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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.
OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether ...
OPEC and its partners have pivoted from years of output restraint to reopening the taps, surprising crude traders and raising questions about the group’s long-term strategy.
CALGARY] Oil futures slipped slightly in thin holiday trading on Friday (Jul 4), as the market looked ahead to this weekend’s ...
OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain ...
Bloomberg on MSN22h
Vakhshouri: OPEC a Stabilizing Factor in Oil MarketOil was trading slightly lower ahead of an OPEC+ meeting on July 6 that is set to deliver another oversized production hike.
Oil prices fell on Thursday after gaining 3% in the previous session as investors are wary higher U.S. tariffs may be reinstated, which could cause lower fuel demand, and as major producers are ...
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.
If approved, this would bring OPEC+'s total supply increase for the year to 1.78 million bpd, equivalent to more than 1.5% of ...
Oil markets are now refocused on OPEC production as the geopolitical concerns dim somewhat following the Iran-Israel ...
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