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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+ 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 ...
OilPrice.com1h
Saudi Arabia Raises Oil Prices
Saudi Aramco is raising crude prices globally next month despite OPEC+’s decision to significantly increase oil supply.
After Gasoline, China’s Oil Refiners Face a Jet Fuel Glut
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already ...
Stocks slip in Asia on US tariff confusion, oil skids
Stock markets slipped in Asia on Monday amid confusion as U.S. officials flagged a delay on tariffs but failed to provide ...
Oil Market Heading For Surplus In 2025 On Latest OPEC+ Output Hike
Another tussle for oil market share at low prices beckons, after OPEC+ producers announced a higher than expected crude ...
OilPrice.com8h
Oil Prices Expected to Stay Under $70
Analysts and investment banks predict oil prices will remain below $70 per barrel for the rest of 2025 due to market ...
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 ...
Collapsed owner of Lindsey oil refinery owes up to £250mn in taxes
The oil company Prax Group, which collapsed into insolvency last weekend, owes the UK government as much as £250mn in unpaid ...