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OPEC Plus Agrees to Pump 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 · 2d

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?

Associated Press News on MSN · 3d

OPEC+ to boost oil production by 548,000 barrels per day in August

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices.

2don 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 ...

49m

OPEC looking to regain market share with oil production increases, expert says

The Organization of Petroleum Exporting Countries (OPEC) continues to boost oil production, with more than 500,000 additional ...

59m

WTI Crude Oil rises as Red Sea attacks overshadow EIA inventory build

WTI Crude Oil is trading higher on Wednesday as attacks in the Red Sea overshadow reports of rising supply.

Bloomberg on MSN5h

ESAI Energy's Sarah Emerson on OPEC, Oil Prices, Supply

Sarah Emerson, President of ESAI Energy, talks about OPEC+ latest production hike, summer demand and supply. She speaks to ...

4hon MSN

Embattled Iran slams consequences of war on oil markets

War can lead to ‘complications on energy producers’ and hardships on national economies, Iran’s oil minister warned on ...

2don 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, ...

3don MSN

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' ...

CNN2y

Biden has a big oil problem. Here’s what you need to know about the recent OPEC+ decision. - CNN

With just weeks to go until the November midterms, four letters are haunting President Joe Biden and the Democrats: OPEC. Last week, the Organization of Petroleum Exporting Countries (OPEC) and ...

Exclusive: OPEC+ set to complete big oil output cut unwinding in Sept, sources say

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of ...

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