Topic
OPEC+
40 stories related to this topic, newest first.
benzinga.compolitics4 days ago
August WTI Crude Oil Closes Week Up 4.94 Percent Despite OPEC+ Output Rise and U.S. Inventory Build
August WTI crude oil rose $3.38 to $71.84 per barrel for the week ending July 10, 2026. Geopolitical tensions involving Iran outweighed an OPEC+ production increase and a U.S. inventory build.
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middleeasteye.netfinance7 days ago
Saudi Arabia Lowers July Crude Price for Asian Buyers After Hormuz Flows Resume
Saudi Arabia reduced its key crude oil price for Asian customers on July 6 amid resumed flows through the Strait of Hormuz and higher OPEC+ output.
en.antaranews.compolitics8 days ago
Strait of Hormuz reopens after Iran war while OPEC faces Iraq quota clash and UAE exit
The Strait of Hormuz has begun reopening after Iran's closure and a U.S. blockade during the Iran war. OPEC+ approved a modest production increase while Iraq seeks higher quotas.
livemint.comfinance8 days ago
OPEC+ to Raise Oil Output by 188,000 Barrels a Day in August
Seven OPEC+ members agreed to increase combined production starting next month. The move continues a gradual reversal of voluntary cuts first announced in 2023.
theconversation.comfinance8 days ago
Oil Prices Edge Lower After OPEC+ Modest August Output Increase
Oil prices declined after OPEC+ approved a further modest production rise for August. S&P 500 futures held prior gains while traders lowered near-term Fed rate hike odds. South Korea began 24-hour won trading to draw foreign investors ahead of SK Hynix's U.S. listing.
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livemint.comfinance8 days ago
OPEC+ to Raise Output Quotas by 188,000 Barrels per Day in August While Keeping Part of 2023 Cut in Place
Seven core OPEC+ members will add 188,000 barrels per day to production targets starting next month. The step continues five straight months of increases as Brent crude prices sit near $72 a barrel.
world8 days ago
Iran to close Tehran airspace Monday for funeral ceremonies
Iran will fully shut Tehran’s airspace on Monday during funeral arrangements for its former supreme leader. Iranian state media reported the closure alongside updates on regional developments and OPEC+ output decisions.
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Semaforfinance8 days agoUpdated
United Arab Emirates Leaves OPEC+ as Group Continues Phased Reversal of 2023 Output Cut
The United Arab Emirates left OPEC+ in late April to align production with its capacity. Iraq is seeking higher quotas as the remaining core producers prepare to restore the final portion of a 1.65 million barrel-per-day cut.
The Independentbusiness8 days ago
Seven OPEC+ Countries Plan 188,000 Barrel Daily Output Increase in August
Seven OPEC+ members agreed to raise combined oil production by 188,000 barrels per day starting in August. The move marks the fifth consecutive month of output increases by the group.
forbes.comfinance9 days ago
OPEC+ to Raise Output Quotas by 188,000 Barrels a Day From August After Sharp Production Drop
The group ratified a quota hike during a Sunday video conference after seven members added nearly 800,000 barrels per day since April. Output remains below pre-war levels amid recovering exports through the Strait of Hormuz.
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theepochtimes.comfinance11 days ago
OPEC+ Group Plans August Output Increase of 188,000 Barrels Daily
The seven-member OPEC+ group is expected to approve another production quota increase for August. The decision follows earlier hikes that began after U.S. and Israeli strikes on Iran.
tass.comfinance34 days ago
Kazakhstan Buyers Seek Maximum Oil Volumes Amid Hormuz Restrictions as Country Faces Production Constraints and OPEC+ Quota Shortfalls
Energy Minister Yerlan Akkenzhenov said buyers are pressing Kazakhstan to increase crude deliveries. The country faces infrastructure limits and recent field disruptions.
freepressjournal.infinance36 days ago
OPEC+ Approves 188,000 Barrel Daily Output Increase for July
OPEC+ agreed Sunday to raise its collective crude production by 188,000 barrels per day starting in July. The decision adds to earlier increases approved since April that total nearly 600,000 barrels daily.
realclearmarkets.comfinance36 days ago
OPEC+ Agrees to Increase Oil Output by 188,000 Barrels Per Day
The core OPEC+ group agreed to increase production next month even as the Strait of Hormuz remains closed. The move is described as largely symbolic because most Gulf crude cannot reach buyers.
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realclearmarkets.comfinance36 days ago
OPEC+ Raises July Oil Output Quotas by 188,000 bpd
Ministers meet Sunday amid a production drop to 33 million barrels daily after the Strait of Hormuz closed in late February. Prices have nearly doubled since the shutdown.
