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Oil shrugs off OPEC+'s bigger hike as tight market provides support
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 reversing early losses as a tight physical market lent support.
17hon MSN
OPEC+ jolted markets by announcing it would flood the market with more oil.
Saudi Aramco is raising crude prices globally next month despite OPEC+’s decision to significantly increase oil supply.
Khaleej Times on MSN8h
Saudi Arabia raises August oil prices for Asia, Europe buyersState energy firm Saudi Aramco raised the official selling price for its flagship Arab light crude to Asia loading in August ...
Saudi Arabia, the world's biggest oil exporter, may raise its August crude oil prices for buyers in Asia to the highest in ...
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...
The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...
The expansion in Saudi Arabia's non-oil private sector activity accelerated in June, driven by robust client demand and a ...
Electric cars account for a tiny proportion of vehicle sales in Saudi Arabia. But the oil-rich kingdom wants to change that ...
Agence France-Presse on MSN2d
Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further increase oil output in August.They decided to hike production to 548,000 barrels per day, a statement following a meeting in Vienna said. Analysts had expected the alliance to decide on another output increase of 411,000 barrels ...
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