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The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...
OPEC+ is set to accelerate oil production increases in August, exceeding previous plans with a 548,000 barrel-per-day boost.
Eight OPEC producers agreed to lift crude output by 548,000 barrels per day in August, exceeding the anticipated 411,000 ...
Oil futures slipped slightly in thin holiday trading on Friday evening, as the market looked ahead to this weekend's OPEC+ ...
OPEC has agreed in principle to further accelerate its supply increases next month, delegates said, as the group led by Saudi Arabia seeks to reclaim market share.
Oil posts worst week since March 2023, down 12% on Israel-Iran ceasefire. OPEC+ production hike adds pressure but Friday ...
Sparse oil trading on Friday due to the U.S. Independence Day holiday resulted in Brent losing 50 cents at $68.30 per barrel by1700 GMT, and West Texas Intermediate also dipping by 50 cents to $66.50 ...
The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.
Crude oil holds above the 200-day MA as traders await OPEC’s decision and summer demand signals. Inventory draws and China’s ...
Crude oil futures traded lower on Tuesday morning as markets anticipated that OPEC+ (Organisation of the Petroleum Exporting ...
Iraq emerged as the largest OPEC crude oil supplier to the United States in May, driven by strong export volumes and sustained U.S. demand.