News

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 ...
OPEC+ makes another large oil output hike in market share push
OPEC+ curtailed production for several years to support the market. It reversed course this year to regain market share.
OilPrice.com16d
OPEC Is Playing The Long Game
OPEC is implementing a long-term strategy to regain market share and maintain high oil prices, leveraging geopolitical ...
Logic for OPEC policy not market share: Energy Aspects
OPEC members move to raise production by 547,000 per day, finalizing the reversal of a 2.2 million-barrel cut. Energy Aspects ...
Venezuela's oil exports fell in July as partners awaited US authorizations
Venezuela's oil exports declined about 10% in July from the previous month as key partners of state company PDVSA awaited U.S ...
Texas Standard12h
OPEC surge, rig count putting damper on Trump bid for US energy dominance
Texas Standard: That promise for U.S. Energy dominance is running into a flood of OPEC crude oil. Apparently, on Sunday, the ...
Trump dealt a blow as the world is flooded with oil
The OPEC+ oil cartel is trying to take back control of the market with a strategy that might be self-destructive. It also ...
The Numbers Look Bad for Oil Prices. Traders Don’t Seem to Believe Them.
OPEC has vowed to 2.2 million barrels of daily oil production, which should crash the oil market. It hasn’t happened.