The Latest Breaking News on OPEC+

What Will It Take For OPEC+ To Increase Its Oil Output?

The worsening oil supply shortage in the wake of the Russian invasion of Ukraine has sent pump prices to record…

UAE Energy Minister Asserts Commitment to OPEC+ Agreement

The United Arab Emirates is committed to the OPEC+ agreement and its existing monthly production adjustment mechanism, its energy minister…

Asharq Al-Awsat

Russian bond default ‘imminent’, as inflation jumps; markets surge as oil falls back – as it happened

UK announces new aviation sanctions against Russia and investigates plane at Farnborough

The Guardian - UK

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Oil price jumps to nearly $114; natural gas prices reach record highs – as it happened

US and European shares push higher, while rouble drops 8% and Moscow stock exchange stays shut for third day, as…

The Guardian - UK

Oil Prices Soar On OPEC+ Vote, And Global Russian Oil Shift

OPEC+ decided to keep its production increase steady when it met Wednesday sending oil prices surging to an 11-year high…

Investors Business Daily

Saudi Energy Minister: Kingdom Seeks Ensuring Immunity of Energy World’s Three Pillars

Saudi Energy Minister Prince Abdulaziz bin Salman confirmed that Saudi Arabia seeks to ensure the immunity of the three pillars…

Asharq Al-Awsat

OPEC+ Would Seek to Bring Iran into Oil Supply Deal

OPEC+ will work to integrate Iran into its oil supply-limiting accord should agreement be reached on reviving its nuclear deal…

Asharq Al-Awsat

Oil’s Spectacular Covid Crash Set the World Up for $100 Crude

The energy industry cut back during the pandemic, paving the way for a runaway rally that has huge implications for…

Bloomberg

Energy costs are set to rise further as producers struggle to lift output

Soaring global oil prices could climb further because of the OPEC+ coalition’s “chronic” struggle to revive production, unless the group’s…

Irish Independent

From analysis to good news, read the world’s best news in one place

Saudi Arabia Pushes for Oil Market Balance, Stability

Saudi Arabia is exerting strenuous efforts to achieve the stability of the oil sector in the global economy, experts told…

Asharq Al-Awsat

With Capacity Running Low, OPEC+ Can Do Little To Stave Off $100 Oil

Tight supplies and geopolitical tensions have boosted oil prices by about 15% so far this year, with little hope for…

OPEC+ to Stick to Policy Despite Oil Price Rally

OPEC+ will likely stick to existing policies of moderate output increases even as it expects demand to rise to new…

Asharq Al-Awsat

Oil climbs close to seven-year high as OPEC+ sticks to output plan

Tight oil supplies and geopolitical tensions in Eastern Europe and the Middle East have boosted oil prices by about 15%…

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OPEC+ backs another modest oil output hike despite surging prices

London (AFP) - Top oil-producing countries led by Saudi Arabia and Russia announced another modest increase in output on Wednesday…

OPEC+ eyes modest output boost despite price surge

London (AFP) - Top oil producing countries led by Saudi Arabia and Russia are expected to stick to their guns…

Oil producers discuss production levels as prices hit seven-year high

Ministers from the OPEC+ group of oil-producing countries are meeting on Wednesday to discuss supply levels, as prices have soared…

Stocks advance on strong earnings, oil flat before OPEC+

London (AFP) - European stock markets rose Wednesday following strong global earnings that lifted Asian and Wall Street equities overnight.

OPEC+ decides oil output amid concern over Russia, Ukraine

Major oil-producing countries are deciding how much crude to pump to the world next month

The Independent UK

Oil climbs near seven-year high as traders count down to OPEC+

Crude has roared higher in 2022 after jumping 55% last year.

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OPEC+ Expected to Stick to Planned March Output Target Increase

OPEC+ will probably stick with a planned increase in its oil output target for March when it meets on Wednesday…

Asharq Al-Awsat

4 Best Energy ETFs That Pay Dividends

Despite OPEC and its allies’ (aka OPEC+) plans to raise their oil production output target beginning in February, rising demand…

Saudi Energy Minister Says OPEC+ Has Done a Lot to Stabilize Global Energy Markets

Saudi Energy Minister Prince Abdulaziz bin Salman said the Organization of Petroleum Exporting Countries (OPEC) and its allies, referred to…

Asharq Al-Awsat