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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.
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 ...
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 ...
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 ...
TradeWinds1h
Fresh Opec production hike buoys tanker rate outlook
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The Business Times14h
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 ...
Oil Drops as Larger OPEC Supply Increase Raises Glut Concerns
Oil declined after OPEC agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Goldman sticks to forecast for lower oil prices after OPEC production jump
Goldman Sachs commodity analysts are sticking to their forecast for Brent to average $59 a barrel by the fourth quarter of this year and $56 in 2026, following a bigger-than-expected production rise ...
Ticker: OPEC+ to boost oil production; China bans EU medical devices
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...
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 ...
OPEC+ speeds up oil output hikes, adds 548,000 bpd in August
By Alex Lawler, Maha El Dahan, Olesya Astakhova and Ahmad Ghaddar LONDON (Reuters) -OPEC+ agreed on Saturday to raise ...
Devdiscourse3h
Market Jitters: U.S. Tariffs and OPEC + Supply Increases Sway Global Markets
Markets reacted cautiously as U.S. trade policies remained uncertain, with President Trump planning tariff hikes. OPEC+ ...