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OPEC+ is pumping more oil

McNally on OPEC+ Production Increase, Oil Price, Tariffs

Bob McNally, Rapidan Energy Group founder and president, discusses OPEC+'s recent decision to increase oil production for the month of August. He also talks about oil prices outlook, non-OPEC production,

Reuters · 2d

OPEC+ is pumping more oil, but is it needed and at what price?

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the extra crude, and will the group actually export the additional barrels they say they are going to produce?

The New York Times · 3d

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.

40m

Embattled Iran slams consequences of war on oil markets

War can lead to ‘complications on energy producers’ and hardships on national economies, Iran’s oil minister warned on ...

2don 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 ...

Khaleej Times23m

Market braces for sub-$60 oil as Opec+ lifts output

Over the weekend, the group announced a larger-than-expected hike of 548,000 bpd for August, the fourth consecutive monthly increase in output, and signaled another 550,000 bpd rise in September ...

OilPrice.com4h

UAE Says the Oil Market Is Thirsty for More OPEC+ Barrels

OPEC+ has surprised markets with a sharp output increase, citing strong demand and low inventories, and plans to fully unwind ...

2don 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.

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, ...

OilPrice.com2d

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 ...

Oil News: Will OPEC Production Surge Sink Crude Oil Futures This Week?

Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of ...

Machine Fastest on MSN1d

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 ...

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