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() -- Oil markets eased on Monday, following Sunday's OPEC+ decision to lift collective output targets by 188,000 barrels per day starting in August. The Brent futures contract edged down 0.6% at $71.65 per barrel. West Texas Intermediate futures fell 0.9% at $68.10/bbl. Following a monthly meeting on Sunday, OPEC said
() -- Oil benchmarks eased on Monday, hovering near pre-war levels, after OPEC confirmed an output increase for August over the weekend and geopolitical tensions continued to ease. The Brent futures contract edged down 0.5% at $71.77 per barrel. Murban futures eased 0.2% at $66.36/bbl. The primary catalyst for the bear
() -- Seven members of the Organization of the Petroleum Exporting Countries and other oil-producing countries, or OPEC+, agreed to raise August oil output targets by 188,000 barrels per day. Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia, and Oman, in their virtual meeting on Sunday, said the move will enable
**Insight: Southern Oilfields still below pre-disruption southern export/production levels around 3.3M bpd - - Reports earlier this year said Rumaila had been halted or sharply curtailed amid export/storage constraints tied to Strait of Hormuz disruption. Rumaila is Iraq’s largest producing field and is operated under
Iraq increases southern oilfields crude output to around 2.1 million barrels per day
Iraq raises southern oilfield production by 250K bpd to around 1.75M bpd
Iraq raises southern oilfield production by 250K bpd to around 1.75M bpd