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OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether ...
LONDON (Reuters) -OPEC+ will consider raising oil output by around 550,000 barrels per day in August at its meeting on ...
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 oil cartel known as OPEC Plus said it would continue the strategy agreed to in July, rubber-stamping a 400,000-barrel-a-day production increase for April. Skip to content Skip to site index.
If approved, this would bring OPEC+'s total supply increase for the year to 1.78 million bpd, equivalent to more than 1.5% of ...
Last week, the Organization of Petroleum Exporting Countries (OPEC) and its allies, led by Saudi Arabia and Russia, said that it will slash oil production by 2 million barrels per day, the biggest ...
Oil prices are driven by many factors including supply and demand. Member countries of the Organization of the Petroleum Exporting Countries (OPEC) produce about 40% of the world's crude oil.
Crude oil prices hovered near previous levels on Wednesday as traders evaluated the prospect of increased output from key ...