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Nymex Overview: Oil Set for Fourth Daily Drop; OPEC+ Output Hike in Focus -- OPIS
Over the weekend, eight OPEC+ members agreed to raise the group's production by 547,000 b/d in September for a fifth-straight monthly increase in the oil cartel's output. That is on track to completely reverse OPEC's nearly two-year effort to unwind 2.2 million b/d production curbs following Covid demand destruction.
Geopolitical tensions, such as U.S. pressure on countries like India to stop buying Russian oil, could lead to further ...
Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand ...
A group of countries that are part of the oil cartel OPEC+ have agreed to boost oil production, which some believe could ...
OPEC members move to raise production by 547,000 per day, finalizing the reversal of a 2.2 million-barrel cut. Energy Aspects ...
Britain’s BP oil and gas giant announced this week its biggest oil and gas discovery in 25 years off the coast of Brazil.
OPEC+ members have agreed to a second consecutive production increase this year, effectively ending voluntary cuts on ...
The National Interest on MSN16h
OPEC+ Unwind Opens Door for Trump to Go After Russian and Iranian Oil ExportsPresident Trump may have a way to go after Russian and Iranian oil exports as a result of OPEC+'s recent decision.
Texas Standard: That promise for U.S. Energy dominance is running into a flood of OPEC crude oil. Apparently, on Sunday, the ...
Oil supply growth from non-OPEC producers is set to peak in early 2026, while demand remains robust, according to BP Plc Chief Executive Officer Murray Auchincloss.
U.S. light crude oil prices fell more than $1 a barrel in early trade in New York on a possible increase in production by ...
OPEC has vowed to 2.2 million barrels of daily oil production, which should crash the oil market. It hasn’t happened.
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