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rte.ieworld37 days ago
Hormuz Blockade Strands One-Fifth of Global Oil Supply as OPEC+ Approves Modest July Output Increase
Major OPEC+ members agreed to raise collective production quotas by 188,000 barrels per day for July. The increase remains largely symbolic because the Strait of Hormuz is closed, preventing most Persian Gulf exports from reaching markets.
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thehindu.comfinance71 days ago
UAE Energy Official Calls OPEC Exit Sovereign Repositioning
A top UAE energy official stated that the country's decision to leave OPEC and OPEC+ is a sovereign move to reposition in the global energy landscape. The exit is not aimed against any party. Details on post-departure actions were mentioned but not elaborated in available reports…
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azernews.azpolitics71 days ago
OPEC+ Approves 188,000 Barrels Per Day Oil Production Hike for June Despite Strait of Hormuz Closure
Seven OPEC+ members agreed to increase production by 188,000 barrels per day in June, marking the third consecutive monthly hike amid the ongoing closure of the Strait of Hormuz. Oil prices dipped slightly on Sunday, with Brent crude at $107 per barrel. President Trump announced…
thehindu.comtechnology71 days ago
Oil Prices Fall Amid Volatility Following U.S. Plan to Extract Ships from Closed Strait of Hormuz
Oil prices declined on Monday following U.S. President Donald Trump's announcement of a plan to free stranded cargo ships in the closed Strait of Hormuz. A tanker was hit by projectiles near Fujairah in the UAE, highlighting regional risks. OPEC+ agreed to a modest output increas…
dailycaller.compolitics71 days ago
Oil Prices Drop Amid Strait of Hormuz Blockade as US Navy Launches Operation to Escort Stranded Ships
Oil prices declined in volatile trading amid U.S. President Donald Trump's announcement of Project Freedom to escort neutral vessels from the Strait of Hormuz. A tanker was hit by projectiles near Fujairah, UAE, highlighting risks in the region. OPEC+ agreed to boost output by 18…
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680news.comfinance71 days agoUpdated
U.S. Gas Prices Rise 50% to $4.45 per Gallon
U.S. regular gas prices have climbed to an average of $4.45 per gallon, marking a 49.3% increase since the Iran war started on February 28. Prices rose 35 cents in the past week amid the ongoing closure of the Strait of Hormuz. Efforts to mitigate the spike include releases from…
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azernews.azfinance72 days ago
OPEC+ Agrees to Increase Oil Output by 188,000 Barrels Per Day in June
OPEC+ announced an increase in oil production by 188,000 barrels per day for June in its first meeting without the United Arab Emirates. The group, now consisting of seven major producers, adjusted output amid ongoing disruptions from the Iran war. The UAE, the cartel's third-lar…
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azernews.azfinance72 days ago
OPEC+ Countries Agree to Boost Oil Output by 188,000 Barrels Per Day in June
Seven OPEC+ nations, including Saudi Arabia and Russia, decided to implement a production increase from prior voluntary cuts amid ongoing market reviews. The adjustment aims to support stability while allowing flexibility based on conditions. The move follows a virtual meeting on…
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Substrate placeholder — needs reviewworld72 days ago
OPEC+ Meets on Oil Production Quotas After UAE Withdrawal
Seven OPEC+ members are set to meet on Sunday for their first decision on oil-production quotas since the United Arab Emirates left the cartel. The UAE's departure, as a longtime member, has contributed to soaring oil price pressures amid the Mideast war. Talks this weekend aim t…
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247wallst.comworld72 days ago
OPEC+ Raises June Oil Output Quota by 188,000 Barrels Per Day
OPEC+ raised oil production quotas for June by 188,000 barrels per day during an online meeting, involving seven key members but excluding the United Arab Emirates after its recent exit. The decision comes against a backdrop of output shortfalls and disruptions from the Mideast w…
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247wallst.comworld72 days agoUpdated
OPEC+ Raises June Oil Output Quotas by 188,000 Barrels per Day; UAE Exits Group
Seven OPEC+ members have reached an agreement in principle to increase oil output quotas for June by about 188,000 barrels per day, ahead of their Sunday meeting. The decision follows the United Arab Emirates' recent withdrawal from the group. Analysts note the move aligns with p…
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thehindu.comfinance73 days ago
OPEC+ Increases June Oil Output by 188,000 Barrels Per Day
Seven OPEC+ countries have reached an agreement in principle to increase their oil production quotas for June by approximately 188,000 barrels per day. The decision comes amid ongoing discussions within the group on output levels. Two sources confirmed the development.
