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An OPEC+ panel is unlikely to alter existing plans to raise oil output when it meets on Monday, four OPEC+ delegates said, ...
OPEC+ is expected to maintain its current output policy at Monday's Joint Ministerial Monitoring Committee meeting, planning ...
According to the government, Saudi Arabia affirms its adherence to the voluntary OPEC+ output target. There is full ...
Oil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts. Supply in the oil market has been on the upside since the Organization of the ...
Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the extra crude, and will the group actually export the additional barrels they say ...
Oil prices slipped more than 1% on Monday after OPEC+ surprised markets by hiking output more than expected in August, raising concerns about oversupply. Brent crude futures fell 80 cents, or 1.2%, to ...
The path of least resistance for oil prices from here is higher. That’s what analysts at Standard Chartered Bank, including ...
The crude oil market traded with sharp volatility this week as traders balanced OPEC+ production increases, renewed ...
Saudi Arabia raised crude output far above its OPEC+ quota last month, joining other producers in a rush to export oil out of the Persian Gulf as Israel went to war with Iran, according to the ...
Oil rose for the first time in five sessions with help from expectations of the U.S. reaching a trade deal with the EU, while ...
OPEC+ will increase oil production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalize on strong summer demand in its move to reclaim market share.
If OPEC+ had pressed on with its previously announced output increases, "in its entirety in order to placate members' desire to restore market share," that would have added to the downside risks ...