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The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers ...
Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...
OPEC+ jolted markets by announcing it would flood the market with more oil.
Crude oil prices declined after OPEC agreed to raise production by 548,000 barrels per day in August. Oil prices also came ...
Oil prices rebound as tight supply offsets OPEC+ output hike. Traders eye $67.58 for crude futures breakout amid bullish oil ...
Oil on Monday put aside the impact of a higher-than-expected output hike of OPEC+ for August as well as concern about the ...
Oil prices dropped slightly on Monday after the OPEC+ group surprised markets by hiking output more than expected in August, ...
However, the reality may not be quite as rosy as OPEC paints, with tepid demand growth in major consumers such as China, the world's top oil importer. China's crude imports barely rose in the first ...
LONDON: Oil pared losses on Monday as a tight physical oil market offset the impact of OPEC+ hiking oil output more than ...
OPEC+ attributed the production hike to steady global economic conditions and strong market fundamentals, pointing to low ...
Brent crude futures fell 80 cents, or 1.2 per cent, to $67.50 a barrel by 0010 GMT, while US West Texas Intermediate crude ...
Oil markets rebounded despite OPEC+'s decision to increase production by more than expected in August, amid worries over U.S.