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OPEC+ to Boost Oil Output

Analysis-Why the oil market is tight despite big OPEC+ output hikes

By Robert Harvey, Ahmad Ghaddar and Seher Dareen LONDON, August 7 (Reuters) -OPEC+ oil producers have used high summer demand to launch their first output increases in three years, but those targets have proved difficult to hit,

CNN on MSN · 3d

OPEC+ makes another large oil output hike in market share push

OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential supply disruptions linked to Russia.

The Wall Street Journal on MSN · 2d

OPEC+ Output Increase Sets Oil on Downward Path

Crude futures extend losses with OPEC+ plans for higher output raising concerns of oversupply while India pushes back against U.S. tariff threats over its Russian oil purchases. “Oil spreads are trading like the market thinks India will ignore the U.

Low global diesel supplies support crude prices despite OPEC+ boost

Low diesel stockpiles worldwide are countering the downward pressure on crude oil prices from rising OPEC+ supply and setting ...

OPEC+ 8 Announce 547,000 Bpd 'Production Adjustment' for Sept

The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023 … met ...

3don MSN

OPEC+ countries to boost oil production by 547,000 barrels per day

A group of countries that are part of the oil cartel OPEC+ have agreed to boost oil production, which some believe could ...

Legit.ng on MSN8h

Depot Fuel Prices Fall Across Nigeria as Oil Prices Crash to $68 as OPEC+ Reverses Cuts

The drop in global crude oil costs has led to cuts in depot prices as OPEC+ increased production output. Nigerians expect ...

3don MSN

OPEC+ Countries Agree to Boost Oil Production: What to Know

OPEC+ members have agreed to a second consecutive production increase this year, effectively ending voluntary cuts on ...

OPEC+'s Supply Increases Could Ease India's Potential Shift Away From Russian Oil

India's potential move away from Russian oil would raise challenges in sourcing comparable crude, but the expected increase in OPEC+ supply should ease the availability of medium sour grades, ...

OPEC+ Agrees in Principle to Another Bumper Supply Increase

OPEC+ members have agreed in principle to make another bumper oil production increase of about 548,000 barrels a day for ...

The National Interest on MSN2d

OPEC+ Unwind Opens Door for Trump to Go After Russian and Iranian Oil Exports

President Trump may have a way to go after Russian and Iranian oil exports as a result of OPEC+'s recent decision.

OPEC+'s bet the oil market could absorb additional barrels appears to be paying off: RBC's Croft

Oil futures are under pressure after OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies ...

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