OPEC+

OPEC+

A view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. Photo: REUTERS/Stringer/File Photo

OPEC+ pauses oil output hikes beyond December amid glut fears

OPEC+ has raised output targets by around 2.9 million barrels per day - or around 2.7% of global supply - since April, but slowed the pace from October amid predictions of a looming oversupply

A flame rises from a chimney of an oil field in Iraq's Kurdistan region, August 16, 2014. Photo: REUTERS/Azad Lashkari/File Photo

Oil prices slip as Kurdistan resumes crude exports, OPEC+ plans output hike

A view shows a pressure gauge near oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. Photo: REUTERS/Stringer/File Photo

Oil rises on modest OPEC+ output hike, Russia supply concern

People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. Photo: REUTERS/Maxim Shemetov/File Photo

Oil gains on prospect of more sanctions on Russia; OPEC+ output hike seen modest

People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. Photo: REUTERS/Maxim Shemetov/File Photo

OPEC+ will likely raise oil output further from October: sources

Oil tumbles as OPEC+ hikes August output more than expected

Oil tumbles as OPEC+ hikes August output more than expected

Bull statues are placed in font of screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong, China, August 18, 2023. Photo: REUTERS/Tyrone Siu/File Photo

Stocks slip in Asia on US tariff confusion, oil skids

OPEC+ may further accelerate oil output hikes on Saturday: sources

OPEC+ may further accelerate oil output hikes on Saturday: sources

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. Photo: China Daily via REUTERS

Oil prices little changed as expectations for OPEC+ increase weigh

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil falls on prospect of more OPEC+ supply, easing risks in Mideast

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

Oil slips on rising OPEC+ output, despite Canadian supply concerns

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

OPEC+ oil producers stick to their guns with another big hike for July

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

Oil falls as higher OPEC+ output expectations weigh on sentiment