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Tag: OPEC

OPEC+ set for another oil production hike
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.

OPEC
Business
  • Reuters
  • Aug 03, 2025
OPEC+ agrees in principle to another large oil output hike

OPEC+ has reached a preliminary deal to increase oil production by 548,000 barrels per day from September, sources said on Sunday.

Wall Street futures rose and the dollar eased in Asia after Trump said Iran and Israel had agreed to a ceasefire, sending oil prices diving.
Business
  • Web Desk Karachi
  • Jun 05, 2025
Global oil investment to drop 6pc in 2025, first decline in a decade

The drop is mostly the result of a “sharp decline in spending on US tight oil,” according to the report.

Bulgaria
World
  • AFP
  • Jun 04, 2025
EU gives Bulgaria green light to adopt euro in 2026

Bulgarian PM Jeliazkov says, the EU’s Wednesday green light for the Balkan country to adopt the euro next year confirmed its progress

OMC sales
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.

oil prices
Business
  • Web Desk
  • Apr 24, 2025
Oil steadies after 2pc drop on potential OPEC+ output increase

Further disagreement between OPEC+ members is a clear downside risk, as it could lead to oil prices war, the ING analysts said.

OPEC+
Business
  • Reuters
  • Feb 24, 2025
OPEC+ risks losing control with more output delays

IEA says, supply growth in 2025 is set to outpace global oil demand, which is expected to rise by 1.1 million bpd after gaining 870,000 bpd the previous year.

The US is set to offer Saudi Arabia an arms package worth well over $100 billion during US President Trump visit to the kingdom in May.
World
  • Reuters
  • Jan 23, 2025
Trump seeks $1 trillion investment from Saudi Arabia

Saudi State news agency says the kingdom wants to put $600 billion into investment and trade with the US over the next four years.

Trump
World
  • Reuters
  • Jan 23, 2025
Trump tells Davos he will demand lower interest rates, oil prices

Trump says via video conference, “I’m also going to ask Saudi Arabia and OPEC to bring down the cost of oil.”

OPEC
Latest
  • Reuters
  • Dec 06, 2024
Oil set for weekly loss on surplus fears despite OPEC+ cut extensions

OPEC and its allies push back the start of oil output rises by three months until April and extend the full unwinding of cuts by a year until the end of 2026

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