5 (Xinhua) -- Eight member countries of the OPEC+ oil-producing group decided Thursday to extend their voluntary output cuts by two months ... Exporting Countries (OPEC) and its allies.

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

OPEC+ shocked oil markets in April by agreeing to a bigger-than-expected output hike for May despite weak prices and slowing demand. OPEC’s ... bpd portion of cuts by eight members.

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...

Major oil producing group OPEC Plus says it will ... including OPEC member Saudi Arabia and non-member Russia, met online on Saturday. They agreed to raise output by 411,000 barrels per day ...

OPEC projects an 800,000 bpd increase in non-OPEC+ oil supply for both 2025 and 2026, down 100,000 bpd from previous estimates. Upstream investment in non-OPEC+ producers is set to decline by 5% ...

Bloomberg reported that Saudi Oil Minister Prince Abdulaziz bin Salman during the meeting invoked the 1973 oil embargo imposed by OPEC that drove oil prices soaring.

The Organization of the Petroleum Exporting Countries cut its forecast for oil demand growth just days after boosting output, citing the impact of U.S. tariffs. OPEC now expects demand to rise by ...

A new report by Reuters, which was published on Sunday, said the countries may unwind their 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance ...

OPEC+ will now meet Saturday - instead of Monday, as previously planned - according to news reports OPEC+ shocked the market earlier this month with plans to ramp up crude output, leading oil ...

LONDON (Reuters) -OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan ... drop among OPEC members in April ...