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Oil rises as draw in US crude stocks signals firm demand
26 Jun 2025 01:22 GMT
… expected draw in U.S. crude stocks signalled firm demand, while … attention is now shifting to OPEC+ production levels. Takashima forecast … Rosneft, said OPEC+, which groups together the Organization of the Petroleum Exporting Countries and allies including …
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Oil rises after decrease in US crude stocks
26 Jun 2025 06:01 GMT
… than-expected draw in US crude stocks signalled firm demand, while … attention was now shifting to Opec+ production levels.
Takashima … oil producer Rosneft, said Opec+, which groups together oil … cartel Opec and allies including Russia …
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Rising Crude Stocks, Higher OPEC Output May Keep A Lid On Oil Prices
26 May 2025 18:49 GMT
A crude oil storage facility in Cushing, Oklahoma, U.S. (Photo: Johannes Eisele)AFP via Getty Images
Global oil prices are being kept firmly in check by rising crude inventories and OPEC’s decision to raise oil production.
At 12:37pm EDT on Monday, global …
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Oil Prices Fall Below $63 Amid OPEC+ Tension, US Crude Stock Build
23 Apr 2025 20:41 GMT
According to Reuters, Kazakhstan, which produces nearly 2% of global crude output, "will prioritize its national interests over those of the OPEC+ group when deciding on oil production levels." Separately, the Energy Information Administration …
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Global Oil Stockpiles Are Rising Fast as OPEC+ Hikes Supply
03 Jun 2025 11:58 GMT
… consumers need. The Organization of the Petroleum Exporting Countries and its allies have … big increase in global crude stocks, led by China but … decline thanks to OPEC+ cuts. OPEC hiked supplies by … balances.” (Updates with OPEC production survey in seventh …
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Oil Prices Tumble On Report That Saudis Want To 'Super-Size' OPEC Production Hikes
04 Jun 2025 17:28 GMT
… the matter, Saudi Arabia wants OPEC+ to continue with accelerated … an increasingly dominant position within OPEC+, wants the group to … Oman suggested at the last OPEC+ meeting — because seasonal demand … to the SPR, total crude stocks fell by the most since …
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Oil Prices Tumble On Report That Saudis Want To 'Super-Size' OPEC Production Hikes
04 Jun 2025 15:19 GMT
… the matter, Saudi Arabia wants OPEC+ to continue with accelerated … an increasingly dominant position within OPEC+, wants the group to … Oman suggested at the last OPEC+ meeting — because seasonal demand … to the SPR, total crude stocks fell by the most since …
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Oil steady as OPEC+ hikes output while wildfires curb Canadian supply
04 Jun 2025 15:05 GMT
… trade tensions and as ongoing OPEC+ output increases were offset … disruption and expectations that OPEC member Iran would reject … Moscow more resistant to further OPEC+ output hikes as such … API data from Tuesday showed crude stocks falling by 3.3 million …
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Oil Prices Surge By Over 4 Percent Despite OPEC+ S
02 Jun 2025 20:00 GMT
… such as declining U.S. crude stocks and Russia–Ukraine geopolitical tensions … May 31 statement, OPEC+, a group comprising the Organization of the Petroleum Exporting Countries (OPEC) and other … (bpd) beginning in July.
OPEC+ had previously reduced crude oil …
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Oil prices steady as Canadian wildfires offset OPEC+ output hike
04 Jun 2025 13:29 GMT
… an expected increase in OPEC+ production in July counterbalanced …
On the supply side, OPEC+ producers plan to increase … the planned increase, internal OPEC+ dynamics suggest divergence in strategy … figures released Tuesday showed crude stocks fell by 3.3 …