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Business

Reuters
Oct 03, 2025

OPEC+ set for another oil production hike

Saudi Arabia would prefer to see double, triple or even quadruple that figure – 274,000 bpd, 411,000 bpd or 548,000 bpd respectively, as it has the ability to ramp up production quickly and wants to grow market share, the sources said.

Business

AFP
Sep 07, 2025

Key OPEC+ members to boost oil production next month

Oil ministers in the V8 grouping — comprising Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman — decided to increase daily production by 137,000 barrels a day from next month, they said in a statement.

Latest

Reuters
Jul 05, 2025

OPEC+ to hike oil output to 548,000 bpd in August

The group, which pumps about half of the world’s oil, has been curtailing production since 2022 to support the market.

Pakistan

Web Desk
Jun 01, 2025

Price of petrol raised by Rs1 before Eid

The new cost of petrol price in Pakistan is now Rs253.63 per litre.

Latest

AFP
May 31, 2025

OPEC+ announces sharp increase in July oil production

Group will produce an additional 411,000 barrels a day — the same target set for May and then June

Business

Web Desk
Sep 11, 2024

US crude oil prices decline below $66 a barrel

This marks a decrease of over $3.

Pakistan

Web Desk
Jul 01, 2024

OGDCL ramps up oil and gas production at Nashpa-4 well in KP

OGDCL has successfully revitalised the Nashpa-4 well in Khyber Pakhtunkhwa, significantly enhancing its production capacity.

World

Web Desk
Jun 02, 2024

OPEC+ extends deep oil production cuts into 2025

OPEC will spend one year on gradually phasing out cuts of 2.2 million bpd starting from October 2024 until the end of September 2025

Latest

Web Desk
Nov 06, 2023

Saudi Arabia to continue oil production cut

It has been stated in the media reports that the cut decision will be reviewed next month to consider whether to continue the voluntary cut, increase the cut or increase production.