Domestic production in October was 4.04 million bpd, up 2.5% from the same month last year, according to data from the ...

World oil production increased by 406 kb/d in July to 81,591 kb/d. For December 2025, production is expected to be 84,634 ...

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though UBS maintains that sluggish demand growth and stable output from non-OPEC sources could still discourage any major increases. “We see the market just about balanced next year with no ...

OPEC's oil production increased in October from its lowest level this year, driven by Libya's recovery of full production following the resolution of its central bank crisis, along with a boost in ...

OPEC chief downplays forecasts of lower oil demand as cartel remains optimistic about consumption. OPEC in October scaled back forecasts of growth in global oil demand by 106,000 barrels per day ...

Crude prices rallied after OPEC and its allies delayed a planned production increase by a month, as Israel-Iran tensions remain heightened, and the U.S. election looms. Dig deeper: ...

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.

It's the culmination of a multi-year period that saw OPEC+ members cut production to support higher market prices, only to be undercut by expanding production from non-OPEC exporters. Looking into ...

OPEC+ are scheduled to increase production by 180,000 barrels per day of oil from December. OPEC has been cutting production by 2.2 million barrels per day voluntarily since the start of 2024.

Bloomberg survey: OPEC production rose by 370,000 bpd in October. Libya’s output recovery led OPEC to raise its production to nearly 30 million barrels daily. Iraq, Iran and Saudi Arabia saw ...

OPEC’s oil production rose last month as Libya restored output that was halted during a brief political crisis. Supplies from the Organization of Petroleum Exporting Countries increased by ...