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

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

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.

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 ...

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

Iraq and seven OPEC+ member states convened virtually on Monday to assess the state of the global market and its prospects.

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

Oil prices had already been trading lower in the last few weeks, partly because of expectations that US president Donald ...

At the same time, OPEC's policy on production increases remains flexible. "This gradual increase may be paused or reversed subject to market conditions. This flexibility will allow the group to ...

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, announced on ...