As OPEC+ debated whether to keep oil output steady due to weak global demand or pump more in response to internal pressure ...

OPEC+ decided to increase oil output for the first time since 2022, influenced by record production in Kazakhstan. The ...

Kazakhstan intends to compensate for the overproduction of oil ahead of schedule from January 2024 within the OPEC+ deal, the press service of the country's Energy Ministry said. "Kazakhstan will take ...

OPEC+ has once again confounded expectations. Traders and analysts at a London industry event last week were nearly unanimous ...

This gradual increase may be paused or reversed subject to market conditions', a statement posted on OPEC's site noted.

The country is ready to settle disagreements and has always been open for talks with Western oil companies over arbitrations, ...

A group of oil-producing countries known as OPEC+ will proceed with a long-delayed hike in oil production. Eight countries ...

Eight OPEC countries, including Saudi Arabia and Russia, solidify their commitment to oil market stability. They confirmed ...

The increase is the first since 2022 by OPEC+, which includes the Organisation of the Petroleum Exporting Countries, Russia ...

UAE affirms commitment to full conformity with additional voluntary production adjustments approved by OPEC+ ...

Kazakhstan intends to compensate for the overproduction of oil ahead of schedule from January 2024 within the OPEC+ deal, the press service of the country's Energy Ministry said.

Kazakhstan, a member of OPEC+, is currently producing oil at a record high, significantly exceeding its target set in agreement with the producer group. This surge in production comes after American ...