News

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.
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 ...
The Silicon Review52m
OPEC+ August Oil Production Hike Shocks Global Markets
OPEC+ boosts summer oil production by 548,000 bpd in August, surprising markets, pushing prices lower, and stirring global ...
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 ...
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 ...
CNA55m
Oil shrugs off OPEC+'s bigger hike as tight market provides support
Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the ...
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 ...
OPEC oil output rises in June on Saudi and UAE hikes, Reuters survey finds
OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...
Goldman sticks to forecast for lower oil prices after OPEC production jump
Goldman Sachs commodity analysts are sticking to their forecast for Brent to average $59 a barrel by the fourth quarter of this year and $56 in 2026, following a bigger-than-expected production rise ...
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' ...
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 ...