Asia hopes for cheaper oil as Opec boosts output – but trade doubts linger

A surprise decision by Opec+ to accelerate production increases is fuelling hopes of cheaper oil across import-reliant Asia – but analysts warn the move could backfire, with deepening US-China trade tensions and persistent geopolitical uncertainty …

OPEC Output Slips in April Despite Scheduled Hike, Survey Reveals

Oil production by the Organisation of the Petroleum Exporting Countries (OPEC) dipped slightly in April, despite a planned increase in output, according to a Reuters survey published on Thursday, May 8, 2025. The decline was primarily attributed to reduced …

Expert: OPEC+ Oil Cartel May Collapse By The End Of The Year

3 After that, Russia will lose the opportunity to make money from oil sales. The OPEC+ oil cartel may collapse as early as 2025. After that, Russia will lose the opportunity to make money on oil sales. This was told in an interview with NV by Mikhail …

OPEC+ Tests the Shale Sector

When eight OPEC+ producers decided May 3 to accelerate production increases, they cited “healthy oil market fundamentals,” but the market is ailing. There are more plausible motivations for increasing output in the face of a global economic downturn: to …

Has US oil production peaked? CEO reopens debate.

“Drill, baby, drill” has hit peak oil. Oil and gas leaders have been saying for a while that oil production in the United States could be headed for a plateau — in a few years. Maybe it would start declining in the early 2030s. Not many industry executives …

Nigeria’s crude oil output falls by 4.37% in March, below OPEC’s quota – Report 

The Organization of Petroleum Exporting Countries (OPEC) has reported a decline in Nigeria’s oil production following its April Monthly Oil Market Report (MOMR), the country’s crude oil output dropped by 4.37% in March, falling from 1.465 million barrels …

Oil Falls to Fresh Four-Year Low Following OPEC Production Push

Texas oil drilling applications at 4-year low as producers consider OPEC+ increase, trade war

Enverus, a consultancy, said that oil and gas drilling permits in Texas, which is the leading U.S. state for oil production, dropped to their lowest level since February 2021. This was due to concerns about rising OPEC+ supply and a trade conflict …

Oil ETFs Heat Up As OPEC+ Pump-Up, US-UK Trade Deal, China Talks Fuel Rally

In the wake of OPEC+’s weekend decision to increase oil production quotas, energy ETFs are back in the spotlight—some surfing the wave of positive sentiment, others protecting against geopolitical uncertainty. As oil prices surged on the U.S.-UK trade …

HALLIGAN: Power struggle in OPEC+ is pulling oil prices down

The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y — the sharpest monthly drop since November 2021 — sending Brent tumbling from over $74 a barrel at the start of the month to just under $60 by early …