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’s crude oil production in May increased less than called for in the OPEC+ agreement which had a large output hike planned for last month. All 12 OPEC members produced 26.75 million barrels ...

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 ...

The US has raised its oil output by over 60% in the past 10 years to 22.71 mln bpd in 2024. OPEC production, meanwhile, has fallen slightly over the same period to 32.39 mln bpd.

OPEC's crude production fell last month despite the group's long-awaited plans to increase, with much of the reduction stemming from looming U.S. sanctions on Venezuela.

President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country's oil industry is actually starting to think about cutting output and jobs due to a ...

Production Quota Achievement: In December 2024, Nigeria’s crude oil production reached 1.5 million barrels per day (bpd), marking the first time it met its OPEC production quota since it was set ...

The OPEC MOMR reports that crude production in October was 764 kb/d, 228 kb/d lower than the EIA’s C + C. The EIA had been reporting flat output of 1,322 kb/d for Qatar since early 2022.

Brent crude, the international benchmark, was trading at $78.11 per barrel as of 3:22 p.m. ET. Even without OPEC's help, analysts expect a major supply glut to weigh on prices through 2025.