OPEC, Oil

Oil Stocks Fall Hard After OPEC Move to Boost Production
The decision is a serious negative for the oil market, given that oil demand is rising too slowly to sop up all of the extra supply.
Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production
Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans to gradually increase crude production beginning in April.
OPEC+ will start long-delayed oil production hike
A group of oil-producing countries known as OPEC+ will proceed with a long-delayed hike in oil production. Eight countries that have repeatedly delayed production increases will now move forward
Oil falls on OPEC+ output hike, Trump tariff threat
Oil prices continued to fall after reports that OPEC+ will continue its planned production hike, while markets braced for the impact of US tariffs on Canada,
Oil News: Crude Slips as OPEC’s Production Hike and U.S. Tariffs Weigh on Demand
Oil slumps as OPEC+ boosts production and U.S. tariffs hit demand. Traders eye support levels as supply fears and trade war tensions weigh on crude oil outlook.
Oil prices near three-month low as Opec+ prepares to raise output from April after prolonged cuts
Opec+ nations have reaffirmed their December decision to proceed with a gradual and flexible return of the 2.2 million bpd voluntary output adjustments starting April 2025, while remaining adaptable t
OPEC+ to Proceed With Planned April Oil Output Hike, Sources Say
OPEC+, which includes OPEC members plus Russia and other allies, has been cutting output by 5.85 million barrels per day (bpd), equal to about 5.7% of global supply, agreed in a series of steps since 2022 to support the market.
Oil slides to three-month low as OPEC brings production cuts back online starting April 1
Crude oil futures fell to their lowest this year after a surprise decision by OPEC+ to restart some halted production, a move that threatens to deepen a projected global surplus of crude.
Oil Prices Drop Again Today. Tariffs Aren’t the Only Reason for the Fall.
President Donald Trump confirmed Monday that 25% tariffs on Canada and Mexico are “all set” to take effect Tuesday. He also ...
TradeWinds1h
Unexpected Opec production hikes expected to boost tanker fortunes
The bloc and its allies, collectively known as Opec+, are set to begin unwinding 2.2m barrels per day worth of production ...
TheCable1h
Global crude oil price declines to $70 per barrel — lowest since October 2024
Brent crude declined by 1.20 percent to $70.76 a barrel while US West Texas Intermediate (WTI) crude declined by 0.86 percent ...
Oil Demand Concerns Weigh on Outlook
Growing concerns over demand are weighing on the oil market's outlook amid OPEC+ supply dynamics and U.S. tariffs, ING ...
Aramco CEO Sees Strong Oil Demand Amid OPEC+ Output Revival
Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand ...
Crude Oil Prices4d
OPEC’s Relevance Isn’t Fading—Yet
OPEC+ output cuts have been in place for a long period of time, but continued demand growth makes OPEC+ relevant for years to ...
Hosted on MSN20h
Libya to hold first oil exploration bidding round in 17 years
After a pause of almost 17 years, Libya is preparing to host a bidding round for oil exploration. The announcement was made ...
Zawya1d
OPEC+ losing grip on oil markets despite surplus
Global indications suggest that OPEC is no longer able to effectively manage its six million barrels of surplus oil stocks.