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OPEC, oil and Output Hike

Exclusive: OPEC+ set to complete big oil output cut unwinding in Sept, sources say

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab Emirates' move to a larger quota,

Forbes · 18h

Oil Market Heading For Surplus In 2025 On Latest OPEC+ Output Hike

Another tussle for oil market share at low prices beckons, after OPEC+ producers announced a higher than expected crude production hike that may cause a supply glut.

Free Malaysia Today on MSN · 11h

Oil tumbles as Opec+ hikes August output more than expected

Opec+ cited a steady global economic outlook and healthy market fundamentals, including low oil inventories, as reasons for releasing more oil. The decision will bring nearly 80%

7hon 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.

11h

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 ...

49mon MSN

OPEC+ Agrees on Larger-Than-Expected Supply Hike Again

The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than ...

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 ...

The Business Times14h

Opec’s new supply shock nails on oil market’s return to surplus

NEW YORK] The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners ...

Oil Drops as Larger OPEC Supply Increase Raises Glut Concerns

Oil declined after OPEC agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.

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 ...

TradeWinds1h

Fresh Opec production hike buoys tanker rate outlook

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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 ...