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Oil Market News 28 September 2025 - 3 November 2025

Oil Prices Rollercoaster: Trade War Fears & OPEC Moves Spark 5-Month Lows

Oil Price Rebound as OPEC Freezes Output Hikes: Winners, Losers, and 2026 Outlook

OPEC+ Pumps the Brakes on Oil Output The Organization of the Petroleum Exporting Countries and its allies (OPEC+) took a pivotal turn in policy at a meeting on Sunday, Nov 2. Led by Saudi Arabia and Russia, a core group of eight OPEC+ producers agreed to “nudge” oil output up slightly in December but then freeze any further production increases in January, February and March 2026 theguardian.com. This decision marks a notable shift: throughout 2025, OPEC+ had been gradually unwinding its earlier production cuts – adding nearly 2.9 million barrels per day since April – in an effort to regain
3 November 2025
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Saudi Economy Rockets: IMF Ups Forecast, 5% GDP Growth on the Table – and a Nobel Laureate Boosts Innovation

Oil Market Implodes: U.S. Crude Hits New Lows as Gas Nears $3 (Oct. 31, 2025)

Current U.S. Oil Prices By late October 2025, U.S. benchmark oil prices were falling sharply. WTI crude for November delivery traded around $60–61/bbl (Brent near $64–65) on Oct. 30–31 reuters.com reuters.com. Both benchmarks slid ~1–2% in late Oct., erasing the summer’s gains. A strong dollar, rising OPEC+ output and abundant U.S. supply have outweighed positive demand signals reuters.com reuters.com. Notably, U.S. output reached record highs (about 13.6 M bpd by mid-late Oct.) reuters.com, while API data showed large stock draws (crude down ~4.0M barrels for week ended Oct 24) reuters.com. Gasoline prices reflect the decline: the U.S. national average is near
31 October 2025
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Oil Prices Poised to Plunge in 2026 as Permian Boom Kicks In

Oil Prices Poised to Plunge in 2026 as Permian Boom Kicks In

Permian Surge: “Crown Jewel” of U.S. Oil Production The heart of the story is the Permian Basin, North America’s most prolific shale oil patch. It has been “producing for over 100 years and left for dead two or three times,” as Diamondback Energy’s CEO Kaes Van’t Hof notes, yet today the Permian alone yields over 6 million barrels per day – more than any country except the U.S. and Russia foxbusiness.com. Chevron’s Mike Wirth points out U.S. oil output (led by shale) now exceeds that of Saudi Arabia and Russia combined foxbusiness.com. Under the Trump administration’s energy policies, drilling and pipeline projects
28 October 2025
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Oil Prices Rollercoaster: Trade War Fears & OPEC Moves Spark 5-Month Lows

Oil Prices Rollercoaster: Trade War Fears & OPEC Moves Spark 5-Month Lows

Trade War Volatility Hits Oil Oil markets this week have been buffeted by the ebb and flow of US-China trade developments. On Oct 10, Trump’s threat of massive new tariffs on Chinese imports sent Brent and WTI tumbling over 4%, to lows not seen since May reuters.com. The sell-off reflected a broader shift to “risk-off” sentiment, as UBS’s Giovanni Staunovo noted that Trump’s announcement drove oil down reuters.com. However, reports that a Trump-Xi meeting was back on track (tentatively planned for late October in South Korea) sparked a relief rally on Monday (Oct 13). Brent jumped nearly 1% to $63.32
14 October 2025
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OPEC+ Shocks Market with Oil Output Hike – Analysts Warn of Glut

OPEC+ Shocks Market with Oil Output Hike – Analysts Warn of Glut

Modest November Hike Approved In a virtual meeting on Oct. 5, the OPEC+ alliance (the Organization of the Petroleum Exporting Countries plus Russia and other allies) confirmed that a select group of eight producers – Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman – will raise production by 137,000 bpd in November 2025 wokv.com wokv.com. This boost matches the increase applied in October and is relatively small by historical standards. OPEC+ described the move as a response to “a steady global economic outlook and current healthy market fundamentals,” noting that output adjustments may be paused or reversed
5 October 2025
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