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OPEC+ is pumping more oil

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?

The New York Times · 1d

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.

The Wall Street Journal on MSN · 5h

Oil Prices Could Face More Pressure in 2H

Crude oil futures were lower and OCBC said prices were expected to face further downward pressure in 2H following OPEC+’s announcement to quicken supply hikes.

Oil steadies

Reuters on MSN · 1h

Oil steadies as tight market supports despite big OPEC+ hike

Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the potential impact of U.S. tariffs, with prices mostly reversing early losses as a tight physical market lent support.

The Wall Street Journal on MSN · 2h

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 appeared contained.

Barron's · 6h

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 the actual increase in output explain the muted reaction.

India’s June crude oil imports reinforce centrality of Russian, Middle Eastern barrels

India's crude oil sourcing strategy, dominated by Russian barrels and Middle Eastern flows, driven by refining economics and ...

7hon 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.

OilPrice.com7h

Saudi Arabia Raises Oil Prices

Saudi Aramco is raising crude prices globally next month despite OPEC+’s decision to significantly increase oil supply.

Crude oil futures decline as Trump threatens tariffs on BRICS-aligned countries

Crude oil futures traded lower on Monday morning due to factors such as US President Donald Trump’s decision to impose an ...

KUNM2h

The hidden cost of oil: Families fractured by a pipeline project

As the 900-mile East African Crude Oil Pipeline project takes shape in Uganda, there is the promise of economic benefit. But it's shaking up the lives of some 100,000 people.

5don MSN

Russia's Crude Oil Shipments Stick Close to a Two-Month Low

(Bloomberg) -- Russia’s crude shipments remained near the lowest in more than two months as declines in flows from smaller ...

Crude Oil Price Outlook – Crude Oil Slips in Holiday Trading

The oil markets continued to see a lot of back and forth, but in the shortened holiday session on Friday, we saw the market ...

4don MSN

U.S. Crude Oil Stockpiles Post Surprise Build as Exports Fall

U.S. crude oil inventories rose by 3.8 million barrels, as imports increased and exports fell sharply from the week before.

2hon MSN

Rupee Falls Sharply By 47 Paise To Close At 85.87 Against US Dollar; Global Crude Oil Prices Rise

Mumbai:The rupee fell sharply by 47 paise to close at 85.87 (provisional) against the US dollar on Monday amid rising global ...

Crude Oil Price Outlook – Crude Continues to Grind

The oil market continues to see a lot of noisy trading, but at the point it looks like we are going to do whatever we can to ...

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