OPEC has agreed in principle to further accelerate its supply increases next month, delegates said, as the group led by Saudi Arabia seeks to reclaim market share.

The increased production could contribute to lowering prices, as experts say it will shift the market such that supply ...

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

The Organisation of the Petroleum Exporting Countries (OPEC) will launch the 19th edition of its World Oil Outlook (WOO) during the 9th OPEC International Seminar in Vienna, Austria.The event will be ...

OPEC+ raises oil production by 548K barrels/day in August amid steady economic outlook & low inventories. Read more here.

At a virtual meeting Saturday, eight core members led by Saudi Arabia agreed to add 548,000 barrels per day (bpd) to global supply—exceeding earlier expectations of a 411,000 bpd hike.

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...

OPEC+ announced a significant oil production hike of 548,000 barrels per day (bpd) for August, accelerating its output ...

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts ...

MOSCOW, July 5. /TASS/. Eight OPEC+ countries adhering to voluntary oil production cuts have decided to increase production in August by 548,000 barrels per day, which is equivalent to the original ...

Low global oil stockpiles were a major motivating factor in prompting OPEC+ members to raise production by 548,000 barrels ...