OPEC+ agrees in principle to another large oil output hike, sources say
World 18:51 03/08/2025OPEC+ has reached a preliminary deal to increase oil production by 548,000 barrels per day from September, three sources said on Sunday as concerns mount over potential supply disruptions linked to Russia.
Goldman Sachs warns of oil price surge on Strait of Hormuz risks
World 09:56 23/06/2025Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that would lead to significant spikes in oil and natural gas prices, the bank said in a note dated Sunday.
Oil steadies after falling to four-year lows in previous session
World 10:18 06/05/2025Oil steadied on Tuesday after hitting four-year lows in the previous session that was driven by an OPEC+ decision to accelerate output increases, stoking fears of oversupply at a time when U.S. tariffs have spurred concerns about demand.
Oil drops more than $2/bbl as OPEC+ accelerates output hikes
World 10:46 05/05/2025SINGAPORE -- Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about more supply.
