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Oil prices lower on Middle East hopes and as OPEC+ boosts production

Oil prices were lower on Monday morning after OPEC+ boosted production for September and US President Donald Trump called off a planned strike on Iran, putting downward pressure on prices.

Euronews

OPEC+ boosts September production by 188,000 barrels/day

LONDON - Saudi Arabia, Russia and five other key members of OPEC+ agreed in an online meeting Sunday to boost oil production by 188,000 barrels a day from September, against a backdrop of disruption caused by the Mideast war.

Bangkok Post

OPEC+ tipped to raise oil output as Middle East war disrupts supplies

OPEC+ members are expected to increase oil production quotas for September. This move follows several months of similar production adjustments by the group. Many members face production capacity declines, making target increases less meaningful. Gulf countries struggle with exports due to Strait of Hormuz disruptions. Russia's oil infrastructure has also…

The Economic Times

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The tenuous state of a US-Iran ceasefire renews anxiety over high fuel prices

The potential unraveling of a fragile truce between Iran and the United States has renewed anxiety over fuel prices

The Independent UK

OPEC+ increases production quotas for July

OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast war. In that sense, the 188,000 barrels per day increase would be more of…

The Economic Times

Decision by the UAE to leave OPEC shakes up alliance that influences oil prices worldwide

The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence over the price of energy around the globe

The Independent UK

Oil prices fallout: OPEC producers boost output after Iran strikes

The boost is an early sign of how producers and companies will respond to U.S. and Israeli strikes on Iran.

Axios

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Opec+ Plus To Raise Oil Production By 137,000 Barrels A Day In November

Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their production quotas by 137,000 barrels per day in November, as they continue to push for greater market share.

International Business Times

Tough Negotiations And Uncertainty Ahead Of OPEC+ Meeting

Uncertainty loomed over what Saudi Arabia, Russia and six other key members of the OPEC+ alliance would decide on crude output in their meeting on Sunday, with analysts saying a production boost was also being considered.

International Business Times

Eight OPEC+ Countries Raise Production By 547,000 Bpd

Saudi Arabia, Russia and six key members of the OPEC+ alliance said Sunday they will increase production by 547,000 barrels a day in a move which analysts say aims to regain market share amid resilient crude prices.

International Business Times

OPEC+ Postpones Meeting On Oil Output To December 5

The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among the group over plans to increase output.

International Business Times

A’s Fans Hold Onto Old Memories, New Keepsakes in Team’s Farewell to Oakland

Oakland-Alameda County Coliseum hosted the A’s final home game in the Bay Area on Thursday. Fans mourned and commemorated the team by keeping what they could from the send-off.

Sports Illustrated

Several Countries Extend Oil Cuts To Boost Prices

Moscow, Riyadh and several other OPEC+ members on Sunday announced extensions to oil production cuts first announced in 2023 as part of an agreement among oil producers to boost prices following economic uncertainty.

International Business Times

The Battle for Baseball's Future in Oakland: A Clash of Nostalgia and Exclusivity

Minor league Oakland B's dream of hosting a nostalgic game at the Coliseum is crushed by the A's. But their passion for baseball in Oakland remains undeterred.

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The Independent UK

OPEC+ suppliers struggle to agree on cuts to oil production even as prices tumble

The OPEC oil cartel led by Saudi Arabia and allied producers including Russia are trying to agree on cuts to the amount of crude they send to the world

The Independent UK

Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war

Oil prices are up, and that affects people far and wide

The Independent UK

With oil prices slumping, OPEC+ producers weigh more production cuts

The major oil-producing countries led by Saudi Arabia and Russia are deciding whether to make more cuts to the amount of crude they supply to the global economy

Al Jazeera

‘Incalculable loss’: Oakland battles to save last pro sports team

As Major League Baseball’s Oakland Athletics look set to move to Las Vegas, fans say the loss goes far beyond sport.

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The Independent UK

Oil producers' cuts could boost gasoline prices, help Russia

Some of the globe's biggest oil producers are cutting back

The Independent UK

EXPLAINER: How will OPEC+ cuts affect oil prices, inflation?

Oil cartel OPEC and its allies are cutting production

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