Oil prices experienced a decline of more than $2 per barrel as OPEC+ announced intentions to augment oil production, which has sparked apprehensions regarding a possible surplus in supply. The group’s choice to expedite production increases for the second month in a row, with an addition of 411,000 bpd in June, reinforces anticipations of a Read More
Oil experiences a slight increase, even amid an unclear economic forecast and the possibility of an OPEC+ supply increase. Oil prices experienced a modest uptick in early trading. Nevertheless, uncertainties surrounding trade discussions between the U.S. and China persist, exerting pressure on the market. The possibility of OPEC+ potentially augmenting supply contributes to the prevailing pessimism. Read More
Oil prices are poised to experience a weekly decline due to the prospect of increased global supply. Oil prices experienced a slight increase on Friday; however, they remained poised for a weekly decline. This situation arises as a potential increase in OPEC+ output and a possible ceasefire in the Russia-Ukraine conflict could enhance supply, while Read More
