OPEC+ will probably continue with its production ramp-up next year regardless of where prices are going, according to traders who believe the expected oversupply in crude will not be large enough to discourage OPEC+ from boosting output. Bloomberg surveyed 25 traders and analysts focused on energy and said that 67% of them expected OPEC+ to keep adding to production next year, while the remainder expected the group to suspend or reverse the ramp-up. OPEC+ has been ramping up production after two years of ...

Global crude oil markets are oversupplied, and it’s most obvious in the Americas, especially the US. The futures curve for US benchmark West Texas Intermediate is in a contango structure — in which later-dated contracts trade at a premium to nearer ones — for most of 2026, suggesting weaker demand for prompt barrels. Further signs of healthy supply in the US can be seen in high export volumes. Crude exports for October came in at the highest since July 2024, according to government data. Most Read from B ...

Core Insights - The content emphasizes the importance of conducting personal due diligence before making any financial decisions [1] Group 1 - The website provides general news, personal analysis, and third-party content for educational and research purposes [1] - It explicitly states that the information should not be interpreted as investment advice or recommendations [1] - Users are encouraged to consult their own advisors and consider their financial situations before making decisions [1] Group 2 - The website includes information on complex financial instruments such as cryptocurrencies and contracts for difference (CFDs) [1] - It highlights the high risk associated with these instruments and the potential for significant financial loss [1] - Users are advised to fully understand the workings and risks of any financial instruments before investing [1]

CONCLUDED Stock Market News From Nov. 7, 2025: S&P 500, Dow Recover from Early Slide Subscribe to Barron's Last Updated: 12 hours ago Crude Futures on Track for Weekly Loss Amid Oil Oversupply Fears By Giulia Petroni, Dow Jones Newswires Oil prices were rising in early trading but are on track for a weekly loss of more than 1%, pressured by concerns over excess supply and signs of weaker crude demand in the U.S. Brent was up 1% to $64.04 a barrel, while WTI gained 1.1% to $60.08 a barrel following a choppy ...

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for investment actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research and understand the risks involved before investing in any financial instruments [1].

Core Insights - Sub-$70 oil prices are pressuring major oil companies, leading to potential cuts in shareholder payouts and a reevaluation of $100 billion in annual returns [1][2][3] Group 1: Financial Implications - Global oil majors are expected to reduce dividends as oil prices remain below $70 per barrel, with most needing prices above $80 to maintain current dividend levels [3] - The five leading supermajors (Chevron, ExxonMobil, BP, Shell, and TotalEnergies) plan to spend $108.5 billion on shareholder returns this year, slightly lower than the projected $112 billion for 2024, despite Brent averaging $70 per barrel this year, down from $80 in 2024 [4] Group 2: Operational Adjustments - US oil firms, including ExxonMobil and Chevron, are focusing on job cuts, with ExxonMobil announcing layoffs of 20-25% of its global workforce [4] - Chevron is reportedly seeking to divest $2 billion in pipeline assets in Colorado's Denver-Julesburg shale basin, stemming from its 2020 acquisition of Noble Energy [6] Group 3: Market Developments - Excelerate Energy has been appointed by the Iraqi government to develop the country's first floating LNG import terminal, aimed at enhancing domestic power generation [7] - ExxonMobil is in discussions to re-enter Gabon with an exploration agreement potentially covering six offshore blocks [8] Group 4: Supply Dynamics - OPEC+ has agreed to a modest output increase of 137,000 barrels per day starting in November, maintaining the same increment as in October, amid differing views among top producers [10]

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Core Viewpoint - Crude oil and gasoline prices are experiencing a decline due to concerns over a global supply glut as OPEC+ plans to increase production levels, with the International Energy Agency projecting a record surplus in the oil market next year [1][3]. Group 1: OPEC+ Production Plans - OPEC+ is expected to discuss fast-tracking supply hikes of approximately 500,000 barrels per day (bpd) in three monthly installments starting in November, aiming to reverse a 1.66 million bpd supply cut [2]. - OPEC's crude production rose by 400,000 bpd to 28.55 million bpd in August, marking the highest level in over two years [2]. Group 2: Global Oil Market Outlook - The International Energy Agency (IEA) forecasts a record surplus in the global oil market next year of 3.33 million bpd, which is 360,000 bpd higher than previous projections [3]. - The resumption of oil exports from Iraq's Kurdish region is expected to add 500,000 bpd to global supplies, further pressuring crude prices [4]. Group 3: Demand and Storage Trends - India's crude imports fell by 2.9% year-on-year to 19.6 million metric tons in August, indicating reduced demand from one of the world's largest importers [5]. - Crude oil stored on stationary tankers increased by 3.7% week-on-week to 81.95 million barrels, suggesting a bearish outlook for oil prices [5].