Oil surged after OPEC+ increased production less than some had feared and geopolitical concerns flared over Ukraine and Iran. The…
Tag: OPEC
Oil rebounds after OPEC+ sticks to same output hike in July vs June
By Florence Tan SINGAPORE (Reuters) – Oil prices rebounded more than $1 a barrel in early Asian trade on Monday…
OPEC+ oil producers stick to their guns with another big hike for July
By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) -The world’s largest group of oil producers, OPEC+, stuck to…
Opec+ to boost oil output for third consecutive month
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Opec+…
asian shares: Oil slumps after OPEC+ plan, US stock futures drop
Oil slumped in early trading after OPEC+ agreed to a further surge in output over the weekend, bolstering global supplies.…
Oil posts biggest weekly loss in a month ahead of OPEC+ meeting
By Shariq Khan NEW YORK (Reuters) -Oil prices fell over 1% lower on Friday and recorded for their biggest weekly…
Lower oil demand, weaker economy: OPEC revises 2025 outlook on trade tensions
The Organization of the Petroleum Exporting Countries (OPEC) on April 14 trimmed its 2025 forecast for global oil demand growth,…
Analysis-Record OPEC+ fuel exports blunt group’s crude supply cut
By Ahmad Ghaddar LONDON (Reuters) – OPEC+ has exported a record amount of refined products, blunting the impact of the…