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Why oil prices are 'surprisingly stable' despite OPEC+ August output hike and coming end to tariff reprieve
Crude prices remained "surprisingly stable" on Monday, even after the group of major oil producers known as OPEC+ announced over the weekend a higher-than-expected [production increase of 548,000](
The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...
Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...
Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.
Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of ...
Oil markets rebounded despite OPEC+'s decision to increase production by more than expected in August, amid worries over U.S.
11hon MSN
OPEC+ jolted markets by announcing it would flood the market with more oil.
The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...
The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...
The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers ...
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