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thehindu.comfinance73 days ago
OPEC+ Agrees to Raise June Oil Output by 188,000 BPD
Seven OPEC+ countries have reached an agreement in principle to increase oil production quotas for June by approximately 188,000 barrels per day. The decision comes amid ongoing discussions within the group on output levels. Multiple sources confirmed the details of the prelimina…
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Al Jazeerafinance73 days ago
OPEC+ Increases June Oil Output by 188,000 Barrels Per Day
OPEC+ agreed to increase oil production targets by 188,000 barrels per day for June in its first meeting without the United Arab Emirates, which departed the group last week. The decision comes amid the ongoing U.S.-Israel war on Iran, which has closed the Strait of Hormuz since…
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Euronewsbusiness76 days ago
UAE to Leave OPEC on May 1, 2026
The United Arab Emirates announced its withdrawal from OPEC and OPEC+ on April 28, 2026, citing national production goals amid global supply disruptions. The move, effective May 1, follows tensions with quotas and regional rivalries. It could increase oil output, affecting market…
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sabcnews.comfinance76 days ago
Oil Prices Rise Amid Ongoing Conflict and Strait of Hormuz Closure
The conflict between the United States, Israel, and Iran has led to the closure of the Strait of Hormuz, causing oil prices to increase significantly. The United Arab Emirates announced its departure from OPEC and OPEC+ effective May 1. Economic forecasts indicate potential impac…
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NBC Newsworld76 days ago
UAE to Exit OPEC and OPEC+ on May 1, 2026, Citing Strategic Energy Goals
The United Arab Emirates will withdraw from OPEC and the OPEC+ group on May 1, 2026, citing its strategic vision and energy investments. The move comes amid the U.S.-Israeli war with Iran, which has disrupted global oil supplies through the Strait of Hormuz. Brent crude traded ab…
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Substrate placeholder — needs reviewworld76 days ago
United Arab Emirates Announces Exit from OPEC and OPEC+
The United Arab Emirates stated it is leaving OPEC and OPEC+. This announcement comes amid the ongoing war involving Iran, which has impacted energy markets. The move affects the oil exporting groups and Saudi Arabia.
Cnbcfinance76 days ago
UAE Withdraws from OPEC and OPEC+ on May 1
The United Arab Emirates has decided to leave OPEC and OPEC+ starting May 1 to gain flexibility in oil production. The energy minister described it as a policy change amid the ongoing Strait of Hormuz crisis. The move aims to boost output to 5 million barrels per day by 2027.
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al-monitor.comworld76 days agoUpdated
United Arab Emirates to Leave OPEC and OPEC+ Effective May 1
The United Arab Emirates announced its withdrawal from OPEC and the OPEC+ alliance, effective May 1, following a review of its energy strategies. The decision comes amid the US-Iran war and disruptions in the Strait of Hormuz, which have limited oil exports from Gulf producers.
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financialpost.comfinance82 days ago
Russian Officials Address Potential OPEC+ Proposals on Shipping Route Closure
Russian officials stated that Russia continues its oil supplies amid declining oil volumes on the market. This response addresses possible proposals to OPEC+ regarding the closure of a key shipping route. No other initiatives are currently in place, according to the report.
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azernews.azfinance95 days ago
OPEC+ Oil Production Declines 20.5% in March per Kpler Assessment
Kpler's secondary source assessment indicates that OPEC+ oil production fell by 20.5% in March compared to February, marking a record decline. This equates to a reduction of approximately 9 million barrels per day. The data comes from secondary sources tracking the group's output…
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Substrate placeholder — needs reviewfinance99 days ago
OPEC+ Group of Eight Countries to Increase Oil Production by 206,000 Barrels per Day
Eight OPEC+ countries have agreed to raise their oil production by 206,000 barrels per day. The decision aims to support oil market stability. This adjustment follows ongoing efforts by the group to balance global supply and demand.
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azernews.azbusiness100 days ago
OPEC+ Core Members Agree in Principle to Increase Oil Production by 206,000 Barrels per Day
A core group of OPEC+ members has reached an agreement in principle to raise oil production levels by approximately 206,000 barrels per day. This decision occurs during their scheduled monthly virtual meeting amid the closure of the Strait of Hormuz. The increase is described as…
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thehindu.comworld100 days ago
OPEC+ Members Plan to Increase Production Quotas for May Amid Middle East Conflicts
OPEC+ members intend to raise their production quotas for May, despite ongoing Middle East conflicts limiting output and shipments from key producers. The decision affects global oil supply dynamics. This move follows previous adjustments to quotas in response to market condition…
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