OPEC

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler Eight OPEC+ members meet on March 1 OPEC+ has paused increases for first quarter of 2026 Brent crude price near highest since August Russia’s Novak predicts increased demand from March-April MOSCOW/LONDON, Feb 13 (Reuters) – OPEC+ is leaning towards a resumption in oil output increases from April, …

OPEC+ Leans Towards Resumption in Oil Output Increases From April, Sources Say Read More »

  (Reuters) – Eight OPEC+ countries have agreed in principle to maintain a planned pause in their oil output hikes for March, according to three OPEC+ sources and a draft statement seen by Reuters ahead of their Sunday meeting. The countries had agreed the pause in output hikes for the first quarter in November. The …

OPEC+ Agrees in Principle to Keep Planned Pause in Oil Output Hikes for March, Sources Say Read More »

By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler OPEC+ likely to keep current output policy, sources say Brent crude prices rise to highest since August Kazakhstan’s Tengiz oilfield recovering from disruptions LONDON, Jan 30 – OPEC+ is likely to keep its pause on oil output increases for March when it meets on Sunday, five delegates …

OPEC+ Set to Keep Oil Production Pause for March as Prices Jump, Sources Say Read More »

By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova Consultants to be appointed to carry out capacity assessments Saudi minister says OPEC+ meeting was one of most successful in his career OPEC+ meeting on Sunday agreed a new maximum production capacity mechanism LONDON/MOSCOW, Dec 2 (Reuters) – OPEC+ members will undergo an annual assessment of their …

OPEC+ Members to Undergo Annual Oil Capacity Audit Under New Plan, Sources Say Read More »

At first glance the decision by OPEC+ to leave oil output levels unchanged for the first quarter of next year could be viewed as confirmation the exporter group is concerned about a looming crude supply glut. It was widely expected that the eight members of OPEC+ undertaking voluntary oil output cuts would stick to their …

OPEC+ Sticks to its ‘All is Fine in Oil’ Mantra, But Uncertainty Rises: Russell Read More »

OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026 at its meetings on Sunday as the group slows down its push to regain market share amid fears of a looming supply glut. The meeting of OPEC+, which pumps half of the world’s oil, comes during a fresh U.S. effort to …

OPEC+ Holds Oil Output Steady, Agrees Capacity Mechanism Read More »

LONDON, Nov 25 (Reuters) – OPEC+, which pumps about half the world’s oil, has paused oil output hikes for the first quarter of 2026 after releasing some 2.9 million barrels per day into the market since April 2025. The group still has about 3.24 million bpd of output cuts in place, representing around 3% of …

Explainer: OPEC+ Policies of Oil Output Hikes and Cuts Read More »