The Organization of the Petroleum Exporting Countries and allies are expected to go ahead with their plan of increasing oil ...

This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.

OPEC said on Wednesday that Kazakhstan led a sizeable jump in February crude output by the wider OPEC+, highlighting a ...

OPEC+ has announced a new schedule for seven member countries to implement additional oil output reductions to compensate for pumping above agreed levels.

Kazakhstan contributed more than a half of overall OPEC+ oil production rise in February, lagging behind its pledges to ...

OPEC+ has been cutting output by 5.85 million barrels per day, equal to about 5.7% of global supply, agreed in a series of ...

Oil prices dropped on Monday as the market anticipated either an increase or decrease in supply by the Organization of the Petroleum Exporting Countries and allies (OPEC+), while also assessing the ...

Oil markets are currently reacting to potential Russia-Ukraine ceasefire, increased OPEC+ output, and US threats of tariffs ...

Seaborne fuel exports from Gulf OPEC+ members Iraq, Kuwait, Oman, Saudi Arabia and the United Arab Emirates hit at an ...

MOSCOW. March 12 (Interfax) - OPEC+ countries participating in the agreement boosted oil production by 313,000 barrels per day to 35.5 million bpd in February, according to OPEC's monthly report.

The Organisation of the Petroleum Exporting Countries (OPEC+ ... These reductions are set to continue until June 2026. OPEC+, which includes OPEC members, Russia and other allies, has been ...

OPEC forecasts additional global refining ... Through higher fuel exports, OPEC+ countries have been able to expand market share despite the crude cuts, analysts say. Higher diesel exports from ...