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Category opec

OPEC+ increases production and dumps 1.65 million barrels back early

OPEC+ increases production and dumps 1.65 million barrels back early

Saudi Arabia is slashing crude prices again, this time across all grades headed to Asia, and it’s happening quite fast. Saudi Aramco, the kingdom’s...
OPEC+ agrees to raise output next month as focus shifts to market share

OPEC+ agrees to raise output next month as focus shifts to market share

OPEC is going for volume again. Delegates from the alliance confirmed they’ve agreed in principle to increase production next month. The plan is to...
Oil prices fell over 2% on Wednesday after news broke that OPEC+ may raise production again in October

Oil prices fell over 2% on Wednesday after news broke that OPEC+ may raise production again in October

Oil took a hit on Wednesday after word broke that OPEC+ is weighing another production boost for October. Brent dropped by $1.54, closing at $67.60...
Oil traders believe OPEC+ will hold production levels unchanged at this weekend’s meeting

Oil traders believe OPEC+ will hold production levels unchanged at this weekend’s meeting

Oil traders expect OPEC+ to leave crude output unchanged at a meeting this weekend, pausing after months of faster supply additions. Delegates from...
Oil extends gains into second day as Asian markets post mixed results

Oil extends gains into second day as Asian markets post mixed results

Asian markets remained mixed and European stocks slipped on Thursday, with investors bracing for fresh guidance on interest rates in the US. Howeve...