EIA Cuts Brent Price Forecast to $74 a Barrel, Projects Global Oil Surplus for 2027

@firstsquawk

OPEC+ tipped to raise quotas again as Middle East calms-ET

@iranintl_en

OPEC+ has an agreement in principle to raise oil output quotas by 188,000 barrels per day in August, Reuters reported on Sunday, citing a source familiar with the group’s talks. Two other sources told Reuters an increase of that size was t

@firstsquawk

OPEC+ has an agreement in principle to raise oil output quotas by 188,000 barrels per day in August, Reuters reported on Sunday, citing a source familiar with the group’s talks.

@financialjuice

OPEC+ agrees in principle to increase oil output targets by 188,000 bpd from August, OPEC+ source

@business

OPEC+ has a preliminary agreement for another modest oil quota increase in August, delegates said, raising the prospect of more supply eventually hitting the market again if a US-Iran peace pact can stick

@amena__bakr

Another 188k of unwinding of supply for August expected from the OPEC+ members with voluntary cuts #OOTT

@reuters

OPEC+ set to approve another oil output increase, sources say

@financialjuice

Seven OPEC+ nations to boost oil output quotas by 188,000 bpd in August: statement

@staunovo

Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman adjust production and reaffirm commitment to market stability #oott

@staunovo

In their collective commitment to support oil market stability, the seven participating countries decided to implement a production adjustment of 188 thousand barrels per day from the additional voluntary adjustments announced in April 2023

@staunovo

The countries will continue to closely monitor and assess market conditions, and in their continuous efforts to support market stability, they reaffirmed the importance of adopting a cautious approach and retaining full flexibility to incre

@firstsquawk

7 countries in OPEC+ decide to increase oil production by 188,000 barrels daily in August

@anasalhajji

Hormuz is currently limiting the impact of these decisions by the group of 7 of OPEC+, but their full effects will become visible next year. For now, we’re waiting for Aramco’s OSPs.

@cnbc

OPEC+ set to approve another oil output increase, sources say

@jackprandelli

OPEC+ just added supply for August, while keeping every reversal option on the table. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman will raise output by 188,000 bpd in August, from the April 2023 voluntary cuts tranche

@business

Major OPEC+ members agreed another modest increase to their collective oil-production quotas for next month, adding to the prospect of more supply eventually hitting the market if a US-Iran peace pact can stick

@firstsquawk

CRUDE OIL PRICES FALL AFTER OPEC+ AGREES TO RAISE PRODUCTION TARGETS Crude oil prices declined following the decision by OPEC+ to increase production targets, easing earlier supply concerns. The move signals higher expected global supply,

@cnbc

Oil slips after OPEC+ agrees to raise output targets

@wsjmarkets

Oil Falls, Weighed by OPEC+ Decision to Increase Output Again

@financialjuice

Aramco cuts August Arab light OSP to Asia by $11/bbl to -$1.50

@financialjuice

Aramco makes the biggest cut to main oil price since at least 2000

@zerohedge

*ARAMCO CUTS AUG. ARAB LIGHT OSP TO ASIA BY $11/BBL TO -$1.50 *ARAMCO MAKES BIGGEST CUT TO MAIN OIL PRICE SINCE AT LEAST 2000

@staunovo

Saudi Aramco cuts the official selling price (OSP) for Arab light for Asia by USD 11.00/bbl to USD -1.50/bbl versus the benchmark (Oman/Dubai average) for the month of August #oott

@javierblas

Saudi Arabia slashes the official selling price of its flagship Arab Light, pricing the barrels for Asia delivery at **minus** $1.5 a barrel to the Dubai benchmark. It's the largest **discount** for Arab Light to Asia since mid-2020, when

@firstsquawk

ARAMCO MAKES BIGGEST CUT TO MAIN OIL PRICE SINCE AT LEAST 2000