OPEC+ raises oil production by 548K barrels/day in August amid steady economic outlook & low inventories. Read more here.

OPEC+ accelerates oil production to capitalize on summer demand, raising questions about long-term strategy and market share.

The Organization of the Petroleum Exporting Countries and its allies, or OPEC+, said that it has agreed to raise oil output ...

At a virtual meeting Saturday, eight core members led by Saudi Arabia agreed to add 548,000 barrels per day (bpd) to global supply—exceeding earlier expectations of a 411,000 bpd hike.

OPEC+ announced a significant oil production hike of 548,000 barrels per day (bpd) for August, accelerating its output ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

MOSCOW, July 5. /TASS/. Eight OPEC+ countries adhering to voluntary oil production cuts have decided to increase production in August by 548,000 barrels per day, which is equivalent to the original ...

Eight OPEC producers agreed to lift crude output by 548,000 barrels per day in August, exceeding the anticipated 411,000 ...

Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with analysts ...

U.S. crude oil inventories rose for the first time in six weeks as imports rose and exports dropped, according to data released by the U.S. Energy Information Administration. Gasoline inventories rose ...

OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether ...