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OPEC+ agrees tiny output rise in setback for Biden

OPEC+ agrees tiny output rise in setback for Biden

OPEC will raise production target by 100,000 bpd starting in September OPEC faces production problems to meet existing targets The United States seeks more production from OPEC to counteract Russia Biden trip, US arms sales failed to persuade DUBAI/LONDON, Aug 3 (Reuters) – OPEC+ will raise its oil output target by 100,000 barrels a day, …

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BASF readies more ammonia production cuts in gas supply crunch

BASF readies more ammonia production cuts in gas supply crunch

A general view of the German chemical company BASF Schwarzheide GmbH in Schwarzheide, Germany, December 10, 2019. REUTERS/Annegret Hilse Sign up now for FREE unlimited access to Reuters.com Record BASF reduced ammonia production in September and is now reducing it further Yara’s ammonia production across Europe is 27% below capacity SKW and Ineos say they …

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Oil rises for a second day on supply tightness concerns

Oil rises for a second day on supply tightness concerns

The model of barrels of oil is seen in front of the rising stock chart in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Sign up now for FREE unlimited access to Reuters.com Record Russia’s Gazprom tightens gas flow to Europe The Fed expects it to raise rates 75 bps on Wednesday Brent premium for US …

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Oil rises $2 as dollar eases, market wary of Fed

Oil rises $2 as dollar eases, market wary of Fed

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File photo Sign up now for FREE unlimited access to Reuters.com Record The US Fed will hold a monetary policy meeting on July 26-27 Libya to increase oil production to …

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