World oil output without the US increased by 692 kb/d to 68,304 kb/d. November’s production is expected to increase by 238 kb ...
OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market ...
Saudi Arabia raised its production by 54,000 bpd to 10.262 million bpd in March ... In terms of expected supply from non-OPEC producers this year, OPEC revised down its supply growth estimate ...
Since last May OPEC and Russia's +10 have been increasing oil production, following a full year freeze, given the plunge of demand caused by the coronavirus. In April 2020, OPEC and Russia's 10 ...
The US expects bigger oil surpluses than it previously projected for this year and in 2026, driven by continued growth in American and non-OPEC production and projections that sanctions won’t ...
The cartel stuck to its oil-demand forecast after reaffirming plans to gradually hike output from April, but said Trump’s trade policy was injecting a dose of uncertainty into markets.
The Opec+ alliance has stuck to its production policy amid pressure from US President Donald Trump to lower crude prices by ...
OPEC+, which includes OPEC, Russia and their allies, has deepened cuts, reducing production by almost 6 million bpd in a series of steps since 2022 to support the market. The latest OPEC+ cut of 2 ...
OPEC+ has decided to stick to its scheduled production plan despite rising oil prices and pressure from President Trump to ...
(Bloomberg) -- OPEC forecast another ... to revive halted production, ultimately restoring roughly 2 million of barrels a day over the course of the next two years. However, the cartel’s bullish ...
The international benchmark Brent crude decreased by 0.4%, trading at $81.30 per barrel at 10.32 a.m ... Meanwhile, OPEC’s latest report pointed to a rise in crude production, further weighing ...