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Oil prices set to drop more as OPEC+ agrees to another sharp production hike
The largest group of oil-producing nations agreed over the weekend to sharply increase crude production for the third month in a row, a move intended to reassert control over the market by driving oil prices lower.
Oil News: Bearish Oil Outlook Deepens as Demand Weakens, OPEC+ Decision Looms
Oil demand concerns and a stronger dollar weigh on crude futures as traders await the June 2 OPEC+ decision. WTI closes lower for a second straight week.
OPEC+ set to discuss July oil output hike, may be larger than 411,000 bpd, sources say
OPEC+ meets on Saturday to discuss an increase in oil output for July that may be larger than the 411,000 barrels per day (bpd) increases it made for May and June, sources familiar with OPEC+ talks told Reuters.
A pivotal OPEC+ decision this weekend could tank crude-oil prices by 10%
A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since 2021, with demand tough to gauge against a trade-war backdrop and some countries failing to comply with output quotas.
Sliding Oil Prices Have Reopened the Door to Russian Crude
A cadre of Greek shipping magnates has stepped back into the fold as the go-to distributors of Moscow's crude to the world.
Oil prices set for weekly drop with tariff legal battles, OPEC+ in focus
Oil prices were on track to end the week down more than 1% on Friday amid whipsawing tariff rulings in the U.S. and as the market braced for a potential OPEC+ output hike.
Oil Prices Mixed; Larger-Than-Expected Decline in U.S. Crude Inventories May Weigh
Oil prices were mixed in the early Asian session, but may be weighed by a larger-than-expected decline in U.S. crude inventories.
OPEC+ holds steady, but oil watchers should stay nimble
The oil market got a dose of predictability this week
OPEC+ members could hike July oil production by 411,000 barrels per day: Sources
Eight OPEC+ members have been rapidly unwinding a set of voluntary production cuts in recent months. These output trims were implemented separately from the broader OPEC+ group's production policy.
Oil News: Bullish Oil Outlook Builds on Supply Risks and Trump Tariff Reversal
Crude oil prices rally as OPEC+ weighs supply hikes and U.S. tariffs ease—bullish oil outlook supported by tightening inventories and geopolitical risks.
Natural Gas and Oil Forecast: Geopolitical Tensions and OPEC+ Hold Fuel Oil Price Rally
Natural gas and oil prices surge as OPEC+ supply cuts and geopolitical tensions stoke market volatility and fuel a bullish price outlook.
Oil Rises Amid Positive Market Sentiment
Oil rises amid positive market sentiment after a federal trade court struck down President Trump's tariffs.
