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OPEC oil output rises in June on Saudi and UAE hikes, Reuters survey finds
OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction.
Agence France-Presse on MSN3h
Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further increase oil output in August.They decided to hike production to 548,000 barrels per day, a statement following a meeting in Vienna said. Analysts had expected the alliance to decide on another output increase of 411,000 barrels ...
OPEC has agreed in principle to further accelerate its supply increases next month, delegates said, as the group led by Saudi Arabia seeks to reclaim market share.
OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether ...
OPEC+ members, including Saudi Arabia and Russia, are expected to agree on a 411,000 barrels per day production increase for ...
Saudi Arabia's oil exports jumped to the highest level in more than a year in June as the kingdom shipped more crude to ...
Saudi Arabia’s oil exports soared in June as the kingdom tries to claw back market share from other members of the energy ...
The Organisation of Petroleum Exporting Countries (OPEC) pumped a total of oil and condensate of 2.15 million barrels a day ...
The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.
OPEC+ is preparing to discuss another large production increase at its upcoming meeting, as Saudi Arabia continues its strategy to regain market share, according to a report from Bloomberg.
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