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OPEC PLUS
OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: ReportOPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...- OPEC+ set to approve third supply increase since Hormuz disruption, sources sayOPEC+ plans a small oil output increase. This boost will be symbolic as the U.S.-Iran conflict blocks vital Gulf oil routes. The Strait of ...
- UAE’s OPEC+ exit signals structural fractures, but near-term oil impact limited: Matt OrtonUAE's exit from OPEC+ coordination has little short-term oil impact. Geopolitical issues dominate. Markets have rallied, but easy gains are...
- UAE’s exit could reshape OPEC+ oil supply dynamics: Peter CardilloThe UAE's reported exit from OPEC+ is sparking concerns about the alliance's long-term cohesion, though immediate market disruption is limi...
- Decontrol oil prices and replace cross-subsidies with targeted DBTs for needy householdsDuring recent global crude price volatility linked to West Asia tensions, retail fuel prices in India remained largely unchanged, unlike in...
- OPEC confirms big Saudi oil production hike ahead of Iran war, holds forecasts steadySaudi Arabia significantly boosted oil production in February as a safeguard against potential disruptions from U.S. and Israeli strikes on...
- OPEC+ may consider larger oil output boost, sources say, as Saudi, UAE up exportsThe eight OPEC+ members raised production quotas by about 2.9 million bpd from April through December 2025, roughly 3% of global demand, be...
- How successful has OPEC+'s oil output policy been in 2025?After years of slashing output to prop up prices, key members of the OPEC+ group, including Saudi Arabia and Russia, surprised markets earl...
- Iran-Israel conflict not to alter OPEC trajectory, to continue 2.2 million barrels/ day production cuts: Vandana HariVandana Hari of Vanda Insights suggests OPEC+ will likely proceed with easing production cuts. This decision stems from internal group dyna...
- Oil prices remain under pressure on softening demand and oversupply worriesThe US benchmark, NYMEX futures, slipped below $70 a barrel last week while its Asian counterpart, Brent crude, traded at a six-month low o...
- Crude oil prices rise to 3-month high. What’s next?The Opec-plus countries, which pump almost 40% of the world’s crude, have a broader plan to limit supply into 2024 and prop up global oil p...
- OPEC plus decision to reduce production surprising on several fronts: Vandana HariBut the other thing that was a major dampener on the markets and partly explains OPEC's latest move is that Chinese oil demand rebound has ...
- Is the downtrend in crude prices sustainable? Vandana Hari explains“Demand generally is softening and that is a bearish pressure on crude prices but we still have to see what happens around the December 5 b...
- Don’t really see G-7 price cap on Russian oil taking off but it creates uncertainty: Vandana Hari“I expect a rollover or a token cut in the OPEC Plus meeting. They increased production by about 100,000 barrels per day for September whic...
- Deliberate OPEC-plus actions keeping oil on the boilTo suggest that the current supplydemand is balanced at the existing production levels is aresponse oblivious to the kind of chaos that we ...
- Oil price above $75 a barrel is unpalatable for EMs: Vandana Hari“Neither the US, nor India has made a call to Opec to put more oil in the market as we saw more than a year ago. ”
- Oil spikes, then falls back after OPEC+ fails to reach a dealWest Texas Intermediate, the U.S. bench mark, rose as high as $76.98 a barrel earlier in the day, its highest in more than six years, befor...
- India pitches for easing cuts in crude oil productionSpokesperson in the Ministry of External Affairs Arindam Bagchi also said that crude supply should be market determined rather than artific...
- Saudi Arabia marginalised Russia by deciding to keep lid on crude output: Vandana Hari“I see Saudi Arabia and within that the Crown Prince MBS and his strategy written all over yesterday’s decision.”
- Members of oil cartel to meet as coronavirus rattles demandThe group has to reach agreement among its member countries and the additional members in the group known as OPEC Plus, which is led by Rus...
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