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Oil ends at four-year lows as Opec+ accelerates output hikes
06 May 2025 00:33 GMT
… .
On Saturday, Opec+ agreed to further speed up oil production hikes for a … second consecutive month, raising output in … is pushing Opec+ to speed up the unwinding of earlier output cuts to …
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Oil loses more than $1 a barrel as OPEC+ accelerates output hikes, surplus looms
05 May 2025 23:25 GMT
… speed up oil production hikes for a second consecutive month, raising output in … compliance with their production quotas, OPEC+ sources told Reuters.
OPEC+ sources have said … is pushing OPEC+ to speed up the unwinding of earlier output cuts to …
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Oil steadies after falling to four-year lows in previous session
06 May 2025 01:11 GMT
… up oil production hikes for a second consecutive month, raising output in … million bpd of various cuts agreed on since 2022, … improve compliance with their production quotas, OPEC+ sources told Reuters. … 39;s tariff, tax-cut and deregulation agenda would work …
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OPEC+ Agrees to Boost Oil Output, Threatening Russia’s Income Stream
06 May 2025 01:19 GMT
OPEC+ has reportedly begun to “unwind” voluntary production cuts, reducing oil prices to punish recalcitrant … is “pushing OPEC+ to accelerate the unwinding of earlier output cuts.” The unwinding …
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US Shale Output has Peaked as Prices Plummet, Diamondback Says
06 May 2025 01:27 GMT
… tipping point for U.S. oil production.”
The outlook from Diamondback, one … , or fracking, has bedeviled OPEC. The prospect that they may … wrong by innovating and driving output to fresh records year after … that shale producers plan to cut 4% of their drilling …
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Oil prices fall to four-year low as OPEC+ hikes production
05 May 2025 23:54 GMT
… On Saturday, OPEC+ agreed to further increase oil production in June … consecutive month of accelerated output hikes and brings the … the unwinding of earlier output cuts to punish fellow members … production quotas. The group could fully unwind its voluntary cuts …
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Oil Prices Sink After OPEC+ Agrees to Boost Produc
05 May 2025 23:27 GMT
… continue to support oil market stability. The eight OPEC+ countries also noted … managing production on a month-by-month basis, choosing July output levels … ;
Riyadh will need to either cut spending or borrow from the …
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Major petrol, diesel price cuts expected over crude slump
06 May 2025 00:47 GMT
… on Monday after OPEC+ decided to accelerate its output hikes, causing concerns … speed up oil production hikes for a second consecutive month, raising output in … .2 million bpd of various cuts agreed on since 2022, according …
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Further oil price cuts uncertain despite supply glut
05 May 2025 22:59 GMT
… ) decided to ramp up their production despite demand uncertainties.
Article continues … be affected.”
READ: ‘Bombshell’ OPEC+ output hike hits oil price
Oversupply concerns from … 90-centavo per liter price cut in petroleum products.
Given the …
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Trump: Low Oil Prices Put U.S. In Good Negotiating Position With Russia
05 May 2025 22:22 GMT
… the motivation behind OPEC’s decision to unwind its production cuts more than … . The move tanked already low oil prices and left traders scratching … as Washington’s attempt to cut off the Kremlin’s primary …