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OPEC+ is pumping more oil

OPEC Plus Agrees to Pump More Oil in August

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts expected and could lead to lower oil prices.

Reuters · 1d

OPEC+ is pumping more oil, but is it needed and at what price?

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 they are going to produce?

AOL · 13h

Oil prices expected to drop below $60 on increasing OPEC+ supply

Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the Petroleum Exporting Countries (OPEC) and its allies boost output.

21hon MSN

Exxon, Chevron, Shell, BP Stocks Fall. OPEC Oil Plans, Gas Trading Fears Are Biting.

The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...

Machine Fastest on MSN1h

OPEC Strikes Back: How Their Bold Move Could Break the U.S. Oil Industry

In a shocking move that’s rattling global oil markets, OPEC has delivered a powerful blow to the U.S. energy ...

OilPrice.com21h

OPEC+ to Complete Unwinding of Oil Output Cuts With Big September Hike

OPEC+ is accelerating its oil production increases, aiming to fully unwind its 2023 supply cuts by September, risking an ...

5hon MSN

Oil Pares Losses as Market Shrugs off Larger OPEC+ Output Hike

Despite concerns over excess supply, oil prices overturned declines from earlier in Monday’s session, as downside risks ...

1don MSN

Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil

OPEC+ jolted markets by announcing it would flood the market with more oil.

OPEC oil output rises in June on Saudi and UAE hikes, Reuters survey finds

OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...

Crude oil price today: WTI price bearish at European opening

AUD/USD consolidates latest gains below 0.6550 as RBA Governor Bullock's press conference gets underway early Tuesday. The Aussie's uptick was driven by the RBA's surprise policy decision. The RBA ...

Oil News: Will OPEC Production Surge Sink Crude Oil Futures This Week?

Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of ...

14h

Goldman sticks to forecast for lower oil prices after OPEC production jump

Goldman Sachs commodity analysts are sticking to their forecast for Brent to average $59 a barrel by the fourth quarter of this year and $56 in 2026, following a bigger-than-expected production rise ...

Money Talks News on MSN17h

Fill up for Less? OPEC’s Oil Shift Could Open a Summer Window

Learn why this moment matters for your gas spending and how smart planning can turn it into longer-term savings.

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