News

OPEC+ output hikes not causing inventory builds, signaling firm demand
Ministers and executives from OPEC nations, along with bosses of Western oil majors, stated on Wednesday that increased ...
Exclusive: OPEC+ set to complete big oil output cut unwinding in Sept, sources say
OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of ...
Khaleej Times on MSN3h
Market braces for sub-$60 oil as Opec+ lifts output
Over the weekend, the group announced a larger-than-expected hike of 548,000 bpd for August, the fourth consecutive monthly ...
Analysis: OPEC+ production hikes could drive oil towards $60/barrel
Oil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts.
Oil tumbles as OPEC+ hikes August output more than expected
Oil prices slipped more than 1% on Monday after OPEC+ surprised markets by hiking output more than expected in August, ...
Oil Pares Losses as Market Shrugs off Larger OPEC+ Output Hike
Despite concerns over excess supply, oil prices overturned declines from earlier in Monday’s session, as downside risks ...
OilPrice.com17h
Can the Oil Market Absorb OPEC+ Output Hikes?
Growing supply from the OPEC+ group, although not as high as the monthly headline figures suggest, is set to create an ...
Russia’s Crude Production Stayed Below OPEC+ Target in June
Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.
OPEC+ Agrees on Larger-Than-Expected Supply Hike Again
The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than ...
Saudi plays short and long game with OPEC+ production gamble
Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...