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OPEC+ is pumping more oil

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?

Yahoo Finance on MSN · 1d

Oil prices expected to drop below $60 on increasing OPEC+ supply

Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) boost output. OPEC+ has been unwinding output cuts this year as it seeks to recover global market share.

The Wall Street Journal on MSN · 1d

Oil Prices Set to Be Less Affected by Geopolitical Tensions

Oil prices were likely to be less affected by geopolitical tensions going forward, HSBC said, adding that it expected any future flare-ups in the Middle East region to have diminishing impacts on oil prices.

OPEC, output

OPEC+ output hikes not causing inventory builds, signaling firm demand

Ministers and executives from OPEC nations, along with bosses of Western oil majors, stated on Wednesday that increased output from the cartel is not resulting in higher inventories.

Reuters on MSN · 2d

Oil tumbles as OPEC+ hikes August output more than expected

Oil prices slipped more than 1% on Monday after OPEC+ surprised markets by hiking output more than expected in August, raising concerns about oversupply. Brent crude futures fell 80 cents, or 1.2%, to $67.

OilPrice.com · 19h

Can the Oil Market Absorb OPEC+ Output Hikes?

Growing supply from the OPEC+ group, although not as high as the monthly headline figures suggest, is set to create an oversupply on the market going into autumn, even if summer demand holds strong

2d

Exclusive: OPEC+ set to complete big oil output cut unwinding in Sept, sources say

OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of ...

Markets thirsty for oil despite boosts in Opec+ output: UAE

Markets are thirsty for oil because they are absorbing Opec+ production increases without building inventories, United Arab ...

5hon MSN

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.

Khaleej Times on MSN5h

Market braces for sub-$60 oil as Opec+ lifts output

Over the weekend, the group announced a larger-than-expected hike of 548,000 bpd for August, the fourth consecutive monthly ...

1don MSN

Oil prices hold near 2-week high as traders assess US tariffs, OPEC+ output boost

Oil prices held near a two-week high on Tuesday as investors assessed the latest developments on U.S. tariffs and a higher ...

2d

Russia’s Crude Production Stayed Below OPEC+ Target in June

Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.

2don MSN

Oil prices fall as OPEC+ ramps up production; U.S. stock futures decline as tariffs to go into effect Aug. 1

U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners ...

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 ...

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