Sunday, June 8, 2025

Tag: OPEC

OPEC+ Gains Nearly Erased by Canada’s Oil Crisis

Canadian wildfires cut crude oil production, raising prices amid OPEC+ increases and stalled U.S.-Iran nuclear talks.

WTI Slides to $60.94 as Traders Brace for OPEC+ Production Pivot

Oil prices fell despite a drop in U.S. inventories, influenced by expected OPEC+ output increases in an upcoming meeting.

WTI and Brent Crude Climb on Renewed Supply Fears

Oil prices surged due to supply concerns and geopolitical tensions, despite OPEC+ plans to maintain production levels.

OPEC+ Meeting Spurs Market Caution, Drives Oil Prices Lower

Oil prices fell as OPEC+ plans to boost output, with Brent crude at $64.09 and WTI at $60.89 per barrel amid rising supply expectations.

Oil Prices Slide for Third Day as U.S.-Iran Talks and OPEC+ Output Plans Weigh on Market

Oil prices decline as OPEC+ considers increasing output amid nuclear talks, settling at $64.44 for Brent and $61.20 for WTI.

Crude Prices Surge as Diamondback Warns of U.S. Production Decline

Oil prices surged after Diamondback Energy's CEO warned of U.S. production decline, amid rising OPEC+ output and demand concerns.

Oil Markets Recover: Brent and WTI Futures Edge Up After 2% Drop

Oil prices recovered despite mixed trade talks between the US and China, with Brent and WTI benchmarks rising after a prior decline.

Oil Prices Fall as OPEC+ Signals June Production Hike

Oil prices fell sharply after a surge due to U.S. sanctions on Iran, as OPEC+ considers increasing production rates in June.

Brent Crude Falls Below $65 as IEA Cuts Oil Demand Outlook

International oil prices fell as OPEC and IEA lowered global demand growth forecasts for this year and next, impacting market stability.

Brent Settles at $64.88 as OPEC Sees Slower Global Growth

Oil prices rose slightly as OPEC lowered its global demand growth forecast, reflecting concerns over economic uncertainty and trade disputes.

Oil Prices Sink 7% as Trade Tensions Raise Fears of Global Slowdown

Global oil prices fell sharply by 7% due to trade tensions and OPEC+ plans to boost production, hitting four-year lows.

Oil Slumps as Trump Ignites Trade War, OPEC Adds Fuel to Fire

Oil prices fell over 6% due to Trump's tariffs and OPEC+'s production increase, raising fears of recession and stagflation.