Crude oil production by the 22-member group remained steady in January at 40.63 million barrels per day. Output by the 18 members with quotas grew by 110,000 b/d, putting them 66,000 b/d over their ...

OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government's ...

OPEC+ is unlikely to alter existing plans to raise output gradually when it meets on Monday, delegates from the producer ...

A worst-case scenario for the West would be if OPEC members embargo oil exports to the U.S. and its key allies.

The experts stressed the need for Kuwait and other Gulf nations to diversify their income sources, and attract foreign ...

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 ...

U.S. President Donald Trump is expected to pressure Saudi Arabia and OPEC to lower oil prices, a move that could eventually lead to a new oil price war ...

The only major shift from OPEC + at the meeting was in regard to data sources, with the group moving away from the IEA and favoring Kpler, OilX and ESAI. Market participants will now turn their ...

Iran Calls for OPEC to Unite Against Potential US Oil Sanctions By Elwely Elwelly DUBAI (Reuters) - Iran's President Masoud Pezeshkian urged OPEC members to unite against possible U.S. sanctions ...