UAE crude output nears record following OPEC exit, sources says Published 06 Jul, 2026 05:49pm June’s output was the highest since April 2020
OPEC+ likely to raise oil output targets from August again, sources say Published 01 Jul, 2026 06:42pm The target will increase by about 188,000 barrels per day for August
Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say Published 01 Mar, 2026 08:57pm While military attacks are themselves supportive for oil prices, key factor here is closing of Strait of Hormuz, says Ajay Parmar
OPEC+ may consider larger oil output boost Updated 01 Mar, 2026 02:10pm LONDON/MOSCOW: OPEC+ may consider a larger than planned output increase on Sunday, two sources close to talks said,...
Saudi Arabia boosts oil output Published 26 Feb, 2026 04:57am LONDON: Saudi Arabia is increasing its oil production and exports as part of a contingency plan in case any US ...
OPEC+ to consider 137,000 bpd oil output increase for April, sources say Published 25 Feb, 2026 10:38pm Resumption would allow OPEC leader Saudi Arabia and fellow members, such as the UAE, to regain market share
OPEC+ leans towards resumption in oil output increases from April, sources say Published 13 Feb, 2026 05:16pm Eight OPEC+ producers - Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuwait, Iraq, Algeria and Oman – meet on March 1
Kazakhstan says oil output at Tengiz oilfield resumed Published 31 Jan, 2026 01:16pm Chevron owns 50%, Exxon Mobil 25%, Kazakhstan’s KazMunayGas 20% and Russia’s Lukoil 5%
OPEC+ to keep oil output steady despite turmoil among members, sources say Published 04 Jan, 2026 06:02pm OPEC agreed in November to pause output hikes for January, February and March
OPEC+ holds 2026 group-wide oil output steady, agrees capacity mechanism Published 30 Nov, 2025 09:20pm The meeting of OPEC+ comes during a fresh US effort to broker a Russia-Ukraine peace deal
OPEC+ set to hold oil output policy steady on Sunday, sources say Published 29 Nov, 2025 09:34pm LONDON/MOSCOW: OPEC+ is likely to leave oil output levels for the first quarter of 2026 unchanged at its meetings on...
OPEC+ restrains output rises for now Published 08 Oct, 2025 05:59am LONDON: OPEC+ oil-producing countries opted for only a modest rise to November output due to concerns about a...
OPEC+ agrees further oil output boost Published 08 Sep, 2025 05:59am LONDON/MOSCOW/ BAGHDAD: OPEC+ has agreed to further raise oil production from October as its leader Saudi Arabia...
RLNG import glut: Pakistan oil, gas production hit over two-decade low in FY25 Published 15 Aug, 2025 08:01pm KARACHI: Pakistan’s oil and gas production hit over two-decade low in the financial year 2024-25 (FY25), with oil...
Oil steadies near three-week high on signs of tighter supply Updated 14 Jul, 2025 09:56pm LONDON: Oil prices steadied on Monday, holding close to their highest level in three weeks, as investors eyed...
OPEC+ speeds up oil output hikes, adds 548,000 bpd in August Published 05 Jul, 2025 03:26pm LONDON: OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating...
OPEC+ set to make another accelerated oil output hike on Saturday, sources say Published 04 Jul, 2025 04:35pm LONDON: Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on...
Oil prices ease as market assesses Middle East tension Updated 12 Jun, 2025 02:27pm LONDON: Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market...
Saudi Arabia cuts July oil prices to Asia to 4-year low after OPEC+ supply boost Published 04 Jun, 2025 08:51pm Saudi Arabia, the world’s biggest oil exporter, cut its prices for Asian crude buyers close to the lowest level in...
Oil prices climb 2% to 2-week high on geopolitical tension concerns Updated 03 Jun, 2025 10:15pm LONDON: Oil edged up on Tuesday, in the face of rising geopolitical tensions as the war in Ukraine ramped up despite...
Goldman Sachs sees OPEC+ raising oil output by 0.41 mb/d in August Published 02 Jun, 2025 11:21am Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day...
OPEC+ agrees further accelerated oil output hike for July Updated 31 May, 2025 06:42pm LONDON/MOSCOW: OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May...
OPEC+ may discuss oil output hike larger than 411,000 bpd for July Published 30 May, 2025 05:32pm LONDON/MOSCOW: OPEC+ may discuss an increase in oil output for July at its meeting on Saturday larger than the...
OPEC+ may discuss 2027 baselines and agree July hike this week, sources say Published 28 May, 2025 06:08pm OPEC+ may discuss issues around its baselines for 2027 production at its meeting on Wednesday, two delegates from...
OPEC+ set to agree July oil output hike this week, sources say Published 27 May, 2025 06:35pm LONDON/DUBAI: OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates...
OPEC+ countries to open the oil taps despite price slump Updated 03 May, 2025 07:02pm VIENNA: Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June...
OPEC+ panel stresses compliance after surprise oil output hike Updated 05 Apr, 2025 07:23pm LONDON: Top OPEC+ ministers stressed the need for full compliance with oil output targets and plans to compensate...
Russia’s Gazprom Neft ready to raise oil output under OPEC+ deal, CEO says Published 18 Mar, 2025 04:30pm MOSCOW: Gazprom Neft is ready to raise oil output from April under the OPEC+ agreement, the head of the Russian oil...
OPEC+ likely to stick to oil output hike plan: sources Published 03 Feb, 2025 04:56pm LONDON: OPEC+ is likely to adhere to current plans to raise output gradually from April when a panel of top...
OPEC+ delays oil output hike until April, extends cuts into 2026 Published 06 Dec, 2024 06:58am LONDON/MOSCOW/ DUBAI: OPEC+ on Thursday pushed back the start of oil output rises by three months until April and...