OPEC+ curtailed production for several years to support the market. It reversed course this year to regain market share.

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply ...

Members of the Organization of Petroleum Exporting Countries (OPEC+) on Sunday announced plans to increase oil production by over half a million barrels per day for September as concerns over supply ...

Eight OPEC+ countries meeting on Sunday agreed on a bump in oil production for September by 547,000 barrels per day.View on euronews ...

OPEC+ producers raised their combined crude oil production in July by less than planned, with Saudi Arabia's supply data ...

The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than expected, raising concerns about a potential oversupply.

BofA said, however, Brent oil price could rebound above $70/bbl by the summer of 2026 due to a combination of easier global monetary policy, a weaker dollar, more disciplined OPEC+ production and ...

Oil prices remain under pressure as surging OPEC+ output and slowing demand from India shift market sentiment bearish. With U ...

Crude oil falls below $67.31 as OPEC boosts output by 547,000 bpd and Russia sanctions fuel a bearish oil outlook.

Brent crude futures stayed in the $68–69 per barrel range on Monday, with bearish sentiment after the OPEC+ supply ...

Oil futures are under pressure after OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies — agreed over the weekend to raise production by another 547,000 barrels a ...

A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to boost oil production, a move some believe could lower oil and gasoline prices, citing a steady global ...