News

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.
Oil falls as OPEC+ hikes August output more than expected
Oil prices slipped on Monday after OPEC+ surprised markets by hiking output more than expected in August, while uncertainty ...
Oil Slips on Larger OPEC+ Output Hike
OPEC and its allies agreed to a larger-than-expected production hike for the fourth straight month, fueling concerns about a ...
The New Voice of Ukraine on MSN42m
OPEC+ unexpectedly boosts output, driving down oil prices
Futures for Brent crude dropped 47 cents, or 0.69%, to $67.83 per barrel, while West Texas Intermediate (WTI) fell 95 cents, ...
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 ...
Why Oil Drillers Are Investing Big in South America
Brazil, Guyana and Argentina drive a fast-growing share of global oil output.
Oil Prices Are Holding Steady. Why the OPEC+ Output Hike Isn’t a Problem.
The price of oil was stable on Monday despite a larger-than-expected increase in production by the Organization of the Petroleum Exporting Countries and its allies. Seasonal demand and doubts about ...
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, ...
Trade deadlines and oil drama set the stage for a crunch week in global markets
Another assignment that is much more definitive: the OPEC Seminar. The circus rolls back into Vienna as the oil producers' ...
The Business Times11h
Opec’s new supply shock nails on oil market’s return to surplus
NEW YORK] The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners ...
Ticker: OPEC+ to boost oil production; China bans EU medical devices
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...
Oil Gives Back Some Gains With OPEC+ in View
After yesterday’s rally on renewed Middle East geopolitical risk premium, the market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August.