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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 ...
A group of countries that are part of the oil cartel OPEC+ have agreed to boost oil production, which some believe could ...
OPEC+ members have agreed to a second consecutive production increase this year, effectively ending voluntary cuts on ...
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 ...
Opec’s most recent production hike could just be the start of a run of good news for tankers. In addition to the bloc’s ...
OPEC is implementing a long-term strategy to regain market share and maintain high oil prices, leveraging geopolitical ...
U.S. light crude oil prices fell more than $1 a barrel in early trade in New York on a possible increase in production by ...
OPEC has vowed to 2.2 million barrels of daily oil production, which should crash the oil market. It hasn’t happened.
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