opec crude oil production

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OPEC+ to boost crude oil production

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.

Reuters · 2d

Goldman Sachs expects OPEC+ members to increase oil production by 550,000 bpd in September

Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day in September, which would complete the unwinding of 2.2 million bpd of voluntary cuts,

FX Empire · 2d

Oil News: Will OPEC Production Surge Sink Crude Oil Futures This Week?

Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of next week’s trade.

OPEC, Oil

Reuters · 1d

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?

The Wall Street Journal on MSN · 1d

Oil Futures Shrug Off Bigger OPEC+ Output Increase

Oil futures shook off the initial negative reaction to OPEC+ further accelerating the return of production to settle higher.

Bloomberg L.P. · 1d

Oil Edges Up as Saudis Bet Market Can Absorb OPEC+ Output Hike

Oil crept higher as Saudi Arabia surprised customers in Asia by hiking prices for its main crude grade, signaling a vote of confidence that the market can absorb extra OPEC barrels.

Crude Oil Prices1y

OPEC's 2024 Crude Oil Production Cuts, Explained

OPEC's 2024 Crude Oil Production Cuts, Explained By Robert Rapier - Dec 20, 2023, 6:00 PM CST. OPEC's primary goal is to maximize profits from oil exports, often conflicting with the ...

UPI3mon

8 OPEC nations boost crude oil production by 411,000 barrels a day

Eight OPEC oil producing nations Thursday agreed to boost crude oil production by 411,000 barrels a day, lowering prices by 6%. The increase was much more than expected and starts in May.

Hosted on MSN6mon

OPEC reveals Nigeria's actual crude oil production for December 2024

OPEC said Nigeria met a significant oil production milestone of 1.5 million barrels per day in December 2024 Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the ...

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 ...

23hon MSN

Oil Prices Set to Be Less Affected by Geopolitical Tensions

Oil prices were likely to be less affected by geopolitical tensions going forward, HSBC said, adding that it expected any future flare-ups in the Middle East region to have diminishing impacts on oil ...

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