Energy
OPEC+ to keep November oil output targets steady
The move by OPEC+ was in line with expectations that further output policy adjustments are unlikely until next year.
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Latest on OPEC
Newest firstEnergy
OPEC+ agrees to keep November oil output targets steady
Gulf OPEC+ producers have been pumping well below output targets in the face of continuing export disruptions from the US-Israeli war on Iran.
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OPEC+ keeps oil output policy unchanged for October
The meeting of seven core OPEC+ members comes as the Iran war continues to disrupt oil exports through the Strait of Hormuz, limiting OPEC+'s influence over pr…
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OPEC Plus to Keep Oil Production Steady
The decision on Sunday by the cartel of oil-producing nations and some of its allies came after the resumption of U.S. and Iranian military strikes in the Pers…
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OPEC+ agrees to September oil hike, completing rollback of voluntary cuts
OPEC+ approved an oil production quota increase on Sunday of around 188,000 barrels per day from September, the producer group said.
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OPEC agrees September oil hike, completing rollback of voluntary cuts
Due to export disruptions from caused by the Iran and Ukraine wars, monthly OPEC+ hikes over most of this year have had little impact on the market.
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OPEC+ may keep lifting its oil output quotas as the Iran war broadens. Why that won't help lower prices.
The Organization of the Petroleum Exporting Countries and its allies may decide Sunday to lift their oil production quotas for a sixth straight month - but fin…
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OPEC+ approves further oil output increase as Strait of Hormuz exports recover
The oil-producing group agreed during an online meeting to increase quotas by 188,000 barrels per day from August, on top of similar increases for June and Jul…
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7 OPEC+ countries agree to expand monthly oil production modestly as prices slide
A handful of countries in the OPEC+ oil-producing alliance are planning to increase their outputs modestly next month
Energy
OPEC+ raises output levels again despite tumbling crude prices
Major oil producers on Sunday agreed once again to modestly increase their crude production, although, as in previous months, the hike is largely symbolic unti…
Energy
OPEC Plus Pledges to Pump More Even as Oil Prices Fall
The cartel's decision comes as U.S.-Iran talks to end the war have eased pressure on oil supplies, even as broader market and political volatility persists.
Energy
OPEC+ set to approve another oil output increase, sources say
The oil-producing group has agreed in principle to increase quotas by 188,000 barrels per day from August, two sources told Reuters.
Energy
Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit
Iraq is threatening to quit OPEC over its production quota, and EU officials are headed to Baghdad for energy talks as the standoff escalates.
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A world rejecting OPEC controls could usher in oil below $50 a barrel
Iraq's hint that it could exit OPEC is yet another source of potential tumult for the global oil market in 2026.
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OPEC chief dismisses IEA supply glut forecast as 'critical' Strait of Hormuz reopens
The IEA said on Wednesday that a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year.
Energy
OPEC Plus to Boost Oil Production as Ceasefire in Iran Remains Elusive
The cartel's move to increase output by 188,000 barrels per day is largely symbolic, with vast amounts of the world's oil stranded by the effective shutdown of…
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OPEC+ set for fourth oil quota hike since Strait of Hormuz closure, sources say
Seven members of OPEC+, which groups OPEC and allied producers including Russia, increased output quotas from April to June by almost 600,000 barrels per day.
Energy
Oil rises as IEA flags greater volatility ahead, OPEC cuts demand forecast
OPEC cut its demand growth estimates for 2026 to about 1.2 million barrels per day.
Energy
OPEC sees slower demand growth this year as production falls more than 30% on Hormuz closure
Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.
Energy
OPEC+ agrees on third oil output quota hike since Hormuz closure
Seven OPEC+ countries will raise oil output targets by 188,000 barrels per day in June, the third consecutive monthly increase, OPEC+ said in a statement
Energy
OPEC+ announces modest boost in oil production. But here's why it's a mostly symbolic move.
In a largely symbolic move, the OPEC+ nations announced Sunday that they would slightly increase crude production in June, as the war with Iran continues to st…
Energy
OPEC+ countries agree modest rise in production as Iran retains chokehold on key Strait of Hormuz
The production increase in June is part of a commitment to "market stability."
Energy
OPEC Plus, in Symbolic Gesture, to Increase Oil Production
The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
Energy
OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE
Concerns around production were amplified further last week with news of the UAE's shock departure.
Energy
OPEC+ set for another oil output quota hike despite Hormuz closure, sources say
The output increase will remain largely on paper as long as the U.S.-Iran war continues to disrupt Gulf oil supplies.
Energy
The Real Meaning of the UAE's OPEC Exit
The geopolitical realignment goes much deeper than just oil markets.
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Could the UAE's shock exit from Opec cause an oil price war?
A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to come. The conflict in the Middle East has claime…
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Why the U.A.E. is Quitting OPEC
The United Arab Emirates is walking away from OPEC this May. The New York Times' energy reporter, Rebecca Elliott, breaks down how the war with Iran provided t…
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In five charts - How UAE's exit could affect Opec's influence over the oil price
The BBC takes a look in charts at what the UAE's departure could mean for the oil cartel and more widely.
Energy
UAE's departure from the OPEC oil cartel is not without precedence. Who could be next?
The United Arab Emirates' decision to leave OPEC is reverberating across global energy markets, sparking questions on who else could follow.
