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.

Auto enthusiast Jay learns about oil prices amid Israel-Iran conflict from financial analyst friend, Juhi, discussing ...

Since the beginning of 2024, Russia, Saudi Arabia, the UAE, Kuwait, Iraq, Kazakhstan, Oman, and Algeria have voluntarily reduced oil production by a total of 2.2 mln barrels per day ...

Saudi Energy Minister Prince Abdulaziz bin Salman told delegates at the St Petersburg Economic Forum on 19 June that OPEC+ has evolved into a “key guarantor” of global oil prices and market stability.

Saudi Energy Minister Prince Abdulaziz bin Salman said on Thursday that the OPEC+ alliance has become a key stabilizing force ...

Russia's chief oil official advocated for OPEC+ oil producers to move forward with their scheduled output increase, citing an ...

The Brazilian government, which currently presides over the alliance, announced that Vietnam would join BRICS as a “partner ...

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 ...

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 ...

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 ...

Oil demand will peak at 105.6 million barrels per day (bpd) by 2029 and then fall slightly in 2030, a table in the ...

According to the data published by OPEC, the cartel increased its production output by 154,000 barrels a day, despite ...