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 ...

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 ...

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

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

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

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

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+ ...

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 ...