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OPEC+ boosts June crude output by 390,000 b/d, but wide quota gap persists: Platts survey

OPEC and its Russia-led allies hiked crude oil production by 390,000 b/d in June, according to the latest Platts survey by S&P Global Commodity...

Oil production increases 1% in June, slightly above OPEC+ quota

Iraq’s oil production rose 1% in June from a month earlier, figures from state oil marketer SOMO showed July 7, as the country pumped...

Oil prices to remain high over coming quarters: Emirates NBD

Emirates NBD expects oil prices to be high over the coming quarters, targeting Brent at $/barrel on average in third quarter (Q3) and $/b...

OPEC+ reaffirms August oil production hike, leaves future output policy undecided

An increasingly stretched OPEC and its allies on June 30 reaffirmed plans for a nominal 648,000 b/d production rise in August, as questions continued...

OPEC+ begins policy debate as capacity constraints loom

OPEC and OPEC+ begin a series of two-day meetings on Wednesday with sources saying chances of a big policy change look unlikely this month. At...

OPEC+ move dispels Asia’s crude supply concerns amid reviving demand

Asia is breathing a sigh of relief amid growing expectations that the move by the OPEC-led alliance to boost supplies as well as sustained...

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