OPEC+, the cartel of oil producers, agreed over the weekend to crank up production. Instead of falling, Brent crude prices are up about 3% to start the week, at a shade under $65 a barrel. Prices are ...

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Korea turns, cautiously, to Canadian crude for first time since Trump's return

Korea imported Canadian crude oil for the first time since U.S. President Donald Trump returned to the White House in April, bringing in 548,000 barrels for a cost of $82.3 million.

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Crude rallies after Opec+ retains steady output hike

Increase of 411,000 barrels per day in July allayed some market concerns of a more rapid unwinding of group's 2.2 million barrels of existing cuts to global supply ...

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Crude oil futures rise amid escalating Russia-Ukraine tensions

Crude oil futures rise as Ukraine launches drone attacks on Russian airbases, impacting oil market and geopolitical tensions.

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OPEC+ to Boost Oil Production by 411,000 Barrels Per Day in July, Signaling Shift in Global Energy Markets

OPEC+, the influential alliance of oil-producing nations led by Saudi Arabia and Russia, has confirmed plans to increase oil production by 411,000 barrels per day (bpd) starting in July 2025.

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