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OPEC+ set to make another accelerated oil output hike for August, sources say
The world's largest group of oil producers, OPEC+, is set to announce another big increase of 411,000 barrels per day in production for August as it looks to regain market share, four delegates from the group told Reuters.
Crude oil holds above the 200-day MA as traders await OPEC’s decision and summer demand signals. Inventory draws and China’s ...
The Organisation of the Petroleum Exporting Countries (Opec) said it expected the global economy to remain resilient in the ...
OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its ...
The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand ...
Iran is ranked third, possessing 208,600 million barrels, or 208 billion barrels. Iraq takes fourth place with 145,019 ...
Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...
Crude oil had been holding gains, but recent market talk that OPEC and its allies are weighing another "super-sized" increase has sent West Texas Intermediate lower after topping out at more than ...
The Gulf states are looking beyond oil and the internal combustion engine.
Iran, a founding member of OPEC in 1960, has lost influence in the oil cartel that provides 36% of the world's production as the Islamic Republic's status eroded over decades due to sanctions and its ...
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