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Oil rises as strong demand offsets big OPEC+ output hike

Oil rose 1% on Monday as signs of strong demand outweighed the impact of OPEC+ hiking output more than expected for August, as well as concern about the potential impact of U.S. tariffs.

OilPrice.com · 23h

OPEC+ to Complete Unwinding of Oil Output Cuts With Big September Hike

OPEC+ is accelerating its oil production increases, aiming to fully unwind its 2023 supply cuts by September, risking an oversupplied market and pressuring U.S. shale producers.

The Wall Street Journal on MSN · 18h

Oil Futures Shrug Off Bigger OPEC+ Output Increase

Oil futures shook off the initial negative reaction to OPEC+ further accelerating the return of production to settle higher.

OPEC+ to Boost Oil Supply

The New York Times · 2d

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 expected and could lead to lower oil prices.

Associated Press News on MSN · 2d

OPEC+ to boost oil production by 548,000 barrels per day in August

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices.

UPI on MSN · 2d

OPEC+ to boost crude oil production in August

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in August.

23hon MSN

Exxon, Chevron, Shell, BP Stocks Fall. OPEC Oil Plans, Gas Trading Fears Are Biting.

The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...

Machine Fastest on MSN4h

OPEC Strikes Back: How Their Bold Move Could Break the U.S. Oil Industry

In a shocking move that’s rattling global oil markets, OPEC has delivered a powerful blow to the U.S. energy ...

1don 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.

17h

Oil prices expected to drop below $60 on increasing OPEC+ supply

Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the ...

2don 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' ...

Crude oil price today: WTI price bearish at European opening

AUD/USD consolidates latest gains below 0.6550 as RBA Governor Bullock's press conference gets underway early Tuesday. The Aussie's uptick was driven by the RBA's surprise policy decision. The RBA ...

OilPrice.com19hOpinion

OPEC Production Increase Misguides Markets

Doomsday scenarios about peaking demand or an Asian market implosion are driving current bearish oil views. While OPEC has ...

Money Talks News on MSN19h

Fill up for Less? OPEC’s Oil Shift Could Open a Summer Window

Learn why this moment matters for your gas spending and how smart planning can turn it into longer-term savings.

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