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Oil Extends Losses As Investors Weigh Possible OPEC Output Increase
In other oil news on Thursday, Moody's Investors Service research concluded that China 's crude demand is expected to peak within the next 3–5 years, due to slowing economic growth, while India will continue to lead in global oil demand growth until at least 2030, due to a rising population and expanding infrastructure.
WTI crude oil futures were rejected near the 64.00 psychological level on Wednesday and moved lower, as reports of a ...
OPEC+ shocked oil markets in April by agreeing to a bigger-than-expected output hike for May despite weak prices and slowing demand. OPEC’s de facto leader Saudi Arabia designed the move to ...
OPEC has renewed an agreement with a dozen other crude-oil producers to withhold supplies into March 2018, betting it can raise prices despite soaring output ... to extend crude production ...
OPEC+ could bring back 2.2 million barrels daily in supply by November this year in an apparent acceleration of the rollback of its production cuts ... to undermine their oil revenues.
Oil prices slipped on Thursday as investors weighed a report that OPEC+ is discussing a production increase for July, stoking ...
The Organization of the Petroleum Exporting Countries cut its forecast for oil demand growth just days after boosting output, citing the impact of U.S. tariffs. OPEC now expects demand to rise ...
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