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

The Organization of the Petroleum Exporting Countries (OPEC+) may make an increase in oil output for August at its meeting on Saturday that is larger than the 411,000 barrels per day (bpd) hikes it ...

OPEC+ is set to approve a faster-than-expected increase in oil production for August, with eight core members of the alliance preparing to raise output by as much as 550,000 barrels per day (bpd)—a ...

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

The eight Opec+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely ...