OPEC 12 output decreased by 135 kb/d with the largest increases from Iraq (38 kb/d), UAE (14 kb/d), and Saudi Arabia (13 kb/d). Read more here.

OPEC plus annual average output is expected to rise by about 1179 kb/d from 2024 to 2026, based on the STEO forecast, which is an annual rate of increase of about 590 kb/d. Non-OPEC plus nations minus ...

LONDON (Reuters) -Oil prices climbed by over 1% on Wednesday, helped by a smaller than expected output hike from producer group OPEC+ next month, though concerns about oversupply capped further gains.

Oil prices rose more than 1% to a one-week high on Wednesday as traders expected a lack of progress on a Ukraine peace deal to keep sanctions in place against Moscow and a weekly report showed an ...