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OPEC+ speeds up oil output hikes, adds 548,000 bpd

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 over U.S. tariffs and their potential impact on global economic growth weighed on demand expectations.

The Wall Street Journal · 1h

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 global supply glut at a time when the demand outlook looks uncertain.

Mint on MSN · 3h

Crude oil prices fall after OPEC hikes August output more than expected; MCX crude drops nearly 2%

Crude oil prices declined after OPEC agreed to raise production by 548,000 barrels per day in August. Oil prices also came under pressure as US officials flagged a delay on tariffs but failed to provide details on the change.

2hon 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.

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 ...

The Business Times10h

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 ...

1don 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' ...

3don MSN

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.

‘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 ...

InvestorsHub on MSN3d

Oil Prices Ease as U.S. Inventory Gains Raise Demand Concerns Ahead of OPEC+ Meeting

Oil prices pulled back during Asian trading on Thursday, giving up some of the strong gains recorded in the previous session ...

4don MSN

Oil retreats as US tariff uncertainty looms, OPEC+ set to raise output

Oil prices fell on Thursday after gaining 3% in the previous session as investors are wary higher U.S. tariffs may be reinstated, which could cause lower fuel demand, and as major producers are ...

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