Oil prices surge after OPEC+ announce to cut output

Apr 03, 2023

By 1:12 am (Local Time), Brent was trading at USD 85.41 per barrel (6.46 per cent). The price of futures contracts of WTI crude...

OPEC Plus announces oil output cuts of around 1.16 mbpd

Apr 02, 2023

Riyadh, Saudi Arabia's capital and main financial hub said it would cut output by 500,000 barrels per day, or BDP, from May until the...

OPEC+ keeps October oil output quota unchanged from September levels

Sep 07, 2026

Seven OPEC+ countries – Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman – have agreed to keep their required oil production levels for...

OPEC Plus will continue oil output cuts as prices remain unchanged

Jun 04, 2023

OPEC described the move as aiming to "achieve and sustain a stable oil market, and to provide long-term guidance for the market, and in...

US to boost domestic oil output by 1mn barrels per year

Mar 24, 2022

Washington [US], March 24 (ANI/Sputnik): US oil producers will increase domestic supply by a million barrels a year in response to Washington's call, US...

US urges oil, gas producers, OPEC to increase Output: Department of Energy

Jun 20, 2022

Moscow [Russia], June 20 (ANI/Sputnik):The United States is calling on all oil and gas producers, including the OPEC club of the largest oil exporters,...