Oil slips on OPEC output hike, supply glut…

[ad_1] HOUSTON (Reuters) -Oil prices fell on Tuesday as investors considered a smaller than expected increase to OPEC output in November against signs of a potential supply glut. Brent crude futures were down 18 cents,…

Oil prices drop more than 3% as OPEC…

[ad_1] HOUSTON (Reuters) -Oil prices fell by nearly 3.5% on Monday as OPEC plans for another increase to oil output in November and the resumption of oil exports by Iraq's Kurdistan region via Turkey raised…

OPEC Seen Likely to Approve Another Output Hike…

[ad_1] (Bloomberg) -- OPEC will likely raise oil output again in November as the group continues its strategy to reclaim global market share, according to people familiar with its plans. The alliance led by Saudi…

Oil Demand Monitor Warns Output Boom May Strain…

[ad_1] The global oil market faces an “untenable” surplus of about 3 million barrels a day, testing how much can be absorbed by China’s recent stockpiling drive, a major forecasting agency has warned. In its…

Oil prices dip with OPEC to consider another…

[ad_1] NEW YORK (Reuters) -Oil prices eased about 1% to a two-week low on Thursday on negative economic news from the U.S. and expectations OPEC producers would increase output targets at a meeting this weekend.…