6 h. ago Oil Drops as Larger OPEC+ Supply Increase Raises Glut Concerns

Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.

Other

6 h. ago Oil Dips as Larger OPEC+ Supply Increase Raises Glut Concerns

Oil pushed lower after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.

Other

46 h. ago OPEC+ to Further Accelerate Supply Boost With Larger August Hike

OPEC+ will increase production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalize on strong summer demand in its move to reclaim market share.

Other

3 d. ago Oil Drops for Second Day as Traders Brace for Another OPEC+ Hike

Oil fell for a second day in the lead up to an OPEC+ meeting at the weekend that’s expected to deliver another substantial production hike, threatening to swell a glut that’s forecast for this half.

Economics

3 d. ago Supply management law not enough to shield system from Trump, experts warn

The new law prevents the foreign affairs minister from making commitments in trade negotiations to either increase the tariff rate quota or otherwise alter supply management rules.

Other

3 d. ago Oil Retreats as Traders Await US Payrolls Report, OPEC+ Decision

Oil dropped after it biggest gain in almost two weeks, with traders monitoring this weekend’s OPEC+ meeting and US jobs data that will give clues about the health of the world’s largest economy.

Economics

6 d. ago Oil Traders Expect a Fourth Bumper OPEC+ Oil Supply Increase

Oil traders expect OPEC+ will agree a fourth bumper oil supply increase this weekend as group leader Saudi Arabia continues its bid to reclaim market share.

Economics

1 week ago NTSB says company failed to shut down oil pipeline for nearly 13 hours after pressure dropped

Roughly 1.1 million gallons of crude oil spilled from a pipeline into the Gulf of Mexico in November 2023 because operators failed to shut it down for nearly 13 hours after gauges first hinted at a problem, the National Transportation Safety Board said Thursday. The NTSB said the leak off the coast of Louisiana was […]

Economics

2 w. ago Emerging Assets Drop as US Strike on Iran Fans Worries About Oil

Asian currencies and stocks fell at the start of the week, as US strikes on Iran rattled investors and pushed up the price of oil.

Sport

2 w. ago Oil Surges, US Futures Drop After Strikes on Iran: Markets Wrap

US equity futures dropped and oil advanced in Asia on Monday after Washington struck Iran’s nuclear sites over the weekend.

Other

2 w. ago Oil, Dollar Trim Gains After US Attacks on Iran: Markets Wrap

The dollar and oil pared an early advance, as traders awaited Tehran’s response after Washington struck Iran’s nuclear sites over the weekend.

Events

2 w. ago Oil Jumps, US Futures Drop on Trump Tehran Warning: Markets Wrap

Global markets received a jolt in early Asia hours after President Donald Trump called for the evacuation of Tehran, in comments that contrasted with earlier optimism that Israel’s war against Iran wouldn’t escalate into a wider conflict.

Other

2 w. ago Oil Rises, US Futures Drop on Trump Tehran Warning: Markets Wrap

Global markets received a jolt in early Asia hours after President Donald Trump called for the evacuation of Tehran, in comments that contrasted with earlier optimism that Israel’s war against Iran wouldn’t escalate into a wider conflict.

Other

3 w. ago Oil Outlook in Flux as Analysts Revise Views After Israel Strike

Israel’s strike on Iran has injected a fresh bout of geopolitical risk into an oil market that has been in the doldrums due to concerns about the global economy and supply increases from OPEC+.

Other