OPEC's oil output increase in May was less than planned, as some members compensated for previous overproduction, according ...

Under the latest agreement by OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies, ...

Group leader Saudi Arabia has spurred OPEC and its allies to accelerate their planned output revival in a bid to punish ...

The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand ...

OPEC said it expected the global economy to remain resilient in the second half of this year and trimmed its forecast for ...

Russia's top oil official said on Thursday that OPEC+ oil producers should proceed with plans to increase output, noting ...

ASTANA. June 18 (Interfax) - Kazakhstan will not leave OPEC+ despite agreements to boost oil production, Kazakh Energy Minister Erlan Akkenzhenov said. "Where did it come from that Kazakhstan has been ...

Kazakhstan and Iraq, who had pledged extra cutbacks ... according to the report. OPEC kept forecasts for global oil demand, and supplies from outside the cartel, broadly steady.

OPEC+ countries, most of whom have assured their tacit support to Tehran in the Israel-Iran war, hold some influence on the decisions made by the Islamic Republic.

The Organisation of Petroleum Exporting Countries and its allies (OPEC+) recorded a decline in crude oil output in May 2025, ...

ASTANA. June 17 (Interfax) - Kazakhstan supports Saudi Arabia's proposal for an additional increase in oil production by OPEC+ countries, Kazakh Energy Minister Yerlan Akkenzhenov said. "Within the ...

The faltering volumes came as oil prices climbed with Israel and Iran trading missile attacks since Friday. Weekly average prices for Russia’s crude exports gained by about $4 a barrel last week and ...