Friday, August 14, 2026
Oil extends gains as major producers flag capacity limits- oil and gas 360

Oil extends gains as major producers flag capacity limits

CNBC Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly while political unrest in Libya and Ecuador added to those supply concerns. U.S. West Texas Intermediate (WTI) crude futures rose 1.7% to $111.44 a barrel, extending a 1.8% gain in the previous

France’s Macron tells Biden that UAE, Saudi pumping near oil limits- oil and gas 360

France’s Macron tells Biden that UAE, Saudi pumping near oil limits

World Oil (Bloomberg) — French President Emmanuel Macron said that the United Arab Emirates’ ruler confided to him that OPEC’s two leading oil exporters are already pumping almost as much oil as they can. The UAE is “at maximum” output and neighboring Saudi Arabia can promptly add only about 150,000 barrels a day, Macron said, relaying a conversation with Sheikh