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Eight OPEC+ countries raise production by 547,000 bpd
Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, along with the Saudis and Russians — together nicknamed the Voluntary Eight (V8) — currently produce about 41-42 million barrels a day, so the increase is about 1.5 percent.
A handful of independent Chinese oil companies are piling into Iraq, planning multi-billion-dollar projects to develop its ...
OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of ...
OPEC+ has scheduled a follow-up meeting on Sept. 7 to assess whether to revisit another 1.66 million barrels a day of idled ...
OPEC agreed on another bumper oil production increase for September, completing its current tranche of supply revival one year early as the group moves to reclaim its share of global crude markets.
Oil prices extended declines on Monday after OPEC+ agreed to another large production hike in September, with concerns about a slowing economy in the U.S., the world's biggest oil user, adding to the ...
OPEC is implementing a long-term strategy to regain market share and maintain high oil prices, leveraging geopolitical ...
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Analysis-China's independent oil firms elbow into Iraq's majors-dominated marketChina's independent oil companies are ramping up operations in Iraq, investing billions of dollars in OPEC's number two ...
Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, while a ...
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