The organization’s decisions often garner headlines because, in our experience, many see OPEC+ as the primary determiner of ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...

OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its forecast for growth in oil supply from the United States and other producers ...

Opec does two things well: produce oil and manage the market to its advantage. The cartel has long held that cutting production and keeping the oil price high beats selling more barrels at lower ...

With low running costs and government support, EVs are becoming increasingly attractive, indicating a broader trend of ...

OPEC’s report also found production by OPEC+ rose in May by 180,000 bpd to 41.23 million bpd, less than the 411,000 bpd hike called for by the group’s increase in its May quotas.

LONDON/MOSCOW: OPEC said on Monday it expected the global economy to remain resilient in the second half of this year despite concerns about trade conflicts and trimmed its forecast for growth in oil ...

OPEC also said supply from countries outside the Declaration of Cooperation – the formal name for OPEC+ – will rise by about 730,000 barrels per day in 2026, down 70,000 barrels per day from ...

Even countries whose economies rely heavily on petrol is making the switch to EVs. Read more at straitstimes.com. Read more ...

Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices. The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and may be ...

Michigan gas prices dropped to $3.08 a gallon, below the national average of $3.14 a gallon and 13 cents less than a week ago, as the OPEC Plus oil cartel announced plans to accelerate increases ...

Last month, following a collapse in the price of Brent crude to a four-year low, Saudi Arabia and its OPEC-plus partners announced their second consecutive monthly supply hike.Doubtless this will ...