The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

The OPEC+ cartel announced on Saturday that it would increase oil production again. It announced a 411,000-barrel-per-day oil ...

OPEC+ has agreed to accelerate the pace of oil production growth for the second month in a row. In June, production will ...

OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Output from the ...

Q1 2025 Management View Executive Chairman Matt Wilks reported a 32% increase in revenue to $600 million and an 83% rise in ...

This marks the group’s third consecutive monthly hike, escalating concerns of a potential price war in the global oil market.

Crude futures slid after OPEC+ agreed to raise output by 411,000 barrels a day in June, speeding up the gradual return of 2.2 million barrels a day in voluntary production cuts.

From January 2025 to December 2026, oil production in Non-OPEC countries is expected to increase by 1,428 kb/d. January’s Non-OPEC W/O US oil production rose by 37 kb/d to 40,040 kb/d.

(Bloomberg) -- Oil slumped as OPEC discussed making a second major production increase, inflaming concerns about swelling global supplies that have dragged down crude prices this year. West Texas ...

The OPEC+ members currently participating in voluntary production cuts will meet this Saturday, May 3, instead of Monday, May ...

Key OPEC+ nations are considering another production increase of about 400,000 barrels ... as a bid to discipline over-producing members. “OPEC’s decision framework appears to be fueled ...

However, the company anticipates challenges in the second quarter due to tariff impacts and OPEC's production increase, with management focusing on flexibility, cost controls, and opportunities in ...