OPEC+ to boost oil output after Saudi-UAE compromise deal

The agreement means the cartel will boost output by 400,000 barrels a day each month from August


OPEC+ deal fails; oil market now faces tight supplies and rising prices

Crude prices jumped 0.9% to US$76.84 a barrel as of 4.25 pm. in London, the highest since 2018.


Brent oil steadies as tension builds before OPEC+ talks resume

Brent oil steadied near US$76 a barrel ahead of another round of critical OPEC+ discussions.


Oil exceeds US$67 as demand outweighs prospect of more OPEC+ oil

OPEC and its allies are expected to stick with a decision to boost output in July
BOS upgrades oil price forecast subject to vaccination speed - THE EDGE SINGAPORE

Broker's Calls

BOS upgrades oil price forecast subject to vaccination speed

Oil prices will also benefit from increased fiscal spending by a unified Democrat government in the US.
The real price of Saudi Arabia's surprise oil cuts - THE EDGE SINGAPORE

Global review

The real price of Saudi Arabia's surprise oil cuts

How much does Saudi Arabia’s oil price cuts cost?


OPEC faces seismic demand split as cartel plots next move

As OPEC+ ministers gather virtually this week, the city that traditionally hosts their meetings will be locked down.


Oil edges lower on oversupply concerns as OPEC+ set to raise output

Oil prices fell on concerns about oversupply as OPEC+ is expected to pull back from production cuts in August, while an increase in COVID-19 cases worldwide raised fears of slower pick-up in fuel demand.


Crude oil prices open lower on expectations of increased production following OPEC+ meeting

Crude Oil futures contracts opened lower on Tuesday following a rising number of Covid-19 cases. Prices have dropped more than 1% on Monday as a meeting of OPEC+ countries this week is expected to taper production cuts.

Broker's Calls

Crude oil prices to hold firm at US$40 a barrel on higher Opec+ production cut: Maybank KE

A deeper cut in production by members and non-members of the Organization of the Petroleum Exporting Countries (Opec+) is expected to support crude oil prices at US$40 a barrel.