OPEC oil output rose in May, a Reuters survey found, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction and Saudi Arabia and the United Arab ...

OPEC+ is accelerating its oil production increases, aiming to fully unwind its 2023 supply cuts by September, risking an oversupplied market and pressuring U.S. shale producers.

* Iran wants OPEC to cut output by 1-3 million bpd PERTH, Oct 20 (Reuters) - Oil extended gains and hovered above $72 a barrel on Monday, bolstered by expectations OPEC could cut output at an ...

0843 ET – Oil futures add to overnight gains after OPEC+ agreed at the weekend to unwind another 411,000 barrels a day of output cuts in July, which was widely expected and largely priced in ...

OPEC+ nations said they agreed to "reaffirm the level of overall crude oil production for OPEC and non-OPEC Participating Countries" as agreed during the alliance's December meeting. The OPEC+ ...

Oil futures were lower for a third session with prospects of increased output and easing demand keeping buyers at bay.

Compliance with the supply-cut deal was 94 percent in February among OPEC and non-OPEC oil producers combined, Russia’s Novak said. Russia is committed to cuts of 300,000 bpd by the end of April ...

CAIRO, Egypt - OPEC held off on announcing new oil output cuts on Saturday, but its alarm over falling demand and a slumping economy potentially laid the groundwork for a ...

Global oil markets are again showing the impact of emotions and misinterpretation. The so-called surprise production increase taken by eight (8) leading members of OPEC is, in principle, not ...

The OPEC+ coalition has been operating a group-wide production agreement, along with two output cuts that are only informally tackled by an eight-member subset of the organization.

Oil prices rose shortly after the ending of the OPEC+ meeting. The Ice Brent contract with July expiry closed at $64.90 per barrel, up 81 cents or 1.26%. Front-month July Nymex WTI futures settled ...