Saturday, August 29, 2026
(John Kemp is a Reuters market analyst. The views expressed are his own)- oil and gas 360

Hedge funds dump oil, prompting OPEC to signal ‘tweak’: John Kemp

Reuters LONDON  – Hedge funds dumped many of their remaining petroleum positions last week as the surging number of coronavirus cases and fresh lockdowns fuelled fears of a second recession in the United States and Europe. In response, Saudi Arabia’s oil minister has said the OPEC+ production agreement could be “tweaked”, implying the presently scheduled increase due to take effect