Opec+ Agrees Bigger-than-Expected Monthly Oil Output Increase

OPEC+ Output Hike: Oil Prices Slip Amid Concerns of Oversupply

OPEC+ Output Hike: Oil Prices Slip Amid Concerns of Oversupply Oil prices fell by 1% at the beginning of the week, following an OPEC+ decision to accelerate output hikes, raising fears of oversupply. Brent crude dropped 67 cents to settle at $67.63 a barrel, while U.S. West Texas Intermediate was down $1.20, closing at $65.80.This decline comes after OPEC+, which includes members of the Organization of the Petroleum Exporting Countries and their…

Saudis Hike Oil Prices More Than Expected in Confidence Sign

(Bloomberg) — Saudi Arabia raised prices for its main crude grade for buyers in Asia next month by more than its customers had been expecting, a sign Riyadh is confident the market is strong enough to withstand extra supplies that OPEC+ is adding.

Saudis Raise Main Oil Prices for Asia While OPEC+ Boosts Output

Saudi Arabia raised prices for its main crude grade for buyers in Asia next month by more than its customers had been expecting, a sign Riyadh is confident the market is strong enough to withstand extra supplies that OPEC+ is adding.

OPEC+ will boost supply even faster with larger August hike

OPEC+ will increase oil production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalise on strong summer demand in its move to reclaim market share.

OPEC+ will increase oil output production more than expected: +548,000 (+411,000 expected)

OPEC+ will raise oil production by 548,000 barrels per day in August

Opec+ agrees bigger-than-expected monthly oil output increase

Group led by Saudi Arabia and Russia to raise crude production by 548,000 barrels per day in August