Analyst: Oil To Hit $120 Again By Winter | Aug 8, 2022 at 3:30 PM

By the time winter sets in, the market is going to become extremely tight and the per-barrel price of oil should return to around $120, Energy Aspects’ Amrita Sen told Bloomberg Surveillance on Monday.

OPEC+ cautious decision related to uncertainties, market balance

TASS Russian News Agency | Aug 3, 2022 at 4:59 PM

The cautious decision of OPEC+ to increase oil production quota by just 100,000 barrels per day in September for all countries in total was taken in view of certain concerns and the unstable market situation, Russian Deputy Prime Minister Alexander Novak said on Wednesday in an interview with the Rossiya-24 TV Channel.

OPEC+ considers increasing oil production

TASS Russian News Agency | Aug 3, 2022 at 3:38 PM

Participants in the OPEC+ deal may consider increasing oil production, Minister of Energy of Kazakhstan Bolat Akchulakov announced at a briefing on Wednesday.

OPEC meets amid output struggles, US pressure for more oil

Euractiv | Aug 3, 2022 at 11:54 AM

The OPEC+ is set to meet on Wednesday (3 August) amid market expectations for a steady or a slight increase of oil output as most of its members are already pumping near capacity and cannot meet U.S. calls for bigger production to help address soaring prices.