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OPEC, Oil

Oil prices expected to drop below $60 on increasing OPEC+ supply
Wall Street analysts predict oil futures will fall below $60 per barrel by the end of the year as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) boost output. OPEC+ has been unwinding output cuts this year as it seeks to recover global market share.
Oil prices recover slightly but US tariffs, OPEC downgrade weigh
Oil prices steadied in early trading on Friday following a 2% drop in the previous session that was driven by U.S. President Donald Trump's new tariffs, expected to hurt economic growth, and a cut to OPEC demand forecasts.
Oil Prices to Drop Further as OPEC+ Announces Large Output Hike
The eight OPEC+ countries comprise Saudi Arabia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, Oman, and Russia. The group had earlier announced increases of 411,000 barrels of production for each of May, June,
Oil climbs on potential Russia sanctions; OPEC+ output, tariffs weigh
Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer, while tariff concern and rising OPEC+ output capped gains.
Oil rises over 2% as investors weigh market outlook, tariffs, sanctions
Oil prices rose over 2% on Friday as the International Energy Agency said the market was tighter than it appears, while U.S. tariffs and possible further sanctions on Russia were also in focus.
Action News Now1d
Abundance of oil supply in the market results in lower gas prices across the nation
In various California cities, prices per gallon are as follows: San Francisco at $4.74, Oakland at $4.60, and San Jose at ...
The Financial Express5d
Oil prices drop over 1% after OPEC+ surprises markets with bigger-than-expected August output hike
Brent crude futures fell 80 cents, or 1.2%, to $67.50 a barrel by 0010 GMT, while US West Texas Intermediate crude was at $65 ...
Audacy on MSN1h
Average LA, Orange County gas prices drop to lowest amounts since Jan. 31
The average price has dropped six of the past seven days, decreasing 4 cents, including eight-tenths of a cent Friday, according to figures from AAA and the Oil Price Information Service.
Oil prices drop 9% in first half of year, with OPEC+ meeting to set the tone for Q3
U.S. and global benchmark oil prices have lost 9% so far this year with tensions in the Middle East having eased back and as oil flows through the [key Strait of Hormuz waterway]( ...
How have prices changed under Trump? Experts explain.
Inflation has eased since Trump took office, meaning prices have risen at a slower pace than they had been at the end of the ...
Vanguard4d
ISRAEL-IRAN CONFLICT: Oil prices drop to $70 per barrel
There are indications that crude oil prices would soon  rise to more than $90 per barrel  following the escalation of the ...
Volatility continues in oil markets as slight drop in activity expected
Anderson said that news comes after talking to some large producers, who are predicting a drop in activity. North Dakota ...
Coconut oil prices surge 300% in a year amid sharp decline in production
Coconut oil prices in India have surged 300% over the past year, prompting the country’s top oilseed association to urge the ...
Legit.ng on MSN11d
Marketers Announce Fresh Drop in Petrol Price as Cost of Crude Oil Changes Again
Petroleum marketers warn that declining crude oil prices may lead to a petrol price drop, with a new pricing structure ...