Top oil producers, members of OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies ...

DUBAI: The Organisation of Petroleum Exporting Countries (Opec) has agreed to accelerate oil production hikes for a second ...

The accelerated meeting follows mounting tensions within ... Meanwhile, a Bloomberg survey released Thursday showed that OPEC’s actual output fell by 200,000 bpd in April, down to 27.24 million ...

Rigzone has contacted OPEC for comment on the SEB report ... to the voluntary production adjustments agreed at the 53rd JMMC meeting on April 3, 2024. “They also confirmed their intention ...

Kuwait's oil minister said that the OPEC+ meeting would significantly affect production policy formulation in the coming ...

Bloomberg reported that Saudi Oil Minister Prince Abdulaziz bin Salman during the meeting invoked the 1973 oil embargo ...

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

The Saudi-led OPEC meeting was originally scheduled for Monday, but moved ahead with "less than a day's notice" to Saturday, ...

Crude futures posted back-to-back weekly losses as the market awaits the outcome of the OPEC+ weekend meeting.

The fact the meeting was moved to Saturday from Monday ... although that would still indicate a change in OPEC strategy and the risks are asymmetric, Babin says. “If it’s worse than we think ...

Nigeria’s premium crude oil grades are trading above $65 per barrel as global oil prices hold steady despite OPEC agreeing to ...