opec plus

Oil market: Surprises with 548,000 bpd output hike in August; what analysts said

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OPEC+ surprised markets by announcing a larger-than-expected oil production increase of 548,000 barrels per day for August, exceeding analysts’ predictions. This decision, driven by a ...

Oil market watch: Saudi, Russia-led OPEC+ eyes fresh hike for August

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OPEC+ members, including Saudi Arabia and Russia, are expected to agree on a 411,000 barrels per day production increase for August, continuing their strategy of ...

Israel-Iran conflict: Oil slides 6% after Iran’s ‘symbolic’ strikes

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Oil Market Cools Down After Iran’s Retaliation: A Temporary Reprieve? The world held its breath over the weekend, bracing for a potential escalation of conflict ...