Oil prices
Supply growth from non-OPEC+ producers is projected to decrease, affecting overall market balance.
A decline in oil prices is expected to lead to a decrease in output in 2026
U.S. crude inventories rose by 1.52 million barrels last week, signaling changing market dynamics
Trump extended the tariff truce with China for an additional 90 days, averting duties
If negotiations fail and the conflict persists, markets may see a sharp rebound in oil prices
Higher U.S. tariffs against a wide range of trade partners took effect on Thursday, fueling concerns over weaker global economic activity
U.S. crude stockpiles declined by 3 million barrels to 423.7 million in the week ending August 1
OPEC+ agreed to boost oil production by 547,000 barrels per day for September, ending cuts
Adjusted net income reached $24.5 billion in the second quarter of 2025 and $50.9 billion in the first half of 2025
OPEC+ agreed to increase oil production by 547,000 barrels per day for September
OPEC+ aims to regain market share with significant production increases amid slowing U.S. economy
