Eight OPEC+ countries have agreed to continue oil production increases with a 411,000 bpd adjustment for July. Saudi Arabia, ...

The Organization of the Petroleum Exporting Countries and their allies decided on Saturday to raise output by 411,000 barrels per day in July, the third month the group known as OPEC+ increased by the ...

Oil advanced as OPEC+ hiked production less than some had feared and geopolitical concerns flared over Ukraine and Iran.Most ...

Eight OPEC+ countries commit to stabilizing the oil market with production adjustments amid steady economic outlook.. OPEC+ ...

Crude oil futures rise as Ukraine launches drone attacks on Russian airbases, impacting oil market and geopolitical tensions.

The eight countries held an online meeting on Saturday to set July production. They also discussed other options, an OPEC+ ...

The production increases come after OPEC+ voluntarily cut output totaling 2.2 million barrels a day starting in January 2024 to support stability and balance in the oil market. It began phasing out ...

OPEC+, the influential alliance of oil-producing nations led by Saudi Arabia and Russia, has confirmed plans to increase oil ...

Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July. They ...

OPEC+ includes OPEC members and allies such as Russia. They began their current round of output increases in April. While the ...

Eight members of the OPEC+ oil producing countries have begun to unwind some of their output restrictions. They are looking to ...