OPEC+ is expected to agree on a plan that would see production for the group increase in May, OPEC+ sources told Reuters on ...

OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping ...

Members of OPEC+ are planning to gradually unwind production curbs in April, which would add supply and could lead to lower prices.

This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.

Oil prices fell about 2% to a 12-week low on Monday on reports OPEC+ will proceed with a planned oil output increase in April ...

OPEC+ just blinked after its long standoff with ... month attempt to prop up prices at the expense of market share. Eight member countries are set to bring back 2.2 million barrels a day of ...

OPEC+ member Kazakhstan is producing at a record high and well above its target, as agreed with the producer group after U.S. oil major Chevron finished a major expansion at the country's Tengiz ...

Still, near-term oil prices are directionally tough to call, for several reasons: US sanctions against OPEC+ member Venezuela have reversed Chevron’s CVX ability to operate there. Russian deputy ...

the only member of the oil cartel today, after the withdrawal of Ecuador in 2020. “President Lula confirmed our entry into the OPEC+ cooperation council,” said Silveira de Oliveira in a video ...