Economy News Opec Sees Healthy Growing Global Economy
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Crude Prices Tumble as OPEC Projects a Global Crude Surplus
December WTI crude oil (CLZ25 ) today is down -2.14 (-3.51%), and December RBOB gasoline (RBZ25 ) is down -0.0400 (-1.99%). Crude oil and gasoline prices are falling sharply today, with crude matching ... Read More
OPEC shifts oil outlook to see small surplus in 2026
The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift from its earlier ... Read More
OPEC and Allies Agree to Boost Oil Production, Then Pause
The move caps a dramatic month in oil markets, riven by concerns of a supply glut and uncertainty over sanctions on Russian producers. Read More
OPEC Points to Smaller 2026 Oil Supply Deficit as OPEC+ Pumps More
LONDON (Reuters) -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month's ... Read More
OPEC+ agrees to another output hike in November despite growing concerns of glut
Prices for U.S. benchmark West Texas Intermediate crude slumped last week on oversupply fears. OPEC+ on Sunday agreed to increase crude production in November by another 137,000 barrels a day, despite ... Read More
OPEC+ Differences Re-Emerge Amid Growing Signs of Oil Surplus
Welcome to our guide to the commodities powering the global economy. Today, OPEC+ reporter Grant Smith looks at the implications of the weekend’s output decision. The latest rapid decision by OPEC+ to ... Read More
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