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OPEC+ is set to accelerate oil production increases in August, exceeding previous plans with a 548,000 barrel-per-day boost.
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.
OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain ...
OPEC and its partners have pivoted from years of output restraint to reopening the taps, surprising crude traders and raising questions about the group’s long-term strategy.
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
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 ...
The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.
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