OPEC+ to Maintain Group Quotas Ahead of July Output Decision

OPEC+ alliance holds oil quotas ahead of July output review

Market focus has shifted toward potential supply hikes from eight OPEC+ members that have been carrying out separate voluntary production cuts.

OPEC+ to Maintain Group Quotas Ahead of July Output Decision

OPEC+ gathered online May 28 to ratify their current groupwide production quotas, ahead of a decision by eight key members at the weekend whether to bolster output again in July.

Supply constricts ANS - June 01, 2025

Alaska North Slope crude reestablished itself in the upper quadrant of the $60s May 28, rising 75 cents to close at $67.88 per barrel. West Texas Intermediate rose 95 cents on the day to close at $61.84 and Brent rose 81 cents to close at $64.90. From Wednesday to Wednesday, ANS gained just 21 cent...

Malcy’s Blog – Oil price, Zephyr Energy, Touchstone Exploration & Rockhopper Exploration

WTI (July) $61.84 +95c, Brent (July) $64.90 +81c, Diff -$3.06 -14c. USNG (July)* $3.56 +2c, UKNG (June) 87.6p -0.9p, TTF (July)* €36.815 +€0.115 Author @mgrahamwood *Denotes expiry of June contracts.Read More...

WTI rises above $ 62.00 while OPEC+ keeps oil quotas - World Stock Market

The WTI rises to around $ 62.15 in the early Asian session on Thursday, adding 0.88% in the day. OPEC+ kept its production policy without changes; Attention will focus on the production decision of the July OPEC+. Oil reserves fell at 4,236 million barrels in the week that ended on May 23, according to the API. The West Texas Intermediate (WTI), the referent of the US crude oil, trades around $ 62.15 during Thursday’s Asian negotiation hours. Th…

Oil Gains on Supply Concerns, Investors Await July OPEC+ Output Decision - Energy News, Top Headlines, Commentaries, Features & Events

By Nicole Jao OPEC+ keeps output policy unchanged Eight OPEC+ members expected to agree to output boost Saturday Goldman Sachs sees OPEC+ keeping output steady after July hike Chevron’s Venezuelan oil curbs, Canadian wildfires limit price downside NEW YORK, May 28 (Reuters) – Oil prices gained more than 1% on Wednesday on supply concerns as ...