OPEC+ has approved a production increase of 188,000 barrels per day (bbl/d) for September 2026, completing the phased rollback of the additional voluntary output cuts introduced in 2023 by seven key member countri ...
OPEC+ is expected to pause its planned oil production increases for three months starting in October after completing the scheduled return of barrels to the market in September, Reuters reported, citing sources fa ...
Iraq’s Prime Minister Ali al‑Zaidi said on Tuesday that the country must secure a fair share within the Organization of the Petroleum Exporting Countries (OPEC), responding to reporters who asked whether Baghdad w ...
The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand growth in 2026 to 780,000 barrels per day (bbl/d), marking the third consecutive downward revision, according ...
Seven core members of OPEC+ have agreed to implement a crude oil production adjustment of 188,000 barrels per day (bbl/d) for August 2026, according to a release by Organization of the Petroleum Exporting Countrie ...
Iraq's Ministry of Oil stated that OPEC and its allies have begun gradually restoring Iraq's production quotas, particularly the voluntary cuts, as part of efforts to increase the country's production capacity ove ...
OPEC+ approved a fourth consecutive hike in its oil output targets, even as the ongoing US conflict with Iran continues to block several member states from raising production, Reuters reported.
OPEC+ oil-producing countries are expected to approve an additional increase in their production target for July during their upcoming meeting on Sunday, three sources told Reuters, even as geopolitical tensions a ...
OPEC reduced its forecast for global oil demand growth in 2026, citing the impact of the ongoing war in Iran that has effectively shut the Strait of Hormuz, a critical global oil transit route. The closure has cur ...
Seven OPEC+ countries, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, convened virtually on May 3 to assess global oil market conditions and outlook. The meeting resulted in a collective decisi ...
