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News updates related to OPEC

OPEC+ plans to increase production quotas by 188,000 barrels per day in July 2026.

The seven core OPEC+ nations are likely to agree on raising their production targets for the fourth consecutive month, despite supply disruptions in the Gulf region.

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OPEC+ plans to increase oil production quotas by 188,000 barrels per day starting in July 2026.

Seven OPEC+ member countries are expected to raise their oil production targets for the fourth consecutive month, despite the risk of supply disruptions in the Middle East and the UAE's departure from the group.
OPEC oil production hit its lowest level in more than two decades due to tensions in the Strait of Hormuz.

OPEC's oil production in April 2026 plummeted to 20.04 million barrels per day, the lowest level since 2000, due to the impact of geopolitical conflicts in the Middle East.

OPEC+ will increase oil production quotas by 188,000 barrels per day in June 2026.

The OPEC+ alliance decided to raise its production target for the third consecutive month to stabilize the market amid oil prices exceeding $125 per barrel and supply disruptions from the Strait of Hormuz...
OPEC+ will increase oil production quotas by 188,000 barrels per day in June 2026.

The seven OPEC+ member countries agreed to raise their oil production targets in June 2026 to maintain market stability after the UAE left the alliance and the conflict with Iran disrupted oil supplies...
UAE announces withdrawal from OPEC, Vietnamese stock market gloomy.

The Vietnamese stock market traded sluggishly following news that the UAE announced its withdrawal from OPEC and tensions in the Middle East remained high.
OPEC lowered its forecast for oil demand in the second quarter of 2026 to 105.07 million barrels per day.

The Organization of Petroleum Exporting Countries (OPEC) has just revised down its oil demand forecast for the second quarter of 2026 by 500,000 barrels per day due to the impact of tensions in the Middle East.

OPEC+ increased oil production by 206,000 barrels per day in May 2026.
April 9, 2026 15:32

Faced with pressure from crude oil prices approaching $120 per barrel, OPEC+ decided to increase production quotas, but experts warn that this increase will not be enough to compensate for the supply shortfall.
OPEC+ increased production by 206,000 barrels per day in May 2026.
April 8, 2026 05:00

The OPEC+ alliance has agreed to increase crude oil production quotas by 206,000 barrels per day in May 2026 to calm the market amid oil prices approaching $120 per barrel.
Middle East conflict on the morning of April 6th: Fighting spreads, world oil prices surpass $110.
April 6, 2026 09:59

On the morning of April 6th, the Middle East continued to witness complex and dangerous developments. The escalating violence in many countries not only caused significant casualties among civilians but also...
OPEC oil production in March 2026 is expected to fall by 7.3 million barrels per day, the lowest level since the pandemic.
April 3, 2026 13:29

OPEC's total oil production in March 2026 plummeted to 21.57 million barrels per day due to shipping disruptions in the Strait of Hormuz.
OPEC oil production in March 2026 is expected to fall by 7.3 million barrels per day, the lowest level since the pandemic.
April 3, 2026 11:03

OPEC's output plummeted to 21.57 million barrels per day in March 2026 due to shipping disruptions in the Strait of Hormuz and production cuts from Iraq.
Saudi Arabia increases oil production to 10.88 million barrels per day to respond to the conflict in Iran.
March 13, 2026 09:02

An OPEC report indicates that Saudi Arabia significantly increased oil production in February 2026 to secure global supply amid the risk of geopolitical conflict in Iran.
Saudi Arabia increases oil production to 10.88 million barrels per day in response to the conflict with Iran.
March 13, 2026 08:00

OPEC's February 2026 report confirmed that Saudi Arabia had increased production to offset the risk of supply disruptions from the Middle East, while maintaining its forecast for global demand.
Algeria increases crude oil and natural gas production, strengthening its energy position by 2026.
March 9, 2026 10:00

With oil reserves of 12.2 billion barrels and natural gas reserves of 2.5 trillion cubic meters, Algeria plans to increase production from April 2026 to meet high demand from Europe amid complex geopolitical circumstances.
Algeria plans to increase oil and gas production and boost exports to Europe in 2026.
March 9, 2026 09:02

The North African nation plans to increase its crude oil production by 6,000 barrels per month from April 2026, while also optimizing its LNG infrastructure to compensate for the global supply shortfall.
Saudi Arabia increases oil production by 500,000 barrels per day as a precaution against geopolitical tensions.
March 6, 2026 09:10

Saudi Arabia is implementing a plan to increase crude oil production and exports to secure global supply in the face of energy disruptions from the US-Iran conflict.
Brent crude oil prices rose 4.7% to $81.40 a barrel due to disruptions in the Middle East.
March 5, 2026 13:33

Global oil and gas prices surged on March 3, 2026, as production and transportation disruptions in the Middle East threatened the world's energy supply chain.
OPEC oil production is expected to fall to 28.34 million barrels per day in January 2026.
March 3, 2026 06:31

A Reuters survey indicates that OPEC oil production will fall by 60,000 barrels per day in January 2026 due to declining supply from Nigeria and restrictive OPEC+ policies.
OPEC forecasts a 400,000 barrel/day drop in crude oil demand in the second quarter of 2026.
March 3, 2026 05:59

The latest OPEC market report indicates that oil demand from the OPEC+ group will fall to 42.20 million barrels per day in the second quarter of 2026, raising concerns about localized oversupply.
Brent crude oil prices rose to $71.06 despite a three-year increase in US crude oil inventories.
March 2, 2026 05:32

World oil prices edged higher on February 26, with Brent reaching $71.06 per barrel. However, the gains were curbed by an unexpected 16 million barrel increase in US crude oil inventories.
OPEC+ plans to increase production by 137,000 barrels per day starting in April 2026.
March 1, 2026 17:01

The OPEC+ oil alliance is likely to increase production by an additional 137,000 barrels per day by April 2026 to capitalize on price increases stemming from US-Iran tensions and in preparation for the peak season.

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