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Tag: opec

OPEC+ agrees to further boost oil output to regain market share

OPEC+ agrees to further boost oil output to regain market share

September 7, 2025

OPEC+ has agreed to further raise oil production beginning in October as leader Saudi Arabia pushes to regain market share, ...

The Organization of Petroleum Exporting Countries will slash oil production by 1.16 million barrels per day starting in May.

Oil prices spike 8% after OPEC+ cut stokes US inflation fears

April 3, 2023

Oil prices surged by as much as 8% following the surprise announcement by petroleum-producing countries that make up the OPEC+ ...

Oil prices could rise worldwide as Saudi Arabia announces cut of 500,000 barrels daily

Oil prices could rise worldwide as Saudi Arabia announces cut of 500,000 barrels daily

April 2, 2023

DUBAI, United Arab Emirates (AP) — Saudi Arabia said Sunday it will cut oil production by 500,000 barrels per day ...

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