Trends - oil output - Business Recorder

Markets

OPEC+ leans towards resumption in oil output increases from April, sources say

Eight OPEC+ producers - Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuwait, Iraq, Algeria and Oman – meet on March 1

Published 13 Feb, 2026 05:16pm

Markets

Kazakhstan says oil output at Tengiz oilfield resumed

Chevron owns 50%, Exxon Mobil 25%, Kazakhstan’s KazMunayGas 20% and Russia’s Lukoil 5%

Published 31 Jan, 2026 01:16pm

Markets

OPEC+ to keep oil output steady despite turmoil among members, sources say

OPEC agreed in November to pause output hikes for January, February and March

Published 04 Jan, 2026 06:02pm

Markets

OPEC+ holds 2026 group-wide oil output steady, agrees capacity mechanism

The meeting of OPEC+ comes during a fresh US effort to broker a Russia-Ukraine peace deal

Published 30 Nov, 2025 09:20pm

Markets

OPEC+ set to hold oil output policy steady on Sunday, sources say

LONDON/MOSCOW: OPEC+ is likely to leave oil output levels for the first quarter of 2026 unchanged at its meetings on...

Published 29 Nov, 2025 09:34pm

Markets

OPEC+ restrains output rises for now

LONDON: OPEC+ oil-producing countries opted for only a modest rise to November output due to concerns about a...

Published 08 Oct, 2025 05:59am

Markets

OPEC+ agrees further oil output boost

LONDON/MOSCOW/ BAGHDAD: OPEC+ has agreed to further raise oil production from October as its leader Saudi Arabia...

Published 08 Sep, 2025 05:59am

Business & Finance

RLNG import glut: Pakistan oil, gas production hit over two-decade low in FY25

KARACHI: Pakistan’s oil and gas production hit over two-decade low in the financial year 2024-25 (FY25), with oil...

Published 15 Aug, 2025 08:01pm

Markets

Oil steadies near three-week high on signs of tighter supply

LONDON: Oil prices steadied on Monday, holding close to their highest level in three weeks, as investors eyed...

Updated 14 Jul, 2025 09:56pm

Markets

OPEC+ speeds up oil output hikes, adds 548,000 bpd in August

LONDON: OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating...

Published 05 Jul, 2025 03:26pm

Markets

OPEC+ set to make another accelerated oil output hike on Saturday, sources say

LONDON: Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on...

Published 04 Jul, 2025 04:35pm

Markets

Oil prices ease as market assesses Middle East tension

LONDON: Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market...

Updated 12 Jun, 2025 02:27pm

Markets

Saudi Arabia cuts July oil prices to Asia to 4-year low after OPEC+ supply boost

Saudi Arabia, the world’s biggest oil exporter, cut its prices for Asian crude buyers close to the lowest level in...

Published 04 Jun, 2025 08:51pm

Markets

Oil prices climb 2% to 2-week high on geopolitical tension concerns

LONDON: Oil edged up on Tuesday, in the face of rising geopolitical tensions as the war in Ukraine ramped up despite...

Updated 03 Jun, 2025 10:15pm

Markets

Goldman Sachs sees OPEC+ raising oil output by 0.41 mb/d in August

Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day...

Published 02 Jun, 2025 11:21am

Markets

OPEC+ agrees further accelerated oil output hike for July

LONDON/MOSCOW: OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May...

Updated 31 May, 2025 06:42pm

Markets

OPEC+ may discuss oil output hike larger than 411,000 bpd for July

LONDON/MOSCOW: OPEC+ may discuss an increase in oil output for July at its meeting on Saturday larger than the...

Published 30 May, 2025 05:32pm

Markets

OPEC+ may discuss 2027 baselines and agree July hike this week, sources say

OPEC+ may discuss issues around its baselines for 2027 production at its meeting on Wednesday, two delegates from...

Published 28 May, 2025 06:08pm

Markets

OPEC+ set to agree July oil output hike this week, sources say

LONDON/DUBAI: OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates...

Published 27 May, 2025 06:35pm

Markets

OPEC+ countries to open the oil taps despite price slump

VIENNA: Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June...

Updated 03 May, 2025 07:02pm

Markets

OPEC+ panel stresses compliance after surprise oil output hike

LONDON: Top OPEC+ ministers stressed the need for full compliance with oil output targets and plans to compensate...

Updated 05 Apr, 2025 07:23pm

Business & Finance

Russia’s Gazprom Neft ready to raise oil output under OPEC+ deal, CEO says

MOSCOW: Gazprom Neft is ready to raise oil output from April under the OPEC+ agreement, the head of the Russian oil...

Published 18 Mar, 2025 04:30pm

Markets

OPEC+ likely to stick to oil output hike plan: sources

LONDON: OPEC+ is likely to adhere to current plans to raise output gradually from April when a panel of top...

Published 03 Feb, 2025 04:56pm

Markets

OPEC+ delays oil output hike until April, extends cuts into 2026

LONDON/MOSCOW/ DUBAI: OPEC+ on Thursday pushed back the start of oil output rises by three months until April and...

Published 06 Dec, 2024 06:58am

Markets

Russia’s oil output at 9m bpd as promised to OPEC+

SOCHI: Russia will stick to its commitments to the OPEC+ group of leading oil producers and has reached its promised...

Published 07 Nov, 2024 07:59am

Markets

Oil gains over 2% after OPEC+ delays output hike, US election in focus

Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while...

Updated 04 Nov, 2024 06:43pm

Markets

OPEC+ agrees to delay December output hike for one month: sources

LONDON/DUBAI/MOSCOW: OPEC+ has agreed to delay a planned December oil output increase by one month, three sources...

Published 03 Nov, 2024 10:03pm

Markets

OPEC+ could delay planned December oil output hike, sources say

LONDON/MOSCOW: OPEC+ could delay a planned hike in oil production scheduled to take effect in December by a month or...

Published 30 Oct, 2024 05:48pm

Markets

BP drops oil output reduction target in strategy reset, sources say

LONDON: BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s...

Published 07 Oct, 2024 05:12pm

Markets

OPEC+ discussing delay to planned oil output hike in October, sources say

LONDON: OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9...

Published 04 Sep, 2024 05:06pm