65 articles
OPEC+ major producers kept November output quotas at 31.01 million barrels per day, marking the second consecutive month of frozen targets. Analysts note market tightness persists as actual production
OPEC+ agreed in principle to maintain November oil output targets despite Middle East export disruptions. Core members pump below prewar levels, pushing capacity review decisions to 2027.
OPEC+ delegates plan to maintain current oil production quotas for November amid Middle East conflicts impacting output. Oil futures near $100 per barrel as the alliance awaits an audit of members' ca
OPEC+ has delayed its 2027 oil output quota review until mid-November due to disruptions from the US-Israeli war on Iran affecting Middle East capacity expansion. This delay creates uncertainty in pro
Oil prices held steady in Asian trading as investors monitored US-Iran diplomatic progress and recovering Gulf export volumes. Brent crude edged up 0.1% to $98.15 per barrel, while OPEC+ plans to keep
Russia's crude oil production dropped 160,000 barrels per day in August, missing OPEC+ quotas amid intensified Ukrainian strikes on refineries and export hubs, leading to temporary export bans and rat
Oil prices edged higher after US strikes on Iranian tankers and Tehran's plan to tighten control over the Strait of Hormuz raised fears of prolonged trade disruptions, while OPEC+ deferred further out
Seven OPEC+ major producers decided to keep October crude oil output unchanged from September levels to stabilize the market. This marks the first pause in production increases since April.
OPEC+ nations decided to maintain current oil production quotas for October while US-Iran hostilities disrupt Middle East exports. The group plans to audit member production capacities by month-end to
OPEC+ is expected to maintain its current oil output policy for October despite Iran war disruptions. Sources indicate production increases may pause in Q4 while members review capacity baselines for
Russian Deputy Prime Minister Novak announced a slight reduction in oil output this year due to refinery maintenance, revising forecasts to a 17-year low. Despite temporary declines, OPEC+ maintains s
OPEC+ is set to maintain its oil output policy at Sunday's meeting while completing a production cut rollback. The group will focus on 2027 quota negotiations amid geopolitical disruptions affecting g
Middle East conflict reduces OPEC+ market share to 40% via Strait of Hormuz constraints, shifting focus to physical export capacity. This increases volatility for chemical feedstocks and elevates Asia
OPEC+ has lost market influence amid the Iran war due to supply disruptions and blocked export routes. Meanwhile, declining Chinese oil imports have emerged as a key factor balancing global markets ag
OPEC+ approved a September production increase, but analysts warn low global inventories and Middle East geopolitical risks will sustain high oil prices. Supply constraints and shipping disruptions co
Oil prices dropped approximately $4 per barrel following President Trump's announcement of resumed diplomatic talks with Iran regarding the Strait of Hormuz. Concurrently, OPEC+ finalized an increase
Oil prices dropped $4 per barrel after President Trump paused military action against Iran to seek a nuclear deal, easing Strait of Hormuz concerns. OPEC+ approved a production quota increase despite
Oil prices plunged after President Trump canceled a planned attack on Iran to pursue diplomatic talks reopening the Strait of Hormuz. Brent crude fell 7.3% to $81.55 while OPEC+ approved production qu
OPEC+ approved a 188,000-barrel daily quota increase to complete the unwinding of 2023 production cuts, aiming to replenish depleted stockpiles amid Middle East tensions. The decision provides leeway
OPEC+ nations agreed to a symbolic 188,000 barrels-per-day production increase for September. This move aims to replenish depleted stockpiles and stabilize fuel costs amid ongoing Middle East tensions
OPEC+ plans to increase production by 188,000 barrels per day in September before pausing further hikes. This completes a rollback of 2023 supply cuts while members review 2027 capacity baselines.
OPEC+ members plan to approve a 188,000-barrel daily production increase in September, completing their voluntary cut rollback plan. However, quotas will remain unchanged until January 2027 due to ong
OPEC+ is likely to pause oil output hikes after September through 2026, pending talks on 2027 quotas. Sources indicate further discussion is needed before finalizing future production levels.
OPEC+ delegates intend to pause oil production quota hikes after September, citing supply uncertainties from the Iran conflict. Recent volatility in Brent prices and tanker attacks further influence t
OPEC+ plans to increase oil output targets by roughly 188,000 barrels per day in September despite regional conflicts, aiming to regain market share while prices hit $100 per barrel.
OPEC+ core members agreed to raise collective oil production targets by 188,000 barrels per day starting in August, led by Saudi Arabia and Russia. This marks the fifth consecutive month of quota incr
Seven OPEC+ nations agreed to increase oil production by 188,000 barrels per day in August, marking the fifth consecutive monthly hike. This decision comes as Brent crude prices fall below $72 amid ea
US stock futures advanced as semiconductor stocks stabilized and oil prices fell after OPEC+ agreed to increase output targets. Brent crude futures dropped 0.5% to $71.76 per barrel, hovering near fou
OPEC+ approved an additional 188,000 barrels per day production quota, fueling market bets on a crude supply glut.
Seven OPEC+ member states agreed to increase daily crude oil production by 188,000 barrels in August, marking five consecutive months of output hikes. The group aims to balance market expectations whi
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