per day

OPEC+ is set to consider Wednesday its most drastic reduction of production since the pandemic began in order to help prop up falling oil prices, a move that could put pressure on global economic growth.

News for iPath Pure Beta Crude Oil ETN Stock (OIL)