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Oil storage rise supports case for keeping OPEC+ cuts, sources say
Reuters· 7 hours agoRising global oil inventories through April due to soft fuel demand may strengthen the case for OPEC...
What is OPEC+ and how does it affect oil prices?
Reuters· 5 days agoThe Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectively as OPEC+ and will meet on June 2 to...
China’s Oil Demand Outlook Darkens as OPEC+ Prepares to Meet
Bloomberg via Yahoo Finance· 17 hours ago(Bloomberg) -- As OPEC+ prepares to review global oil markets, trouble is brewing in the group’s...
OPEC heavyweights are cheating on their targets
The Economist· 2 days agoThe Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group that produces 40% of the world’s crude, wants to keep oil prices...
Oil Sinks as Weak Treasury Auction Creates Risk-Off Sentiment
Bloomberg via Yahoo Finance· 2 hours ago...Covid-Era Homebuyers Face Huge Rate JumpWarning Signals Are Flashing for Homeowners in Texas and...
Explainer-What OPEC+ oil output cuts are currently in place? By Reuters
Investing.com· 5 days agoExplainer-What OPEC+ oil output cuts are currently in place?
OPEC+ to hold June 2 output policy meeting online
Reuters· 5 days agoThe meeting was to have been in Vienna on June 1, but will now be held online a day later, OPEC said on Friday. OPEC+ oil producers are ...
Saudi Arabia may cut July oil prices to Asia for first time in 5 months
Reuters· 1 day agoThe July official selling price (OSP) for flagship Arab Light crude is expected to fall by 30 to 50...
US Democrats Probe Potential Manipulation of Oil and Gas Prices
Rigzone· 5 days agoThe FTC banned Sheffield from holding a board or advisory position in Exxon Mobil Corp. as a...
Gold, oil up by 1% as US Fed interest rate decision draws near
Gulf Business· 2 days agoWhile oil prices rose over 1% on Monday in muted trade, gold hit a record high of $2,449.89 last...