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OPEC+
OPEC+ related news updates
OPEC+ to increase oil production from October, prioritizing protecting market share
OPEC+ decided to increase oil production by 137,000 barrels/day from October 2025, signaling a shift to protecting market share.
Market
Crude oil prices fall after OPEC+ decides to sharply increase production from September
Crude oil prices fell as OPEC+ increased production by 547,000 barrels per day, amid US threats of sanctions against Russia and concerns about a global economic slowdown.
8 OPEC+ countries plan to increase oil production
At a meeting on August 3, eight OPEC+ countries planned to increase oil production to 548,000 barrels per day.
New oil price war about to break out?
The oil price war cost OPEC hundreds of billions of dollars. Now that President Trump is back and US shale is recovering, will Saudi Arabia choose to fight or give in? The answer could determine global oil prices in 2025.
How will OPEC+ production increase shape crude oil prices?
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, increased oil production in July 2025 by 411,000 barrels per day, putting pressure on crude oil prices.
Is Trump sparking a new oil price war between OPEC and the West?
As US President Donald Trump announces that the federal government will focus on fossil fuel exploitation, a new oil price war may break out between the US and OPEC, especially with Saudi Arabia - the most influential member of this organization. The main reason comes from Mr. Trump's desire to reduce oil prices, while Saudi Arabia needs to maintain high prices to ensure a balanced budget.
President Trump will ask OPEC to lower oil prices for peace in Ukraine
US President Donald Trump will ask OPEC to cut oil prices to end the conflict in Ukraine.
Russia-US-OPEC+ Energy Race: The Most Fierce of the Century
January 21, 2025 19:00
President Donald Trump's shale oil policy against OPEC+, the close cooperation between Russia and Saudi Arabia through OPEC+, and tensions in the Middle East are all heating up the energy war of the century.
The West is wary of President Putin's 'new friend'
October 14, 2023 13:58
(Baonghean.vn) - Two oil-producing countries with opposing political views both hold the key to determining oil prices. They are Russia and Saudi Arabia.
US Newspaper: Russia and Saudi Arabia's strategy to reduce oil production has achieved high results
September 29, 2023 10:21
(Baonghean.vn) - The Wall Street Journal reported that by reducing the supply of "black gold", Russia and Saudi Arabia - the world's leading oil exporters, have significantly increased their sales revenue.
Russia wins the world 'oil war'?
August 14, 2023 20:00
(Baonghean.vn) - The close coordination between Russia and Saudi Arabia to limit the world's oil supply is beginning to bear fruit. On the one hand, it has an impact on the West, pushing up gasoline prices and the risk of economic recession. On the other hand, Russia's oil and gas revenue is growing again.
US President Biden 'broke faith' with Alaska because of Russia?
April 14, 2023 20:00
(Baonghean.vn) - The US has begun oil exploration in Alaska, which goes against President Biden's campaign promises. The amount of carbon emissions pumped into the atmosphere is estimated to be equivalent to 60 coal-fired power plants. In addition, OPEC+'s decision to cut oil production accidentally gave Russia a gift.
Gasoline price today February 17: Maintaining the upward trend
February 17, 2023 08:52
Gasoline prices today (February 17) on the world market still maintained a slight increase due to more positive expectations for consumption demand.
The world is experiencing its 'first true global energy crisis'
October 25, 2022 17:40
(Baonghean.vn) - On October 25, the head of the International Energy Agency (IEA) said that tightening liquefied natural gas (LNG) markets worldwide and major oil producers cutting supplies have put the world in “the first real global energy crisis”.
US efforts to punish OPEC+ will backfire on Washington
October 18, 2022 06:48
Washington's efforts to punish Saudi Arabia and other oil producers for their decision to cut OPEC+ oil production could impact the United States itself, Bloomberg writes.
The US affirms that Russia and Ukraine should talk directly to each other.
October 12, 2022 10:29
(Baonghean.vn) - US State Department spokesman Ned Price said that dialogue on the future of the Ukraine conflict must ultimately be between Moscow and Kiev, not with the West.
Historic OPEC+ deal: 'Pain reliever' for oil market?
April 14, 2020 09:45
(Baonghean) - The decision of the OPEC+ group (inside and outside the Organization of Petroleum Exporting Countries) to cut nearly 10 million barrels of oil per day in a step-by-step manner, starting from May 2020, is considered a historic step, saving the falling oil price, and at the same time helping to "reset" the OPEC+ alliance. However, this is probably just a "pain reliever" for the oil market because in the long run, to balance supply and demand, more efforts are needed.
President Trump: OPEC+ countries close to agreement to reduce oil production
April 10, 2020 09:39
(Baonghean.vn) - US President Donald Trump said he had a "very good conversation" with Russian President Vladimir Putin and King Salman of Saudi Arabia. The discussion aimed to find a solution to normalize cooperation in the energy industry. According to the US leader, OPEC+ countries are close to reaching an agreement on oil production to stabilize prices.
Trump eager to negotiate oil prices as No. 1 position is threatened
April 2, 2020 08:19
(Baonghean) - In the context of the oil price war between Russia and Saudi Arabia that is still at a stalemate, US President Donald Trump has just announced that he could participate in negotiations with both countries to find a solution.
Russia, US, OPEC divide the world with oil
March 27, 2020 20:04
(Baonghean.vn) - Today's international commentary section will discuss the ongoing fierce oil war. Russia and Saudi Arabia have continuously made bold decisions that have attracted attention in the oil market, causing world oil prices to continue to fall sharply.
US and North Korea agree to return to talks; Russia and Saudi Arabia discuss oil behind OPEC's back
July 1, 2019 06:23
(Baonghean.vn) - The US and North Korea agreed to return to negotiations after a historic meeting at the DMZ; Russia and Saudi Arabia discussed oil behind OPEC's back; West Africa's common currency is about to be put into circulation; Indonesia's Election Commission officially announced Mr. Joko Widodo as President... are the world's outstanding news in the past 24 hours.
Russia pockets $120 billion from oil deal
December 27, 2018 11:05
The deal between Russia and OPEC has made Moscow pocket 120 billion USD over the past 2 years.
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