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OPEC+ is pumping more oil

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 · 8h

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.

OilPrice.com · 1d

Oil Prices Expected to Stay Under $70

Analysts and investment banks predict oil prices will remain below $70 per barrel for the rest of 2025 due to market oversupply and uncertain demand, despite Middle East tensions.

Oil Pares Losses

The Wall Street Journal on MSN · 16h

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 appeared contained.

Reuters on MSN · 16h

Oil steadies as tight market supports despite big OPEC+ hike

Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the potential impact of U.S. tariffs, with prices mostly reversing early losses as a tight physical market lent support.

Forbes · 1d

Oil Market Heading For Surplus In 2025 On Latest OPEC+ Output Hike

Another tussle for oil market share at low prices beckons, after OPEC+ producers announced a higher than expected crude production hike that may cause a supply glut.

2hon MSN

Shares steady, dollar firms on US tariff letters; oil dips

Stock markets in Asia took in stride the latest twist in U.S. President Donald Trump's tariff roll-out on Tuesday, as the ...

22hon 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.

10hon MSN

WTI crude oil could fall into the 50s, says Pickering Energy's Dan Pickering

CNBC's "Power Lunch" team is joined by with Dan Pickering, founder and CIO of Pickering Energy Partners, to discuss the ...

6hon MSN

Exxon Mobil warns lower oil, gas prices could cut profit by over $1B

Benchmark Brent crude prices averaged $66.71 per barrel during the April to June quarter, an 11% decline from the previous ...

1don MSN

Oil prices fall as OPEC+ ramps up production; U.S. stock futures decline as tariffs to go into effect Aug. 1

U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners ...

OilPrice.com6h

Oil Markets Are Tighter Than They Look

China’s slowing demand and India’s rise as a refining hub, combined with “missing barrels” and potential new US sanctions, could drive unexpected bullish shifts in oil markets ...

4hon MSN

Oil Edges Lower Amid Lingering Supply Concerns

Oil edged lower in the early Asian session amid lingering supply concerns.

After Gasoline, China’s Oil Refiners Face a Jet Fuel Glut

China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already ...

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