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

In a separate market analysis sent to Rigzone today, Rania Gule, Senior Market Analyst at XS.com - MENA, said, “this move by ...

The euro strengthened and European stocks rose on Monday after European leaders agreed to draw up a Ukraine peace plan, while ...

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

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

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 ...

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

The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely ...

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

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