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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.
Oil Slips on Larger OPEC+ Output Hike
OPEC and its allies agreed to a larger-than-expected production hike for the fourth straight month, fueling concerns about a ...
Oil falls as OPEC+ hikes August output more than expected
Oil prices slipped on Monday after OPEC+ surprised markets by hiking output more than expected in August, while uncertainty ...
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 ...
News Tribune33m
OPEC+ to boost oil production in August
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year.
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, ...
Crude oil prices fall after OPEC hikes August output more than expected; MCX crude drops nearly 2%
Crude oil prices declined after OPEC agreed to raise production by 548,000 barrels per day in August. Oil prices also came ...
Trade deadlines and oil drama set the stage for a crunch week in global markets
Another assignment that is much more definitive: the OPEC Seminar. The circus rolls back into Vienna as the oil producers' ...
Oil Prices Could Face More Pressure in 2H
Crude oil futures were lower and OCBC said prices were expected to face further downward pressure in 2H following OPEC+’s announcement to quicken supply hikes.
The Business Times11h
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 ...
OPEC+ to boost oil production by 548,000 barrels per day in August
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices.
Oil Gives Back Some Gains With OPEC+ in View
After yesterday’s rally on renewed Middle East geopolitical risk premium, the market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August.