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OPEC+ is pumping more oil

OPEC+ is pumping more oil, but is it needed and at what price?

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the extra crude, and will the group actually export the additional barrels they say they are going to produce?

Yahoo Finance on MSN · 4h

Oil prices expected to drop below $60 on increasing OPEC+ supply

Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) boost output. OPEC+ has been unwinding output cuts this year as it seeks to recover global market share.

The Wall Street Journal on MSN · 11h

Oil Pares Losses as Market Shrugs off Larger OPEC+ Output Hike

Despite concerns over excess supply, oil prices overturned declines from earlier in Monday’s session, as downside risks appeared contained.

6h

Oil rises as strong demand outweighs larger-than-expected OPEC+ output hike

Oil rose more than 1% on Monday on signs of strong demand, shrugging off the impact of a higher-than-expected OPEC+ output ...

8h

Russia’s Crude Production Stayed Below OPEC+ Target in June

Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.

19hon MSN

Oil prices fall as OPEC+ ramps up production; U.S. stock futures decline as tariffs to go into effect Aug. 1

U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners ...

Oil & Gas Journal1h

OPEC+ increases August production target by 548,000 b/d

ADM Investor Services said the move indicates “a willingness on the group’s part to accept lower prices for larger market ...

22h

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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