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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.

Business

Reuters
Jul 07, 2025

Oil rises as tight market supports despite big OPEC+ hike

The Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, agreed on Saturday to raise production by 548,000 barrels per day in August

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.

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

AFP
May 05, 2025

Oil prices slide after OPEC+ output hike

tock markets were mostly down in holiday-thinned trading ahead of central bank decisions later in the week, while shares in film companies fell after Trump announced tariffs on movies.

Business

Reuters
May 05, 2025

Oil drops more than $2 per barrel as OPEC+ accelerates output hikes

Barclays lowered its oil prices forecast by $4 to $66 a barrel for 2025 because of the accelerated phase out by OPEC+.

Latest

AFP
May 03, 2025

Oil prices to drop as OPEC+ hiking production in June

“Last month’s decision was a wake up call. Today’s decision is a definitive message that the Saudi led group is changing strategy and pursuing market share after years of cutting production.”