Opec

Key members of the alliance expect to ratify a decision to restart 137,000 barrels a day, the same volume scheduled for this month

OPEC+ confronts the next stage in battle for oil market share

Saudi Arabia and its partners have yet to decide how to proceed after completing the fast-tracked addition of 2.5 million barrels a day that was finalized at its previous gathering

OPEC+ agrees in principle to another bumper supply increase

The decision comes against the backdrop of threats by Trump to target Russian oil exports by putting secondary tariffs on buyers of its supplies

Here’s why oil cartel OPEC+ is planning more production hikes despite subdued crude prices

The oil cartel - which produces 40 percent of the world’s total oil output - agreed to further increase output in August. Even as crude prices hover $65-70 per barrel, OPEC+ has decided to boost output to expand market share amid weak demand and rising supplies.

OPEC+ will boost supply even faster with larger August hike

Eight key alliance members agreed to raise supply by 548,000 barrels a day at a video conference on Saturday

BPCL, Indigo Paints, Apollo Tyres, other crude-sensitive stocks fall up to 2% as oil prices climb

Brent crude was inching towards $65 a barrel after OPEC+ agreed to increase production by 411,000 barrels per day, lower than expectations. Fresh escalations in Russia-Ukraine's war and rising tensions between US and Iran further boosted oil prices.

OPEC+ agrees on third oil supply surge to deepen price slump

The hike follows equally sized increases scheduled for May and June, marking a clear break with years of efforts by the group to support global oil prices.

Oil edges down as potential higher OPEC+ output eyed

Brent crude futures shed 12 cents, or 0.19%, to $64.62 a barrel by 0022 GMT, while U.S. West Texas Intermediate crude was down 15 cents, or 0.24%, at $61.38 a barrel.

Moneycontrol Pro Panorama | Market share battle drives oil prices lower

In Moneycontrol Pro Panorama May 26 edition: Trump's European tariffs expected to drive market direction, RBI’s crore dividend a fiscal boost but caution looms, threat to Apple’s India operations is a challenge, India-UK trade deal potential lies in services trade, and more

Oil steadies after multi-day plunge but traders wary of tariff, supply impacts

Brent futures were trading up 42 cents, or 0.61%, at $69.72 a barrel by 0144 GMT, while U.S. West Texas Intermediate crude (WTI) were up 40 cents, or 0.6%, to $66.71 a barrel

Did OPEC+ succumb to Trump's pressure?

Firstly, the production hike is mere optics and will barely move the needle. Secondly, OPEC+'s justification of healthy oil demand does not agree with the data

Oil falls as market eyes OPEC+ output increase, US tariffs

Brent futures fell 24 cents, or 0.3%, to $70.80 a barrel at 0500 GMT. U.S. West Texas Intermediate (WTI) crude slipped 58 cents, or 0.9%, to $67.68 a barrel

OPEC's share in India's annual oil imports rises after 8-year drop

India imported 4.84 million barrels per day of oil in 2024, up 4.3% from the previous year, the data showed.

US reliance on Saudi Oil is nearing its endgame

The energy market is no longer a constraint on American foreign policy in the Middle East.

Oil edges lower on 2025 supply surplus forecast, but set to notch weekly gain

The International Energy Agency expects non-OPEC+ nations to boost supply by about 1.5 million barrels per day (bpd) next year, driven by the United States, Canada, Guyana, Brazil and Argentina.

An OPEC for solar power isn’t going to work

Geological advantages are perpetual, but technological advantages can quickly become obsolete

OPEC makes deepest cut yet to 2024 world oil demand forecast

OPEC+ has been withholding output since 2022 in a bid to stave off a surplus and shore up prices.

Saudi Arabia cuts oil prices after OPEC+ delays reviving output

Earlier, OPEC+ — led by Saudi Arabia and Russia — agreed to push back production increases planned for the start of January by another three months, following two previous delays.

OPEC+ has agreement in principle to delay oil output hike

Ministers from the group will meet online later on Thursday to finalize details of the accord, with the main focus on a delay of three months, delegates said, asking not to be identified because the talks were private.

Oil up as Israel, Hezbollah trade accusations of ceasefire violation

Brent crude futures edged up by 34 cents, or 0.5%, to $73.17 a barrel by 2026 GMT. U.S. West Texas Intermediate crude futures were up 16 cents, or 0.2%, at $68.88. Trading was thin because of the U.S. Thanksgiving holiday.

Oil Markets: OPEC+ faces an internal foe in 2025 — Kazakhstan

The cartel will find one of its members chafing even more than usual against oil production quotas

OPEC again cuts 2024, 2025 oil demand growth forecasts

There is a wide split between forecasters on the strength of demand growth in 2024, partly due to differences over demand from China and the pace of the world's switch to cleaner fuels

OPEC+ has agreement in principle to delay December ouput hike

OPEC+ has also struggled to get some members — notably Russia, Iraq and Kazakhstan — to implement their share of agreed supply cutbacks

Crude extends drop with Brent near $74 as concerns ease, demand outlook falls

With this fall, oil prices are down about $5 so far this week, almost wiping out the rise seen over concerns that Israel could strike Iran's oil facilities in retaliation to its recent missile attack.

OPEC cuts 2024, 2025 global oil demand growth view again

There is a wide split between forecasters on the strength of demand growth in 2024, partly due to differences over demand from China and over the pace of the world's switch to cleaner fuels.