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 de facto leader Saudi Arabia designed the move to ...

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and ...

JPMorgan also raised its global recession odds to 60% for the year, while S&P Global warned that oil demand growth could drop by as much as 500,000 bpd. OPEC+ justified the output hike by citing ...

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed. The output increase of ...

LONDON/DUBAI (Reuters) -OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by ... take the total combined hike for April, May and June ...

LONDON/MOSCOW (Reuters) -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 ...

OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in Jun by 411,000 ... eight will take the total combined hike for Apr, May and June to 960,000 ...

OPEC+ plans to further accelerate oil output hikes and possibly unwind 2.2 million barrel per day of voluntary cuts through October 2025 if members of the group don't improve compliance with their ...