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Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources from the producer group told Reuters, as they seek to regain market share.
Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.
Capital Market on MSN2h
Oil flat ahead of OPEC+ meet; eyes 2% weekly gainOil prices held steady in cautious trade ahead of this week's key OPEC+ meeting. WTI crude hovered near $67.07, up just 0.1%, within a tight range, while MCX July crude was flat ...
Bloomberg on MSN6h
Vakhshouri: OPEC a Stabilizing Factor in Oil MarketOil was trading slightly lower ahead of an OPEC+ meeting on July 6 that is set to deliver another oversized production hike.
Oil prices dipped on Thursday as analysts weighed the implications of the U.S. tariffs set to be imposed only July 9, as well as the likelihood of the Organization of the Petroleum Exporting Countries ...
The downside of the Oil prices could be restrained as on Thursday, the US Treasury and State departments announced separate sanctions against a network that smuggles Iranian oil disguised as Iraqi Oil ...
The first half of the year saw significant oil price volatility influenced by U.S. trade policies, OPEC+ production decisions ...
The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) ...
The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.
If approved, this would bring OPEC+'s total supply increase for the year to 1.78 million bpd, equivalent to more than 1.5% of ...
The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the ...
Amid ongoing tensions in the Middle East between Israel and Iran, a commodities expert says he expects oil prices to remain ...
Price have been kept in check by expectations that the Organization of the Petroleum Exporting Countries and its allies including Russia, know as OPEC+, will boost its August crude oil output by an ...
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