The oil cartel had aimed to start opening the taps in January, but delayed in the face of weak demand and plans by other countries to raise production. By Stanley Reed Reporting from London Once again ...

OPEC-Plus’s plan to hike production by 411,000 barrels of oil per day in July comes after its recent daily increases totaling 530,000 barrels for the purpose of curbing American production and giving ...

OPEC plus annual average output is expected to rise by about 1179 kb/d from 2024 to 2026, based on the STEO forecast, which is an annual rate of increase of about 590 kb/d. Non-OPEC plus nations minus ...

OPEC+ extends oil production cuts, boosting Brent Crude prices above $75 per barrel. OPEC Secretary General expresses optimism about oil demand despite challenges. US Presidential election and ...

OPEC+ will likely raise oil output again in November as the group continues its strategy to reclaim global market share, according to people familiar with its plans. Image by Torval Mork via iStock ...

The sun begins to set behind crude oil tanks and a pumpjack Tuesday, July 5, 2022 in Midland, Texas. (Odessa American/Eli Hartman) The global oil market just got something of a double boost from a ...

LONDON (Reuters) -OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries' crude intake would remain elevated to meet the ...

The OPEC+ alliance is discussing the idea to make another big production increase in oil production for July, delegates from the group told Bloomberg News on Thursday. OPEC+ has already announced two ...

Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their production quotas by 137,000 barrels per day in November, as they continue to push for greater market share. "In ...

OPEC and a Russia-led group of producers failed to agree on how to meet fast-rising demand from the industrialized world, as the club of rich nations emerges from pandemic lockdowns. This week’s ...

Opec+ has changed strategy to seek market share - Copyright Nepalese Army/AFP - Opec+ has changed strategy to seek market share - Copyright Nepalese Army/AFP - Pol ...