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Energy

OPEC+ Now Sees Smaller Oil Market Deficit In Q4

...The OPEC+ group now expects the oil market to show a deficit of just 300,000 barrels per day (bpd) in the fourth quarter ...The lower...

Energy

World’s Largest Oil Trader: OPEC+ Continues To Call The Shots On Oil Prices

OPEC+ will remain the leading factor in oil price movements in the next few months, a senior Vitol executive told the media, as quoted...

Business

OPEC+ Raises Oil Production But Remains Compliant

OPEC saw its crude oil production rise by 150,000 barrels per day (bpd) in August, data from secondary sources in the cartel’s monthly report...

Energy

Lukoil: OPEC+ Aims To Keep Oil Price In The $65-75 Range

The OPEC+ alliance looks to keep oil prices in the range between $65 and $75 per barrel, and this is a comfortable price for consumers, Vagit...

Energy

Oil Prices Climb As OPEC+ Stands Firm On Production Plan

OPEC+ has decided to keep its production plans in place, according to OPEC. The previous—and current—plan is for the group to add 400,000 barrels per day...

Headline

OPEC Raises Oil Production To Highest Since April 2020

OPEC has been pumping in August the highest volume of crude oil since April 2020, after the OPEC+ alliance agreed to ease the production...

Business

Oil Price Falls To $72 As OPEC+ Jerks Up Nigeria’s Oil Output By 30.6%!

...To 1.829 million bpd The price of brent crude -- international oil benchmark -- dropped by $1.2 to $72.39 per barrel early Monday, less than...

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