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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.

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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.

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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

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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.

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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

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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.

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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+.

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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.”