#OPEC+ — FinScans

News 🏭 Commodities

Oil Prices Plunge as Stunning Reversal Stirs Global Glut Fears

July 4, 2026 (84 days ago)

Oil's sudden price reversal stokes oversupply fears, with WTI and Brent plummeting as rising inventories and weak demand signal a global glut;…

USOIL UKOIL XLE +1

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News 🏭 Commodities

Iran’s Floating Crude Hoard Hits Record as China, India Cut Imports

July 2, 2026 (86 days ago)

Iran’s floating oil stockpile hits record highs as China and India cut imports, deepening the crude supply glut and weighing on global…

USOIL

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News 🏭 Commodities

Goldman Sachs Warns of Returning Oil Glut, Sees Prices Under Pressure

July 1, 2026 (86 days ago)

Goldman Sachs forecasts an oil market oversupply by late 2026 due to surging non-OPEC output and weakening demand, threatening to push Brent…

USOIL UKOIL XLE +2

Saudi Aramco Spot Sales Signal Supply Surge; Crude Under Pressure

July 1, 2026 (87 days ago)

Saudi Aramco's unusual spot oil sales and accelerated shipments hint at oversupply, weighing on crude oil futures in the near term.

USOIL UKOIL

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News 🏭 Commodities

Goldman Flags 2026 Oil Surplus as Global Stockpile Rebuilds Fall Short

July 1, 2026 (87 days ago)

Goldman Sachs flags a 2026 oil surplus as OPEC+ and US shale supply flood the market, overwhelming demand and strategic stockpile purchases,…

USOIL UKOIL

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News 🏭 Commodities

Record Russian Crude Exports Push Oil Prices to Six-Month Low

June 30, 2026 (88 days ago)

Russia's record crude exports are flooding the global oil market, driving Brent below $65 and WTI below $70 to multi-month lows, challenging…

USOIL UKOIL XOM

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News 🏭 Commodities

Abu Dhabi Proposes Market-Based Oil Pricing System to Replace Legacy Benchmarks

June 30, 2026 (88 days ago)

Abu Dhabi's proposed market-based oil pricing overhaul seeks to modernize crude trading, boosting transparency and challenging traditional benchmark mechanisms.

UKOIL USOIL

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News 🏭 Commodities

Iraq's 14 Million Barrels of Trapped Oil Hit Market Through Strait of Hormuz

June 29, 2026 (88 days ago)

Iraq's 14 million barrel oil release through Hormuz adds supply pressure on crude benchmarks USOIL and UKOIL, risking further downside amid fragile…

UKOIL USOIL

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News 🏭 Commodities

Saudi Arabia Ramps Up Oil Exports as Gulf Ports Restart Operations

June 26, 2026 (92 days ago)

Saudi Arabia's ramped-up oil exports following port restarts threaten to deepen the crude supply glut and weigh on prices.

USOIL UKOIL

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News 🏭 Commodities

Why Oil Never Reached $200 Despite Iran War: Rory Johnston Explains

June 26, 2026 (92 days ago)

Rory Johnston explains that US shale production, strategic oil releases, and demand erosion prevented crude from reaching $200 following the Iran war,…

USOIL

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News 🏭 Commodities

Iraq Threatens OPEC Exit Unless Oil Output Quota Raised, Weighing on Crude

June 25, 2026 (93 days ago)

Iraq's threat to leave OPEC unless its oil output quota is raised injects fresh uncertainty into crude markets, with Brent and WTI…

USOIL UKOIL

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News 🏭 Commodities

Saudi Arabia Restarts Ras Tanura Oil Exports, Boosting Global Crude Supply

June 25, 2026 (93 days ago)

Saudi Arabia restarts Ras Tanura oil exports, boosting global crude supply and weighing on prices.

USOIL UKOIL XLE

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