OPEC remains optimistic about oil demand growth through 2026, even as it warns of declining investment and slower supply growth from non-OPEC+ producers like the U.S.

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

DUBAI: The Organisation of Petroleum Exporting Countries (Opec) has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the ...

Kuwait's oil minister said that the OPEC+ meeting would significantly affect production policy formulation in the coming period, Kuwait's state news agency reported on Saturday.

Eight member nations of the OPEC+ alliance are likely to meet on Saturday to deliberate on a potential further acceleration of oil production increases for the month of June, Reuters reported,citing ...

Oil prices fell 1% on Friday and were set for their biggest weekly losses since the end of March, as traders turned cautious ahead of an OPEC+ meeting to decide the group's output policy for June.

Supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 800,000 barrels ...

The fact the meeting was moved to Saturday from Monday ... although that would still indicate a change in OPEC strategy and the risks are asymmetric, Babin says. “If it’s worse than we think ...

Oil prices fell over 1% lower on Friday and recorded for their biggest weekly losses since the end of March, as traders ...

The accelerated meeting follows mounting tensions within ... Meanwhile, a Bloomberg survey released Thursday showed that OPEC’s actual output fell by 200,000 bpd in April, down to 27.24 million ...

“The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation,” it went on to note. A release posted on OPEC’s site on April 16 announced ...