Algeria
OPEC+ members agree larger-than-expected oil production hike in August
The OPEC logo is displayed on a mobile phone screen in front of a computer screen displaying OPEC icons in Ankara, Turkey, on June 25, 2024. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance on Saturday agreed to lift their collective crude production by 548,00 barrels per day, as they […]
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OPEC+ members could hike July oil production by 411,000 barrels per day: Sources
Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, two […]
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Oil selling prices drop immediately after OPEC+ extends voluntary oil output cuts until eventually mid-year
Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Oil costs fell Monday right after oil cartel OPEC+ agreed to lengthen voluntary output reductions till the 2nd quarter, in an effort to help the limited-expression balance of crude marketplaces. World-wide benchmark Brent fell 73 cents, or .89%, to $82.81 a barrel Monday, though U.S. West […]
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