OPEC | Egypt Oil & Gas
OPEC Oil Output Rises in September
Oil production by members of the Organization of the Petroleum Exporting Countries (OPEC) increased by 1.78 million barrels per day (mmbbl/d) month on month (MoM) to 21.49 mmbbl/d in September 2026, driven by increase...
OPEC+ Oil Production Rises 900,000 bbl/d in September Despite Hormuz Disruptions
The Organization of the Petroleum Exporting Countries (OPEC) has reported that crude oil production by OPEC+ members increased by 900,000 barrels per day (bbl/d) month on month (MoM) to average 39.07 million barrels p...
OPEC+ Ministers Urge Enhanced Maritime Security as Freight Rates Surge
OPEC+ ministers have stressed the importance of safeguarding international maritime routes to ensure uninterrupted energy flows, warning that rising shipping and insurance costs are placing additional pressure on the ... OPEC Cuts 2026 Oil Demand Growth Forecast to 400,000 bbl/d
OPEC expects global oil demand to grow by 400,000 barrels per day (bbl/d) in 2026, down from its initial projection of 1.4 million bbl/for, as market developments over the course of the year have prompted a reassessme... OPEC+ Keeps November Oil Output Targets Unchanged as War Limits Supply
OPEC+ agreed to keep its November oil production targets unchanged at a meeting on Sunday, as Middle East export disruptions continue to limit actual output despite higher flows through the Strait of Hormuz. Saudi Ara...
OPEC+ Delays Oil Capacity Review as Iran War Disrupts Expansion Plans
OPEC+ has delayed a review of members’ oil production capacity after the Iran war disrupted projects to expand output across the Middle East, creating uncertainty over estimates that will help set 2027 quotas, accordi... OPEC+ Keeps October Oil Output Policy Unchanged as Iran War Limits Supply
OPEC+ kept its oil production policy unchanged for October as disruptions from the Iran war continue to restrict crude exports through the Strait of Hormuz and limit the group’s ability to influence physical supply. S...
Iraq Targets 8–10 Mmbbl/d Output Within Six Years
Iraq plans to increase crude oil production to 8 million–10 million barrels per day (mmbbl/d) within six years, more than doubling its pre-conflict output of around 4 mmbbl/d, as Baghdad seeks to expand its production...
