News

OPEC+ agrees another accelerated oil output hike for June
OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels ...
Analysis: OPEC’s accelerated output plan may keep oil prices volatile
The prospect of higher supply from the Organization of the Petroleum Exporting Countries and allies in the coming months will ...
Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices
Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud ...
OPEC+ announces second consecutive 411K b/d output increase
OPEC+ announces a 411K barrel-per-day oil output boost for June despite falling prices, signaling a bold strategic shift.
Goldman Sachs sees 410,000-bpd hike in OPEC+ June supply
Goldman Sachs on Friday said it expects OPEC+ to announce a second consecutive increase in supply for June on Saturday, due ...
OPEC+ may hold urgent Saturday meeting to finalize June output plan
Eight member nations of the OPEC+ alliance are scheduled to convene on Saturday to deliberate on a potential further ...
OilPrice.com1d
OPEC Moves Up Meeting To Discuss Oil Production Quotas
The OPEC+ members currently participating in voluntary production cuts will meet this Saturday, May 3, instead of Monday, May ...
Rigzone2d
OPEC Output Down in April
OPEC's crude production fell last month despite the group's long-awaited plans to increase, with much of the reduction ...
Bloomberg L.P.2d
OPEC’s Oil Production Fell Last Month Despite Plans to Increase
OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Output from the ...
OilPrice.com8h
The Trade War Is Already Hurting Oil Demand
IEA, OPEC, and EIA all revised 2025 growth down by 150,000–400,000 bpd amid worsening trade and economic outlooks.