Opec+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped – and then retreated – following ...

OPEC+ nations, led by Saudi Arabia and Russia, will boost crude output by 548,000 barrels per day in August. This decision ...

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

Opec+ has since decided to continue with more than planned hikes. “The announced increase in production since May of this year is three times higher than the alliance’s initial plan.

Steps taken by the OPEC+ group to boost oil supplies have proved astute, given developments in the Middle East conflict, according to Rosneft PJSC Chief Executive Officer Igor Sechin.

The OPEC Fund is working across regions to enable tangible, lasting improvements of people’s lives.” The latest approved projects include: Public Sector Operations Argentina: A US$25 million loan will ...

The OPEC forecast for annual change in US tight oil output has been revised from last month’s MOMR, with 2024 higher by 10 kb/d, 2025 is 34 kb/d lower, and 2026 is 73 kb/d lower.

Daily oil production by Iran amounts to around 3.3 million barrels per day, according to data from OPEC. Meanwhile, analysts also said risks run high in the Strait of Hormuz trade route.

OPEC stated on Monday that it expects the global economy to be resilient in the second part of this year despite trade conflict concerns. It also lowered its forecasts for the growth in oil production ...

He said that previous Opec production hikes in April and May, which saw production rise from 411,000 bpd instead of the initial plan of 138,000 bpd, failed to raise export volumes.