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OPEC, 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, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction.

Ship & Bunker · 7h

More Losses For Oil As OPEC Meeting And Output Hikes Loom

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 per barrel.

The Wall Street Journal on MSN · 1d

Oil Falls on OPEC+ Output Boost Expectations, U.S. Tariff Uncertainty

Oil prices fell as major OPEC+ producers were expected to soon announce another large output hike and amid uncertainty that tariffs could be reinstated on some U.S. trading partners if deals weren’t concluded.

Agence France-Presse on MSN4h

Eight OPEC+ alliance members move toward output hike at meeting

Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with analysts ...

OilPrice.com18h

OPEC Set to Move Up Meeting to July 5 and Hike Output Again

OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain ...

Bloomberg on MSN1d

Vakhshouri: OPEC a Stabilizing Factor in Oil Market

Oil was trading slightly lower ahead of an OPEC+ meeting on July 6 that is set to deliver another oversized production hike.

ZAWYA22h

Milestone 60th edition of OPEC's annual statistical bulletin launched

VIENNA -- The Organization of the Petroleum Exporting Countries (OPEC) launched the 2025 edition of its Annual Statistical ...

OilPrice.com15h

OPEC Nudges Output Higher - But Markets Are Awaiting the Real Barrels

OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether ...

Iraqi News3d

Iraq emerges as OPEC’s largest oil supplier to US in May

The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.

Nairametrics3d

OPEC warns of 23 million bpd oil shortfall globally by 2030 without $17.4 trillion investment

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) ...

Business Day2d

$17.4trn global upstream investment required in five yrs to avoid market deficit – OPEC

The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million ...

Commodities: OPEC+ Seen Agreeing To Another Large Supply Increase

Oil prices are under pressure as expectations grow that OPEC+ will announce a large supply increase for August. Given its ...

Channels Television2d

OPEC Warns Of 23mb/d Oil Supply Shortfall Without $17.4tn Investments By 2050

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the ...

The Business Times8h

Opec+ considers adding more than 411,000 barrels on Saturday

PARIS] Opec+ is considering accelerating its oil production revival even more rapidly than expected during a virtual meeting ...

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