Why Iraq Could Make or Break the Next Oil Price Move

Why Iraq Could Make or Break the Next Oil Price Move

Last month, OPEC+ agreed to increase oil output from October by 137,000 barrels per day, a much lower clip compared to the 555,000 bpd increase announced for August and September and 411,000 bpd in June and July. That meant that the group has started unwinding the second tranche of 1.65 million bpd in production cuts more than a year ahead of schedule, having fully unwound the first tranche of 2.5 million bpd since April. The eight members of OP…

Oil falls to four-month lows on potential OPEC+ production boost, higher U.S. stocks (USO:NYSEARCA)

Crude oil futures stumbled to their third straight daily loss on continuing worries over a potential OPEC+ production increase, while government data showed US crude inventories rose.

Oil Holds Decline as US Stockpiles Expand Ahead of OPEC+ Meeting

Oil fell to the lowest in nearly five months as OPEC+ is expected to agree on restoring more idled supply in a meeting over the weekend, while the ongoing US government shutdown fueled risk-off sentiment.

OPEC+ to Weigh 500,000 Barrel Daily Output Hikes

OPEC+ will discuss fast-tracking oil production increases when members meet Saturday, with delegates indicating the group may approve monthly hikes of approximately 500,000 barrels per day over three months, according to sources familiar with the matter. OPEC+ TO DISCUSS 500K B/D HIKE A MONTH OVER 3 MONTHS: DELEGATE— Energy Headline News (@OilHeadlineNews) September 30, 2025 The proposal, set to be reviewed at the October 5 meeting, would signi…

Oil slides to 17-week low on US and Asia economic worries, and expected OPEC+ production increase

NEW YORK: Oil prices fell to a 17-week low on Wednesday, down for a third straight day on a U.S. government shutdown fed worries about the global economy, while traders expected more oil supply to come on the market with a planned output boost by OPEC+ next month. Brent crude futures fell 72 cents, or 1.1%, to $65.31 a barrel at 10:39 a.m. EDT (1439 GMT). U.S. West Texas Intermediate (WTI) crude fell 68 cents, or 1.1%, to $61.69. Brent was heade…