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OPEC oil output rises in June on Saudi and UAE hikes, Reuters survey finds
OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction.
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OPEC+ jolted markets by announcing it would flood the market with more oil.
Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...
Doomsday scenarios about peaking demand or an Asian market implosion are driving current bearish oil views. While OPEC has ...
The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers ...
The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...
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Oil surges back above $67 after Saudi hikes flagship crude price for Asian buyersOil prices moved back over $67 a barrel after Saudi Arabia unexpectedly raised prices for its Arab Light crude sold to buyers ...
NEW YORK] The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners ...
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