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OPEC, Brent crude

Brent crude oil price forecast after the OPEC+ supply cut

Brent crude oil price crashed on Friday amid rising trade tensions, and the downtrend may continue after the latest OPEC+ meeting. It dropped to $62.60 on Friday, down by 25% from its highest level this year.

MarketWatch on MSN · 1d

A pivotal OPEC+ decision this weekend could tank crude-oil prices by 10%

A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since 2021, with demand tough to gauge against a trade-war backdrop and some countries failing to comply with output quotas.

Forbes · 5d

Rising Crude Stocks, Higher OPEC Output May Keep A Lid On Oil Prices

High inventories, OPEC output hikes and an uncertain global macroeconomic climate all seem to point to likely lower crude oil prices over the near-term.

OPEC, Oil

The New York Times · 12h

OPEC Plus Members Say They Will Fast-Track Oil Output

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of accelerated increases.

Reuters on MSN · 12h

Explainer-How are OPEC+ oil producers unwinding their output cuts?

The OPEC+ group of oil-producing countries has begun unwinding some of its output curbs with eight members looking to gradually add back some 2.2. million barrels per day (bpd) of supply. The eight agreed to increase production in July by 411,

The Wall Street Journal on MSN · 1d

Oil Settles Lower Ahead of OPEC+ Output Decision

Crude futures settled lower as the market awaits the outcome of Saturday’s OPEC+ meeting where the group is expected to decide on another large unwind of voluntary output cuts for July.

Emirates News Agency6h

OPEC daily basket price stands at $61.04 a barrel Wednesday

VIENNA, 30th January, 2020 (WAM) -- The price of OPEC basket of fourteen crudes stood at US$61.04 a barrel on Wednesday, compared with US$60.67 the previous day, according to OPEC Secretariat ...

Odessa American2d

OPEC-Plus spurs uncertainty with production increases

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

NBC Montana10d

Gas prices to hit lowest Memorial Day mark in four years, according to report

GasBuddy, a company that tracks gas prices in the U.S., projected Tuesday the national average rate on Memorial Day will be ...

Emirates News Agency18h

OPEC daily basket price stood at $55.14 a barrel Thursday

VIENNA, 22nd January, 2021 (WAM) -- The price of OPEC basket of thirteen crudes stood at $55.14 a barrel on Thursday, compared with $55.75 the previous day, according to OPEC Secretariat calculations.

Compared to the last Memorial Day, gas prices are lower, but who deserves credit?

Patrick DeHaan, GasBuddy’s senior petroleum analyst, confirmed on X that " speaking seasonally, all 50 states are lower than last Memorial Day" and noted that gas prices were at their lowest seasonal ...

OPEC must squeeze US shale much more to win oil price war

Oil drillers in the U.S. shale heartland are slowing down operations, a sign that OPEC's high-stakes price war is starting to ...

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