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The Numbers Look Bad for Oil Prices. Traders Don’t Seem to Believe Them. - BARRON'S

AUGUST 04, 2025

BY Avi Salzman

Traders are skeptical about how much oil OPEC can pump, and their disbelief is keeping oil prices elevated.

OPEC and allies have vowed to 2.2 million barrels of daily oil production, which should crash the oil market. It hasn’t happened.

MARKET NEWS

August 04 Nigeria’s oil production topped 1.8 million barrels per day in July, regulator says - REUTERS August 04 Ghana raises farmgate cocoa price by 4% for 2025/26 season - REUTERS August 04 Naira records slight depreciation as summer-dollar demand resurfaces August 04 Big reform, bigger risk: Will Nigeria stay on track? August 04 Singapore-West Africa trade jumps 85% to $7.47bn, boosting employment in Nigeria - BUSINESSDAY August 04 Nigerian First HoldCo to Sell Stake Held by Special Purpose Firm - BLOOMBERG August 04 The Numbers Look Bad for Oil Prices. Traders Don’t Seem to Believe Them. - BARRON'S August 04 Bank of England to cut interest rates but faces dilemma on outlook - CITY.A.M August 04 Emerging Markets Assets Gain as Traders Bet on Fed Rate Cuts - BLOOMBERG August 04 OPEC+ Signals Next Move Is Undecided as Tumultuous Chapter Ends - BLOOMBERG August 04 Treasuries Tack Onto Historic Gain Ahead of Quarterly Auctions - BLOOMBERG August 04 Swiss Inflation Unexpectedly Quickens, Offering SNB Respite - BLOOMBERG August 04 High street banks lost £100bn in customer savings to rivals since 2019 – report - P.A.MEDIA August 04 Canada will be spared from 50% copper tariff as U.S. targets China, expert says - BLOOMBERG August 04 The Caribbean islands that give you a passport if you buy a home - BBC August 04 Why some Canadians are buying second passports in the Caribbean, according to experts... (read more) August 04 Sterling advances against dollar, euro ahead of BoE policy announcement - REUTERS August 04 Rupee slips after recovery fizzles out on outflows, oil dollar bids; forward premiums... (read more) August 04 Turkey inflation falls to 33.52% in July, below forecast - REUTERS August 04 BOJ gears up to hike rates again but leaves free hand on timing - REUTERS August 04 Oil Slides as Traders Assess OPEC+ Hike and Russian Risks - YAHOO FINANCE August 04 Gold price forecast raised to $3,500 for the next three months August 04 Dollar steadies after US jobs rout, Swiss franc lower - REUTERS August 04 Big reform, bigger risk: Will Nigeria stay on track? August 04 Swiss Stocks Decline on US Tariffs, Push for Lower Drug Prices - BLOOMBERG August 04 Gold eases on profit taking after rally on US jobs surprise - REUTERS August 04 Bank of England faces inflation challenge as it prepares to cut rates - REUTERS August 04 China to Tax Bond Interest Income After Decades of Exemption - BLOOMBERG August 04 US jobs jolt fans Fed rate cut buzz; rupee to ride dollar slump - REUTERS August 04 Indian rupee seen under pressure on US tariff worries, RBI policy in focus - REUTERS

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