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OPEC OUTPUT HIKE
Ten reasons oil is still below $100 a barrelGlobal oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...- From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...
- Oil market likely to return to oversupply after Hormuz reopens: Fitch RatingsGlobal oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The...
- Global Markets Watch: Tumbling tech darlings slam brakes on AI rallyAsian stocks experienced a significant plunge as investors exited AI-linked shares amid concerns of an overheated market. Disappointing out...
- U.S. Stock Market prediction for Monday: Nasdaq, S&P 500, Dow Jones crash to continue in Wall Street? These factors will determineU.S Stock Market on Monday: Magnificent Seven stocks which includes AI players Nvidia, Google-parent Alphabet and Meta will be under scanne...
- OPEC+ increases production quotas for JulyOPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikel...
- OPEC+ set for fourth oil quota hike since Hormuz closure, sources sayOPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...
- India turns to Latin American, African oil after Hormuz disruptionIndian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola,...
- Oil prices settle higher on slow progress in US-Iran peace talksOil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated...
- Oil prices gain as investors doubt breakthrough in US-Iran peace talksOil prices saw a rise on Friday amid doubts about U.S.-Iran peace talks. Investors are concerned about Middle East instability and potentia...
- OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources saySeven key OPEC+ oil nations are poised to increase July output by approximately 188,000 barrels per day. This decision comes as the group m...
- OPEC+ set to approve third supply increase since Hormuz disruption, sources sayOPEC+ plans a small oil output increase. This boost will be symbolic as the U.S.-Iran conflict blocks vital Gulf oil routes. The Strait of ...
- Why UAE left OPEC and what it means for global oil prices and supplyThe United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...
- UAE walks out of OPEC & OPEC+ in high-stakes break, redraws global oil power lines amid West Asia turmoil
- OPEC+ hikes oil production quotas, issues warningOPEC+ will boost oil production by 206,000 barrels daily from May. The cartel warns that repairing damaged energy facilities from conflicts...
- OPEC+ debates theoretical oil output hike amid Iran war paralysisAs OPEC+ examines the possibility of increasing oil output this Sunday, industry insiders caution that any boost may have little real impac...
- OPEC+ set to raise oil output further from October, sources sayOPEC+ is poised to agree on a further increase in oil output, but is likely to slow the pace of increases from October due to weakening glo...
- OPEC not for hiking oil outputOPEC says there is no need to hike oil output at present as high oil prices are not rooted in supply-demand factors. War on inflation | Glo...
- OPEC not to hike oil outputOPEC's ruled out an increase in production by the oil exporting group despite record crude prices. All Headlines | Gainers & Losers I Day i...
- OPEC output hike would not affect prices: IranMajor crude oil producer Iran said on Saturday that any output hike by the Organisation of Petroleum Exporting Countries as requested by th...
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