OPEC oil output falls in December on Iran and Venezuela, Reuters survey finds

OPEC's oil output fell in December due to lower supply from Iran and Venezuela, which offset an OPEC+ agreement to raise ...

US seizes 2 Venezuela-linked oil tankers, 1 flying Russian flag

The U.S. seized two oil tankers linked to Venezuela early Wednesday morning, one that was flying a Russian flag, drawing ...

Ousted Maduro pleads not guilty to US narcotics charges

NEW YORK, Jan 5 (Reuters) - Toppled Venezuelan President Nicolas Maduro pleaded not guilty on Monday to narcotics charges ...

OPEC+ to Keep Oil Output Steady Despite Turmoil Among Members, Sources Say

DUBAI/LONDON, ‌Jan ​4 (Reuters) - OPEC+ will likely maintain ‌steady oil output at its meeting on Sunday, OPEC+ delegates ...
Marketplace

Why OPEC plans to keep oil production flat to start 2026

Oil producers in the OPEC+ group this weekend confirmed they will hold output levels flat in the first quarter of next year. This comes after the group spent most of this year increasing oil ...
The Nation Newspaper

OPEC retains Nigeria’s 1.5mbpd level for 2026

The Organisation of Petroleum Exporting Countries (OPEC) has maintained Nigeria’s oil production quota of 1.5 million barrels of crude per day (bpd) to December 2026. In a statement, the ...
U.S. News & World Report

OPEC Shifts Oil Outlook to See Small Surplus in 2026

LONDON (Reuters) -The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift ...
Bloomberg L.P.

OPEC Output Rose Last Month as Restart Continued, Survey Shows

OPEC raised oil production slightly last month as key members began gradually restarting another layer of halted supplies, according to a Bloomberg survey. The Organization of the Petroleum Exporting ...
New York Post

OPEC+ agrees to further boost oil output to regain market share

OPEC+ has agreed to further raise oil production beginning in October as leader Saudi Arabia pushes to regain market share, while slowing the pace of increases compared with previous months due to an ...
Wall Street Journal

OPEC+ to Boost Oil Output Further Despite Supply Glut Concerns

The Organization of the Petroleum Exporting Countries and its allies agreed to raise oil output further next month, despite broader concerns about a looming supply glut. After an online meeting Sunday ...
The New York Times

OPEC Plus Will Increase Oil Output

Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand. By Stanley Reed Eight countries that belong to the oil cartel known as ...
CNN

OPEC+ makes another large oil output hike in market share push

OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential ...