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OPEC+ to boost crude oil production in August

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in August.

OPEC+ is pumping more oil, but is it needed and at what price?

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the extra crude, and will the group actually export the additional barrels they say they are going to produce?

Analysis: OPEC+ production hikes could drive oil towards $60/barrel

Oil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts.

OPEC forecast fuels optimism for Azerbaijan’s oil-driven growth

The Energy Information Administration (EIA) of the U.S. Department of Energy recently released its forecast for OPEC’s daily ...

1d

Saudi plays short and long game with OPEC+ production gamble

Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...

3d

Oil News: Will OPEC Production Surge Sink Crude Oil Futures This Week?

Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of ...

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