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OPEC, Oil

OPEC+ set to make another accelerated oil output hike on Saturday, sources say

Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources from the producer group told Reuters, as they seek to regain market share.

The Wall Street Journal on MSN · 1d

Oil Falls on OPEC+ Output Boost Expectations, U.S. Tariff Uncertainty

Oil prices fell as major OPEC+ producers were expected to soon announce another large output hike and amid uncertainty that tariffs could be reinstated on some U.S. trading partners if deals weren’t concluded.

CNBC on MSN · 7h

Traders eye expected OPEC+ output hike

OPEC+ members are set to review production for August, with expectations for a fourth consecutive accelerated output hike. OPEC+ members and top industry leaders will then descend on Vienna for the group's international seminar.

Oil Prices Dip Slightly Ahead of OPEC+ Summit

InvestorsHub on MSN · 6h

Oil Prices Dip Slightly Ahead of OPEC+ Summit as U.S. Expands Sanctions on Iran

Oil prices edged down during Friday’s trading session in Asia, with investors closely watching for clues from the forthcoming OPEC+ meeting. Meanwhile, new sanctions imposed by the U.S. on Iran helped prevent a sharper drop in crude prices.

Reuters on MSN · 2d

Oil Prices Little Changed as Investors Look Ahead to OPEC+ Meeting

Price have been kept in check by expectations that the Organization of the Petroleum Exporting Countries and its allies including Russia, know as OPEC+, will boost its August crude oil output by an amount similar to the outsized hikes agreed in May, June, and July.

Wall Street Journal · 15h

Oil Falls Ahead of OPEC+ Meeting

Oil prices extended losses with both benchmarks down, as fundamentals point to excess supply in the month ahead.

OilPrice.com33m

OPEC Nudges Output Higher - But Markets Are Awaiting the Real Barrels

OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether ...

Bloomberg on MSN10h

Vakhshouri: OPEC a Stabilizing Factor in Oil Market

Oil was trading slightly lower ahead of an OPEC+ meeting on July 6 that is set to deliver another oversized production hike.

Ship & Bunker16h

Oil Dips On OPEC Concerns, As China Data Is Also Reassessed

Oil prices dipped on Thursday as analysts weighed the implications of the U.S. tariffs set to be imposed only July 9, as well as the likelihood of the Organization of the Petroleum Exporting Countries ...

OilPrice.com2h

OPEC Set to Move Up Meeting to July 5 and Hike Output Again

OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain ...

Nairametrics2d

OPEC warns of 23 million bpd oil shortfall globally by 2030 without $17.4 trillion investment

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) ...

3don MSN

Oil Edges Down on Expectations of More OPEC+ Supply, Tariff Fears

If approved, this would bring OPEC+'s total supply increase for the year to 1.78 million bpd, equivalent to more than 1.5% of ...

Iraqi News3d

Iraq emerges as OPEC’s largest oil supplier to US in May

The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.

Channels Television2d

OPEC Warns Of 23mb/d Oil Supply Shortfall Without $17.4tn Investments By 2050

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the ...

23h

‘Electricity is the new oil’: Expert anticipates oil prices to stay below US$70

Amid ongoing tensions in the Middle East between Israel and Iran, a commodities expert says he expects oil prices to remain ...

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