OPEC

OPEC

Lackluster OPEC quota hike won’t solve tight oil market | OilPrice.com

Yesterday, OPEC and its Russian-led partners agreed to increase their combined oil production by 100,000 bpd in September. Reports note that the decision follows calls from the United States and other big consumers for more oil. However, an additional 100,000 barrels per day is unlikely to be enough to drive prices down much further. The …

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Oil drops to near 6-month lows after surprise U.S. crude oil and gasoline builds

Oil drops to near 6-month lows after surprise U.S. crude oil and gasoline builds

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Join now for FREE unlimited access to Reuters.com Register U.S. crude and gasoline inventories rise unexpectedly – EIA OPEC+ decides on a small increase of 100,000 bpd in production …

Oil drops to near 6-month lows after surprise U.S. crude oil and gasoline builds Read More »

OPEC+ agrees to small production increase in Biden setback

OPEC+ agrees to small production increase in Biden setback

OPEC to raise production target by 100,000 bpd from September OPEC faces production challenges to meet existing targets US seeks OPEC production boost to counter Russia Biden trip, US arms sales did not convince DUBAI/LONDON, Aug 3 (Reuters) – OPEC+ is set to raise its oil production target by 100,000 barrels a day, an amount …

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Oil Prices OPEC

The downside risk of tomorrow’s OPEC+ meeting | OilPrice.com

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The downside risk of tomorrow’s OPEC+ meeting | OilPrice.com Read More »