Salma El Wardany

La OPEP+ acordó suspender durante dos meses el aumento previsto de la producción de petróleo, después de que los precios se desplomaran ante la fragilidad de la demanda y la oferta abundante.

(Bloomberg) -- OPEC+ clinched a deal to pause its planned oil output hike for two months after prices plunged amid fragile demand.

Libyan factions agreed to appoint a new central bank governor, paving the way for a resolution to a row that’s sharply cut the OPEC nation’s oil output.

Libyan factions agreed to appoint a new central bank governor, paving the way for a resolution to a row that's slashed the OPEC nation's oil output.

Libya’s eastern-based parliament approved a new central bank governor, ending a standoff over control of the OPEC member’s vast energy revenue and setting the stage for a full resumption of oil output.

Libyan oil production has climbed above 1 million barrels a day for the first time in two months, after the resolution of a political standoff in the OPEC nation that had curbed output and exports.

Nigeria’s government summoned a senior Libyan diplomat to protest the treatment of its national football team during a trip to the North African country this week.

Discussions between OPEC+ members on Sunday have reached an agreement in principle to delay their December production increase, a delegate said.

OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive supply as prices continue to struggle amid a fragile economic outlook.

Escalating tensions in the Middle East and US relations with China pose the greatest concerns for Big Oil, according to some of the industry’s top executives.