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OPEC, Oil and Settles

OPEC+ set to discuss July oil output hike, may be larger than 411,000 bpd, sources say

OPEC+ meets on Saturday to discuss an increase in oil output for July that may be larger than the 411,000 barrels per day (bpd) increases it made for May and June, sources familiar with OPEC+ talks told Reuters.

MarketWatch on MSN · 14h

A pivotal OPEC+ decision this weekend could tank crude-oil prices by 10%

A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since 2021, with demand tough to gauge against a trade-war backdrop and some countries failing to comply with output quotas.

The Wall Street Journal on MSN · 14h

Oil Settles Lower Ahead of OPEC+ Output Decision

Crude futures settled lower as the market awaits the outcome of Saturday’s OPEC+ meeting where the group is expected to decide on another large unwind of voluntary output cuts for July.

Woman sues oil companies

The New York Times · 1d

Oil Companies Are Sued Over Death of Woman in 2021 Heat Wave

Experts said it is the first wrongful death case targeting fossil fuel companies over their role in global warming.

The Washington Post · 1d

Wrongful death lawsuit says Big Oil contributed to heat wave and woman's death

A Washington state woman is suing seven oil and gas companies, saying they contributed to an extraordinarily hot day that led to her mother’s fatal hyperthermia in one of the nation’s first wrongful-d

KUOW · 18h

Lawsuit blames oil companies for woman’s Seattle heat-dome death

The daughter of a woman killed by the Northwest’s extreme heat wave of 2021 is suing the oil industry over her mother’s death.

9hon MSN

Texas oil operators indicted in drug cartel smuggling scheme

A family operating an oil terminal in Texas was indicted for receiving shipments of smuggled oil connected to the Cartel de ...

18h

U.S. Oil Companies Are ‘Battening Down the Hatches’

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...

21hon MSN

Oil and gas firm EOG strengthens Utica footprint with $5.6 billion Encino deal

(Reuters) -Shale producer EOG Resources said on Friday it would acquire U.S. oil and gas firm Encino Acquisition Partners for ...

14h

Hedge Funds Rush Into Oil Short Bets as OPEC Supply Risk Looms

Hedge funds loaded up on the most bearish bets against Brent crude since October as the market braced for a fresh injection ...

1don MSN

U.S. Crude Oil Stockpiles Fall More Than Expected

U.S. crude oil inventories fell by 2.8 million barrels, exceeding estimates for a drop of 600,000 barrels.

16hon MSN

Nigeria's Dangote oil refinery continues WTI buying spree in July

Nigeria's Dangote oil refinery will import at least five million barrels of U.S. WTI crude oil in July, three trading sources ...

23h

Western Oil Tanker Firms Flock Back to Russia After Price Plunge

From Athens to New York, oil tanker companies from Group of Seven nations are flocking back to the Russian oil trade.

OilPrice.com19h

Oil Markets Await Clear Signals From OPEC+

Crude prices remain rangebound as traders await decisive signals from OPEC+ and policy shifts, despite bullish inventory data ...

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OPEC, Oil and Settles

Woman sues oil companies

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