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A service for energy industry professionals · Wednesday, July 9, 2025 · 829,833,133 Articles · 3+ Million Readers

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Published on 15:31 GMT

Big Oil Faces Weaker Quarter, but OPEC+ Output Move Signals Underlying Strength

Shell and Exxon warned of weaker Q2 earnings due to lower oil and gas prices, with Exxon expecting a $1.5 billion hit. Despite bearish forecasts, OPEC+ raised output and prices rose, suggesting demand remains stronger than expected—challenging the EV- …

Source: Investing - Neutral
Published on 10:30 GMT

Can the Oil Market Absorb OPEC+ Output Hikes? | OilPrice.com

Source: domain-b.com - Pending
Published on 04:16 GMT

Oil eases, traders weigh US tariffs, OPEC+ output hike

Oil prices retreated during Tuesday's Asian trade, reversing part of the previous session’s gains as markets digested the impact of fresh United States tariff threats and a larger-than-anticipated production increase by the Organisation of the …

Source: Azzet - Pending
Published on 02:30 GMT

Can the Oil Market Absorb OPEC+ Output Hikes?

OPEC+ never fails to surprise speculators and market analysts. This weekend’s meeting to decide August production levels was expected to be a short routine video call to announce another output hike of 411,000 barrels per day (bpd). Short it was, but the …

Source: Oil Price - Neutral
Published on Jul 8, 2025

Oil Prices Rebound Despite OPEC+ Output Hike as Markets Rethink Supply Risk

Oil prices surged yesterday after gapping down over the weekend. The gap down came about as the OPEC+ group, which includes OPEC and its allies, agreed to increase oil production by 548,000 barrels per day in August. This is a bigger rise compared to the …

Source: Investing - Neutral
Published on 16:26 GMT

Market braces for sub-$60 oil as Opec+ lifts output

Global oil prices are poised to fall below $60 per barrel by year-end as Opec+ accelerates its unwinding of production cuts, catching markets off guard with an aggressive push to reclaim market share. In a surprise move over the weekend, the group …

Source: Khaleej Times - Gov't Propaganda
Published on 17:23 GMT

Oil markets are absorbing extra barrels from Opec+, UAE energy minister says

Oil markets are absorbing Opec+ production increases and there has been no major build-up in inventories, which indicates higher demand in global markets, Suhail Al Mazrouei, Minister of Energy and Infrastructure, said on Wednesday. Opec+, which has been …

Source: The National News - Pro-Government
Published on 08:19 GMT

OPEC+ Plans 550,000bpd Output Raise In September

The Organization of Petroleum Exporting Countries (OPEC) would likely hike output by September as the producer group meets soon. The OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of …

Source: Leadership - Neutral
Published on 12:46 GMT

Minister: OPEC+ decisions show correct understanding of market situation

The decisions made by OPEC+ demonstrate that the alliance understands the state and needs of the oil market better than others, said the Minister of Energy of the United Arab Emirates, Suhail Al Mazrouei, during the 9th OPEC International Seminar, APA- …

Source: APA - Gov't Propaganda
Published on 14:24 GMT

UAE Says the Oil Market Is Thirsty for More OPEC+ Barrels

Global markets have been soaking up the additional barrels OPEC+ has been producing since the spring without inventory builds, suggesting that the market needed the higher supply, according to Suhail al-Mazrouei, the energy minister of one of OPEC’s top …

Source: Oil Price - Neutral