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Oil set for weekly drop as OPEC+ weighs another big supply hike
Brent fell toward $64 a barrel, declining for a fourth session and bringing its weekly loss to about 2%. West Texas ...
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The Commodities Feed: Noise around OPEC+ production increases
OPEC+ output policy. The oil market is under renewed pressure as noise builds around what OPEC+ will do with their July output levels. There are reports suggesting the ...
Nymex Overview: Futures Fall on Fears of Another OPEC Production Boost -- OPIS
The pressure on markets comes as Bloomberg News on Thursday reported that members of the OPEC+ group are considering another output hike in July. The group has already agreed to raise production by ...
Saudi poised to increase summer crude burn for power as fuel oil becomes costly
Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up output after OPEC+ ...
Reuters: Saudi Arabia and Russia has taken up US shale production
The decline in oil prices due to the increase in production by OPEC+ countries is aimed not only at punishing allies who ...
OPEC+ Discusses Making Another Large Output Hike in July, Bloomberg News Reports
Reuters has previously reported that OPEC+ will accelerate oil hikes and could bring back as much as 2.2 million bpd to the market by November, including via an accelerated increase in July. Copyright ...
Oil prices fall on potential further increase in OPEC+ output
Oil prices slipped on Thursday as investors weighed a report that OPEC+ is discussing a production increase for July, stoking ...