US EditionOPEC+ to Consider Further Oil Output Hike on Sunday, Reuters Sources Say
Oil prices rose 2%, driven by supply disruptions and sanctions on crude sales to India, as analysts expect OPEC+ to maintain production cuts at the September 7 meeting.
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6 Articles
Oil Prices Up 2% Ahead of OPEC+ Meeting
Major global energy news highlights include US sanctions against an Iraqi oil tycoon, the approval of the Power of Siberia-2 gas pipeline by Russia and China, and the shutdown of Sudan's oil production sites due to drone strikes.
OPEC+ will consider further increases in oil production at its meeting on Sunday, two sources familiar with the discussions said, cited by Reuters. The group is trying to regain market share, but increasing supply will push prices down. Russia, which already has to sell oil cheaply due to sanctions, would now receive even less money. Polish drivers will rejoice, and the Polish economy, including the Polish złoty, will benefit.
Oil rises 1% ahead of OPEC+ meeting – Oil & Gas 360
(Investing.com)– Oil prices rose on Tuesday ahead of an upcoming OPEC+ meeting on Sunday, in which analysts expect the group will not unwind remaining voluntary cuts. Brent crude was up 72 cents, or 1.06%, at $68.87 a barrel by 11:07 a.m. EDT (1507 GMT). U.S. West Texas Intermediate crude was at $65.34 a barrel, $1.33 or 2.08% higher. WTI futures did not settle on Monday due to the U.S. Labor Day holiday. Investors will monitor a meeting of eight
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