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Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...
The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...
Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.
The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...
OPEC+ jolted markets by announcing it would flood the market with more oil.
The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...
Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of ...
Oil markets rebounded despite OPEC+'s decision to increase production by more than expected in August, amid worries over U.S.
Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.
The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers ...