OPEC Plus Members Say They Will Fast-Track Oil Output Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of accelerated increases.

OPEC said on Tuesday Chinese oil demand would rebound this year due to relaxation of the country's COVID-19 curbs and drive global growth, and sounded an optimistic note on the prospects for the ...

OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop to output cuts announced this month by OPEC+ producers, shedding some light on the factors behind the surprise ...

LONDON (Reuters) -OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower ...

OPEC has not invited Reuters or Bloomberg news agencies to report on ministerial meetings in Vienna this weekend to discuss future oil policy, according to reporters, Bloomberg and an OPEC source ...

OPEC-Plus’s plan to hike production by 411,000 barrels of oil per day in July comes after its recent daily increases totaling 530,000 barrels for the purpose of curbing American production and ...

Washington sees OPEC Plus’s decision to cut oil production as support for Russia, but Saudi Arabia had legitimate economic reasons for pushing it.

The OPEC+ alliance has agreed to extend output cuts through next year, likely keeping prices high through the November presidential election.

It was barely half a year ago when the member countries of the OPEC+ oil cartel announced plans to unwind deep cuts in production and exports beginning October 1.

Yet again, OPEC has postponed plans to increase oil production until at least the end of the year. That drove oil futures higher on Monday — West Texas Intermediate is trading around $71.50 a ...

OPEC's latest World Oil Outlook (WOO) 2024 makes it clear: peak oil demand is not on the horizon. Despite ongoing discussions around transitioning to renewable energy, OPEC forecasts global oil ...

In May, OPEC’s crude oil production rose by 29,000 bpd compared to April as the OPEC+ group headed for the crucial June 2 meeting to decide output policy for the rest of the year.