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Oil falls as OPEC output hike adds to oversupply concerns
NEW YORK/LONDON (Reuters) -Oil prices fell to their lowest in a week on Monday after OPEC agreed to another large output increase in September, adding to oversupply concerns after U.S. data showed lacklustre fuel demand in the top consuming nation.
OPEC members move to raise production by 547,000 per day, finalizing the reversal of a 2.2 million-barrel cut. Energy Aspects ...
Texas Standard: That promise for U.S. Energy dominance is running into a flood of OPEC crude oil. Apparently, on Sunday, the ...
Venezuela's oil exports declined about 10% in July from the previous month as key partners of state company PDVSA awaited U.S ...
Nigeria’s crude oil production surged past 1.8 million barrels per day (mbpd) in July, surpassing its Organisation of ...
OPEC is implementing a long-term strategy to regain market share and maintain high oil prices, leveraging geopolitical ...
Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, while a ...
OPEC has vowed to 2.2 million barrels of daily oil production, which should crash the oil market. It hasn’t happened.
The OPEC+ oil cartel is trying to take back control of the market with a strategy that might be self-destructive. It also ...
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