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OPEC+ to boost crude oil production

UAE Says the Oil Market Is Thirsty for More OPEC+ Barrels

OPEC+ has surprised markets with a sharp output increase, citing strong demand and low inventories, and plans to fully unwind its production cuts by September.

The New York Times · 3d

OPEC Plus Agrees to Pump More Oil in August

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts expected and could lead to lower oil prices.

UPI on MSN · 3d

OPEC+ to boost crude oil production in August

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in August.

Oil Prices Dip

Reuters · 2d

OPEC+ is pumping more oil, but is it needed and at what price?

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the extra crude, and will the group actually export the additional barrels they say they are going to produce?

AOL · 1d

Oil prices expected to drop below $60 on increasing OPEC+ supply

Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the Petroleum Exporting Countries (OPEC) and its allies boost output.

ABP - Live on MSN · 1d

Oil Prices Dip As Traders Weigh US Tariffs And OPEC+ Output Increase

Oil prices eased in early Tuesday trade after nearly two per cent gains the day before, as investors evaluated the implications of fresh US tariff plans alongside a larger-than-expected output increase by OPEC+ for August.

1don MSN

Exxon, Chevron, Shell, BP Stocks Fall. OPEC Oil Plans, Gas Trading Fears Are Biting.

The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...

Bloomberg on MSN1h

ESAI Energy's Sarah Emerson on OPEC, Oil Prices, Supply

Sarah Emerson, President of ESAI Energy, talks about OPEC+ latest production hike, summer demand and supply. She speaks to Bloomberg's Joumanna Bercetche from the sidelines of OPEC's 9th International ...

2don MSN

Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil

OPEC+ jolted markets by announcing it would flood the market with more oil.

OPEC oil output rises in June on Saudi and UAE hikes, Reuters survey finds

OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...

OilPrice.com1d

OPEC+ to Complete Unwinding of Oil Output Cuts With Big September Hike

OPEC+ is accelerating its oil production increases, aiming to fully unwind its 2023 supply cuts by September, risking an ...

The Business Times2d

Opec’s new supply shock nails on oil market’s return to surplus

NEW YORK] The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners ...

Machine Fastest on MSN1d

OPEC Strikes Back: How Their Bold Move Could Break the U.S. Oil Industry

In a shocking move that’s rattling global oil markets, OPEC has delivered a powerful blow to the U.S. energy ...

Money Talks News on MSN1d

Fill up for Less? OPEC’s Oil Shift Could Open a Summer Window

Learn why this moment matters for your gas spending and how smart planning can turn it into longer-term savings.

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