Global oil prices climbed sharply as escalating tensions in the Middle East and disruptions to shipping through the Strait of Hormuz heightened fears of supply shortages, pushing crude benchmarks to their highest ...
Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia (OPEC+), are considering a major output boost on March 1 meeting, potentially surpassing the slated 411,000 barrels per day ...
OPEC+ is inclined to resume gradual oil production increases starting in April, according to three sources within the alliance, as the group positions itself ahead of stronger summer demand and firmer prices linke ...
Eight OPEC+ member nations agreed to maintain their pause on planned oil production increases during a virtual meeting held on February 1. The group cited seasonal demand factors and ongoing market uncertainty as ...
Eight leading OPEC+ members, Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, agreed to pause their planned production increases for January to March 2026, citing seasonal demand pattern ...
On the sidelines of the ADIPEC 2025 Exhibition and Conference in Abu Dhabi, Karim Badawi, Minister of Petroleum and Mineral Resources, met with Haitham Al Ghais, Secretary General of the Organization of the Petrol ...
Eight OPEC+ member countries—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—have agreed to raise oil output by 137,000 barrels per day (bbl/d) in November 2025. The Group increased out ...
OPEC+ is expected to approve another production hike of at least 137,000 barrels per day (b/d), at its upcoming meeting on Sunday, three sources familiar with the discussions told Reuters. The move comes as higher ...
The eight OPEC+ countries have decided to continue to increase oil production in October by 137,000 barrels per day (bbl/d), which is lower than the increases of September and August of by about 555,000 bbl/d, ac ...
The eight OPEC+ member countries decided to raise oil production by 547,000 barrels per day (bbl/d) in September 2025 from the August 2025 required production level. This adjustment was the result of the steady gl ...
