News

Crude ouput: OPEC+ opens oil tap wider before planned August hike, raising fears of price fall
OPEC+ is set to accelerate oil production increases in August, exceeding previous plans with a 548,000 barrel-per-day boost.
OilPrice.com21h
OPEC Set to Move Up Meeting to July 5 and Hike Output Again
OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain ...
OPEC Agrees in Principle to Larger Than Expected Increase
OPEC has agreed in principle to further accelerate its supply increases next month, delegates said, as the group led by Saudi Arabia seeks to reclaim market share.
Crude oil lacking bullish momentum as market looks at rising OPEC supply
Oil prices ticked down on Tuesday as prospects of more supply from the Organization of the Petroleum Exporting Countries and ...
OilPrice.com2d
OPEC Reports a Global Oil Production Decline in 2024
Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.
Can OPEC+ flood the world with crude? It’s harder than oil traders think.
A portfolio manager pointed out a “unique” market development that could already be helping to tighten global crude ...
Oil News: Can Crude Oil Hold 200-Day MA Despite OPEC Production Surge?
Oil posts worst week since March 2023, down 12% on Israel-Iran ceasefire. OPEC+ production hike adds pressure but Friday ...