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OPEC, Saudi Arabia and Oil

Bloomberg · 12h

Saudi Arabia Wants More Super-Size OPEC+ Hikes

Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes in the coming months as it puts greater importance on regaining lost market share, according to people familiar with the matter.

Behind OPEC+ oil output hike, Saudi-Russian tensions simmer

Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil output increases while Moscow argued for a pause, four OPEC+ sources with knowledge of the talks said.

MarketWatch on MSN · 2d

Oil prices jump despite OPEC+ announcing another sharp production hike

The largest group of oil-producing nations agreed over the weekend to sharply increase crude production for the third month in a row, a move intended to reassert control over the market by driving oil prices lower.

OPEC, Oil Prices and Geopolitical

The Economic Times on MSN · 1d

Oil Slips on Rising OPEC+ Output, Despite Canadian Supply Concerns

Some analysts expect the loss in Canadian supply to offset more than half the increases next month planned by OPEC+. "Estimates suggest around 350,000 barrels per day have been affected and shut in," said SEB analyst Ole Hvalbye, referring to the impact of the wildfires.

The Wall Street Journal on MSN · 1d

Oil Prices Rise on Simmering Geopolitical Concerns

Oil prices rose, exacerbated by rising geopolitical tensions that have more than shrugged off OPEC+’s decision to accelerate production hikes.

Arabian Post on MSN · 1d

Oil Prices Rise on OPEC+ Supply Restraint and Geopolitical Tensions

Dubai Oil prices strengthened sharply as OPEC+ agreed to a modest increase in production, falling short of some market expectations, while escalating geopolitical tensions in Ukraine and Iran added further upward pressure.

11hon MSN

Saudi Arabia cuts July oil prices for Asia to nearly 4-year low after OPEC+ supply boost

Saudi Arabia, the world's biggest oil exporter, cut its July prices for Asian crude buyers to close to the lowest level in ...

StanChart: OPEC+ Is About To Become Much More Transparent

OPEC+ launched a major initiative to define maximum sustainable production capacity (MSC) by 2027, an iniative that could ...

1d

OPEC+ Oil Production And Brent Crude: Key Factors Driving Price Fluctuations

Oil prices surged yesterday, ending the day with a 3.75% gain as OPEC+ surprised markets with a supply increase that came in ...

2d

Oil Advances as OPEC+ Supply Boost Vies With Geopolitical Risk

Oil climbed after OPEC+ increased production less than some had feared and geopolitical concerns flared in Ukraine and ...

2don MSN

Oil gains on supply concerns as wildfires disrupt Canada supply, OPEC+ keeps output plans unchanged

Oil prices climbed nearly 3% on Monday on supply concerns as producer group OPEC+ decided not to accelerate plans to hike ...

1d

Global Oil Stockpiles Are Expanding Fast as OPEC+ Hikes Supply

Oil inventories have risen sharply across the world in recent weeks, a sign of the pressure that higher output from OPEC+ ...

OilPrice.com14h

Kazakhstan’s State Oil Firm Eyes Yuan Bonds as It Defies OPEC+ Cuts

Kazakhstan’s state oil firm KazMunayGas is exploring yuan-denominated bonds and Arab debt markets for cheaper financing, ...

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