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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 · 10h

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.

Investopedia on MSN · 17h

OPEC+ Agrees on Larger-Than-Expected Supply Hike Again

The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than expected, raising concerns about a potential oversupply.

1hon MSN

Oil eases as traders assess US tariffs, OPEC+ output hike

Oil prices retreated on Tuesday after rising almost 2% in the previous session as investors assessed new developments on U.S.

14h

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.

1h

Natural Gas and Oil Forecast: Crude Retreats on OPEC+ Hike and China Demand Slump

Crude oil slips over 1% as OPEC+ output hike and weak China demand weigh on prices. Traders brace for volatility amid rising ...

13hon MSN

Oil rises as strong demand offsets big OPEC+ output hike

Oil rose 1% on Monday as signs of strong demand outweighed the impact of OPEC+ hiking output more than expected for August, ...

Oil dips as traders take stock of US tariffs and OPEC+ shift

Oil closed higher on Monday after sliding at the open following a decision by OPEC+ to boost output more than expected in ...

17hon MSN

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 ...

Oil & Gas Journal7h

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 ...

1don 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 ...

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