51 h. ago Oil Extends Drop as IEA Puts Glut Back in Focus After OPEC+ Hike

Oil extended a decline after the International Energy Agency projected an even bigger surplus next year, with the bearish outlook offsetting concerns about geopolitical tensions from the Middle East to Europe.

Other

4 d. ago OPEC+ Knows Its Oil Production Increases Aren’t All They Seem

There’s an especially good reason why oil traders aren’t panicking as OPEC+ starts pouring even more crude into an oversupplied market.

Other

6 d. ago Oil Steadies as Traders Weigh OPEC+’s Modest Increase to Output

Oil steadied after OPEC+ agreed to raise production at a modest rate next month, highlighting some caution from the group as the market faces a glut toward the end of the year.

Economics

6 d. ago Oil Edges Higher as Traders Weigh OPEC+’s Modest Output Increase

Oil rose following a weekly decline ahead of an OPEC+ meeting on Sunday, which led to an agreement for a modest production boost in October, highlighting some caution from the group as the market faces a glut.

Economics

6 d. ago OPEC+ Speeds Up Return of Next Tier of Halted Oil Production

OPEC+ agreed to a new round of production increases from next month, as the group extends a policy shift toward higher volumes after years of defending prices.

Other

8 d. ago OPEC+ Output Signals Spur Options Bets Oil Will Lurch Below $60

A flurry of bets on Brent crude falling below $60 a barrel this year changed hands in recent days, a sign investors are hedging against the risk of another large production hike from OPEC and its allies.

Economics

9 d. ago Oil Set for Weekly Loss as Tension Builds Ahead of OPEC+ Meeting

Oil fell for a third day, heading for a weekly decline ahead of an OPEC+ meeting that may see the group sign off on another supply hike.

Other

1 week ago Oil Declines on OPEC+ Supply Concerns and Signs of US Slowdown

Oil dropped for a second day as traders fretted that OPEC+ may boost supplies, US data pointed to a slowdown, and an industry estimate showed higher stockpiles at a key storage hub.

Other

1 week ago OPEC+ Confronts the Next Stage in Battle for Oil Market Share

After stunning the oil world with a slew of production increases, OPEC+ is preparing to decide its next move at a key meeting on Sunday.

Events

1 week ago OPEC Oil Output Rose In August Amid Supply Revival, Survey Shows

OPEC bolstered crude production last month as the group and its allies continued to revive halted supplies, according to a Bloomberg survey.

Other

1 week ago Oil Steadies as Geopolitical Risks Dominate Before OPEC+ Meeting

Oil steadied after closing at the highest in a month as investors weighed a host of geopolitical risks, including a potential escalation of US sanctions on Russia, in the run-up to an OPEC+ meeting on supply.

Politics

1 week ago Oil Drifts as Traders Wait for OPEC+ and Next US Move on Russia

Oil drifted as traders waited for fresh catalysts to move prices out of what’s been a relatively narrow band, with attention on an upcoming OPEC+ meeting and US moves on Russian supplies.

Economics

1 week ago Oil Drifts Higher With OPEC+ and US Policy on Russia in Focus

Oil drifted higher as traders waited for fresh catalysts to move prices out of what’s been a relatively narrow band, with attention on an upcoming OPEC+ meeting and US moves on Russian supplies.

Events

1 week ago Oil Drifts Higher With Focus on OPEC+ and US Policy on Russia

Oil drifted higher as traders waited for fresh catalysts to move prices out of what’s been a relatively narrow band, with attention on an upcoming OPEC+ meeting and US moves on Russian supplies.

Events

1 week ago Oil Traders Expect OPEC+ to Hold Oil Output Flat at Weekend Meeting

Oil traders expect OPEC+ to hold crude production steady when it meets this weekend, as the group pauses after a series of accelerated supply increases.

Economics