OPEC+

OPEC+

OPEC+ set to approve another oil output increase, sources say

OPEC+ set to approve another oil output increase, sources say

Seven core members of OPEC+, which ⁠groups OPEC and allied producers including Russia, have increased their output quotas from April through July by almost 800,000 barrels ​per day.

FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger

OPEC+ approves fourth oil output quota hike since Hormuz closure

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen inside its headquarters in Vienna, Austria, 7 December, 2018. Photo: Reuters

OPEC+ set for fourth oil quota hike since Hormuz closure: Sources

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+ agrees in principle on small oil output quota hike without UAE, sources say

A model of an oil pump is seen in front of a Russian flag in this illustration taken January 9, 2026. Photo: Reuters

Russia says OPEC+ will continue after UAE exit, no price war expected

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen inside its headquarters in Vienna, Austria, 7 December, 2018. Photo: Reuters

What UAE’s exit from OPEC means for global oil markets

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

UAE leaves OPEC and OPEC+ in major blow to global oil producers' group

Opec+ agrees to boost oil output when Strait of Hormuz reopens

Opec+ agrees to boost oil output when Strait of Hormuz reopens

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+ agrees to boost oil output when Strait of Hormuz reopens

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+ debates oil output boost as US war on Iran disrupts shipments

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

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