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Oil Prices Are Holding Steady. Why the OPEC+ Output Hike Isn’t a Problem.
The price of oil was stable on Monday despite a larger-than-expected increase in production by the Organization of the Petroleum Exporting Countries and its allies. Seasonal demand and doubts about the actual increase in output explain the muted reaction.
Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...
Oil prices experienced fluctuations as the physical market's tight conditions countered the anticipated OPEC+ increase in ...
Crude oil outlook turns bearish as geopolitical risks ease, OPEC plans a supply hike, and demand signals remain weak ahead of ...
Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day in ...
3hon MSN
OPEC+ jolted markets by announcing it would flood the market with more oil.
The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers ...
Crude oil futures were lower and OCBC said prices were expected to face further downward pressure in 2H following OPEC+’s announcement to quicken supply hikes.
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