Behind OPEC+'s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing ...

5 (Xinhua) -- Eight member countries of the OPEC+ oil-producing group decided Thursday to extend their voluntary output cuts by two months ... Exporting Countries (OPEC) and its allies.

OPEC's latest report projects slower oil supply growth from non-OPEC+ producers due to declining upstream investments in 2025 ...

Kazakhstan has no plans to reduce its record-high crude and condensate output in May, further straining the OPEC+ alliance by ...

LONDON (Reuters) -OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan ... drop among OPEC members in April ...

OPEC+ shocked oil markets in April by agreeing to a bigger-than-expected output hike for May despite weak prices and slowing demand. OPEC’s ... bpd portion of cuts by eight members.

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

A new report by Reuters, which was published on Sunday, said the countries may unwind their 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance ...

Major oil producing group OPEC Plus says it will ... including OPEC member Saudi Arabia and non-member Russia, met online on Saturday. They agreed to raise output by 411,000 barrels per day ...

Bloomberg reported that Saudi Oil Minister Prince Abdulaziz bin Salman during the meeting invoked the 1973 oil embargo imposed by OPEC that drove oil prices soaring.

OPEC+ output hikes, however, also come as the best quality shale areas in the biggest U.S. oilfield, the Permian, have been ...