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Oil rises as strong demand offsets big OPEC+ output hike

Oil rose 1% on Monday as signs of strong demand outweighed the impact of OPEC+ hiking output more than expected for August, as well as concern about the potential impact of U.S. tariffs.

OilPrice.com · 1d

OPEC+ to Complete Unwinding of Oil Output Cuts With Big September Hike

OPEC+ is accelerating its oil production increases, aiming to fully unwind its 2023 supply cuts by September, risking an oversupplied market and pressuring U.S. shale producers.

The Wall Street Journal on MSN · 19h

Oil Futures Shrug Off Bigger OPEC+ Output Increase

Oil futures shook off the initial negative reaction to OPEC+ further accelerating the return of production to settle higher.

OPEC, Oil Futures

The New York Times · 2d

OPEC Plus Agrees to Pump More Oil in August

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts expected and could lead to lower oil prices.

Associated Press News on MSN · 2d

OPEC+ to boost oil production by 548,000 barrels per day in August

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices.

The Wall Street Journal on MSN · 1h

Oil Futures Slip Following Post-OPEC+ Gains

Crude futures are steady to lower after gaining yesterday despite another big OPEC+ output increase for August. “While concerns over rising supply have flattened the curve beyond the summer, prompt prices continue to find support from an expected demand peak in August 2025,

1don MSN

Exxon, Chevron, Shell, BP Stocks Fall. OPEC Oil Plans, Gas Trading Fears Are Biting.

The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of ...

Climate Crisis 247 on MSN33m

OPEC Oil Surge Threatens EV Adoption

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports on OPEC+’s decision to boost oil production by 548,000 barrels a day starting in August. He highlights how this increase, covered by ...

1don MSN

Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil

OPEC+ jolted markets by announcing it would flood the market with more oil.

18h

Oil prices expected to drop below $60 on increasing OPEC+ supply

Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the ...

Crude oil price today: WTI price bearish at European opening

AUD/USD consolidates latest gains below 0.6550 as RBA Governor Bullock's press conference gets underway early Tuesday. The Aussie's uptick was driven by the RBA's surprise policy decision. The RBA ...

18h

Goldman sticks to forecast for lower oil prices after OPEC production jump

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 New York Times3y

As oil soars, OPEC and its allies decline to offer relief.

The oil cartel known as OPEC Plus said it would continue the strategy agreed to in July, rubber-stamping a 400,000-barrel-a-day production increase for April. Skip to content Skip to site index.

Money Talks News on MSN21h

Fill up for Less? OPEC’s Oil Shift Could Open a Summer Window

Learn why this moment matters for your gas spending and how smart planning can turn it into longer-term savings.

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