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+ 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 ... of OPEC Plus, is signaling that it is reluctant to hold back millions of barrels a day of oil that it could produce, especially when other members of the ...

Major oil producing group OPEC Plus says it will accelerate production ... They agreed to raise output by 411,000 barrels per day in June. The move follows a bigger-than-planned production hike ...

A slowdown in supply growth outside OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia ... drive supply growth, OPEC expects total oil output to rise by about ...

The Organisation of the Petroleum Exporting Countries’ oil output ... comprises OPEC and its allies, including Russia, beginning in April to unwind its most recent layer of output cuts.

OPEC projects an 800,000 bpd increase in non-OPEC+ oil supply for both 2025 and 2026, down 100,000 bpd from previous estimates. Upstream investment in non-OPEC+ producers is set to decline by 5% ...

LONDON, May 8 (Reuters) - OPEC oil output edged lower in April despite ... beginning in April to unwind its most recent layer of output cuts. The group plans to accelerate the hikes in May and ...

They want to punish cartel members that have ... both the stock and the oil markets, though oil prices have since waned. That is partly because OPEC Plus is raising output at the same time that ...

The Organization of the Petroleum Exporting Countries cut its forecast for oil demand growth just days after boosting output, citing the impact of U.S. tariffs. OPEC now expects demand to rise by ...