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Opec’s new supply shock nails on oil market’s return to surplus
NEW YORK] The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners (Opec+) is set to swell a surplus later this year, pressuring prices for producers the world over while answering US President Donald Trump’s calls for lower fuel costs.
The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...
Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...
10hon MSN
OPEC+ jolted markets by announcing it would flood the market with more oil.
Oil declined after OPEC agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than ...
Goldman Sachs commodity analysts are sticking to their forecast for Brent to average $59 a barrel by the fourth quarter of this year and $56 in 2026, following a bigger-than-expected production rise ...
The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...
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Markets reacted cautiously as U.S. trade policies remained uncertain, with President Trump planning tariff hikes. OPEC+ ...
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