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

The meeting involved eight OPEC+ countries that previously announced additional voluntary adjustments in April and November ...

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 ...

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

OPEC and its allies are once again faced with a difficult choice next week--extend production cuts or increase its own market ...

Crude and condensate production rose 13% in February to 2.12M bpd, driven by the Tengiz field expansion despite OPEC+ curbs.

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

Oil prices declined for the third consecutive day after U.S. crude oil stocks posted a larger-than-expected build, adding to worries about a looming return of more OPEC+ barrels to the market ...

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

The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) have decided to proceed with a planned oil ...

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 ...