Oil Gains as OPEC+ Further Delays Output Hike. A group of eight OPEC+ members extended voluntary production cuts of 2.2 million barrels a day until the end of December. By . Giulia Petroni.

OPEC+'s planned October hike was for 180,000 bpd, a fraction of the 5.86 million bpd of output it is holding back, equal to about 5.7% of global demand, to support the market due to uncertainty ...

Oil prices slipped on Monday after OPEC+ surprised markets by hiking output more than expected in August, while uncertainty ...

Growing supply from the OPEC+ group, although not as high as the monthly headline figures suggest, is set to create an ...

Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the ...

The acceleration of the output hikes came after some OPEC+ members produced far more than their targets, angering other ...

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group's leader Saudi Arabia seeks to ...

Oil prices rose despite OPEC+ increasing output more than expected for August. The market's resilience was supported by a ...

Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with analysts ...

OPEC+ nations, led by Saudi Arabia and Russia, will boost crude output by 548,000 barrels per day in August. This decision ...

Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms despite falling prices. The 22-nation group began a series of cuts in ...

OPEC+'s "adjustment" of 411,000 barrels per day for May - increasing oil output by three times more than previously planned for that month - helped pull U.S. benchmark oil prices (CL.1) down to ...