Oil prices near three-month low as Opec+ prepares to raise output from April after prolonged cuts
Opec+ nations have reaffirmed their December decision to proceed with a gradual and flexible return of the 2.2 million bpd voluntary output adjustments starting April 2025, while remaining adaptable t
Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April and ...
OPEC Plus says it will go ahead with its plan to increase crude-oil supply. The decision by the oil-producing group of ...
Crude oil futures fell to their lowest this year after a surprise decision by OPEC+ to restart some halted production, a move ...
Iraq and seven OPEC+ member states convened virtually on Monday to assess the state of the global market and its prospects.
The OPEC+ group of crude oil exporters justified their decision to increase production by pointing to "the healthy market ...
At the same time, OPEC's policy on production increases remains flexible. "This gradual increase may be paused or reversed subject to market conditions. This flexibility will allow the group to ...
OPEC+, which includes OPEC members plus Russia and other allies, has been cutting output by 5.85 million barrels per day (bpd), equal to about 5.7% of global supply, agreed in a series of steps since ...
OPEC+ output cuts have been in place for a long period of time, but continued demand growth makes OPEC+ relevant for years to ...
Oil prices are under pressure with ICE Brent settling more than 1.6% lower yesterday. This follows news that OPEC+ is ...
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