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OPEC+ further accelerates oil output hike by 548,000 bpd

Oil Edges Up as Saudis Bet Market Can Absorb OPEC+ Output Hike

Oil crept higher as Saudi Arabia surprised customers in Asia by hiking prices for its main crude grade, signaling a vote of confidence that the market can absorb extra OPEC barrels.

Reuters · 3d

OPEC oil output rises in June on Saudi and UAE hikes, Reuters survey finds

OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction.

Seeking Alpha on MSN · 2d

OPEC+ agrees to a larger-than-expected hike in oil output for August

The OPEC+ group of oil-producing nations on Saturday agreed to boost their collective crude production capacity by 548K barrels per day for August, extending four consecutive daily increases over the past four months.

1don MSN

Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil

OPEC+ jolted markets by announcing it would flood the market with more oil.

OilPrice.com1d

Saudi Arabia Raises Oil Prices

Saudi Aramco is raising crude prices globally next month despite OPEC+’s decision to significantly increase oil supply.

Khaleej Times on MSN18h

Saudi Arabia raises August oil prices for Asia, Europe buyers

State energy firm Saudi Aramco raised the official selling price for its flagship Arab light crude to Asia loading in August ...

InvestorsHub on MSN1h

Oil Prices Slip as Markets Weigh Trump’s Tariff Moves and OPEC+ Production Increase

Oil prices edged downward in early trading across Asia on Tuesday, as investors absorbed growing geopolitical tensions triggered by new U.S. trade tariffs alongside concerns about rising global oil ...

NPR2y

What to know about Saudi Arabia's stunning oil production cuts : NPR

Oil prices surged after Saudi Arabia and some other oil producers announced they're reducing their oil output. That will send gas prices higher – and benefit energy companies in America.

13d

Saudi Oil Export Revenue Slumps to Lowest in Almost Four Years

Saudi Arabia’s revenue from oil exports slumped to the lowest in almost four years in April as crude prices crashed.

OPEC Plus Agrees to Pump More Oil in August

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

5don MSN

Saudi Arabia's non-oil sector growth quickens in June on strong demand, PMI shows

The expansion in Saudi Arabia's non-oil private sector activity accelerated in June, driven by robust client demand and a ...

CNN2y

Saudi Arabia and China will align on everything from security to oil, but agree not to interfere on domestic issues - CNN

China and Saudi Arabia expressed aligned policies on a range of areas from security to oil in a joint statement Friday, adding they will support each other while not interfering in each other’s ...

NPR1y

How Saudi Arabia is using its oil influence to fund fantastical plans for the future - NPR

For decades, Saudi Arabia's economy has been defined by its abundant oil reserves. But with a plan known as Vision 2030, Saudi Arabia is trying to pivot away from that economic base.

Ticker: OPEC+ to boost oil production; China bans EU medical devices

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...

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