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OPEC, Saudi Arabia and Russia

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.

The New Indian Express on MSN · 3d

Saudi, Russia among eight OPEC+ members seeking oil output hike at meeting

LONDON: Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with analysts expecting the latest in a series of output hikes for August. The wider OPEC+ group -- comprising the 12-nation Organization of the Petroleum Exporting Countries (OPEC) and its allies -- began output cuts in 2022 in

Agence France-Presse on MSN · 3d

Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further increase oil output in August.

They decided to hike production to 548,000 barrels per day, a statement following a meeting in Vienna said. Analysts had expected the alliance to decide on another output increase of 411,000 barrels per day (bpd) -- the same target approved for May,

1don 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.

2d

OPEC’s New Supply Shock Locks In Oil Market’s Return to Surplus

The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers ...

3d

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 ...

Ukrainian News1d

Oil reacts sharply to OPEC's unexpected decision on production

Oil prices fell after OPEC+ countries unexpectedly announced a more significant increase in oil production in August than ...

BW Businessworld1d

Opec Plus Poised to Fully Unwind Voluntary Cuts by September: Goldman Sachs

Global investment bank Goldman Sachs expects eight key members of Opec plus to raise oil production quotas by 550,000 barrels ...

Middle East Eye7d

Saudi Arabia's oil exports soar as kingdom tries to claw back market share

Saudi Arabia’s oil exports soared in June as the kingdom tries to claw back market share from other members of the energy ...

The Business Times2d

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 ...

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