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Crude output from the Other 8 OPEC producers (those not part of the Big 4) has risen at an average annual rate of 447 kb/d for the past 36 months. The OPEC Monthly Oil Market Report (MOMR ...

Prices for U.S. crude also rose about 2 percent to above $71 a barrel. OPEC Plus had first announced in June that it would gradually increase production by an estimated 2.2 million barrels a day ...

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.

Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost Exxon, Chevron, Shell, BP post production gains as crude drops OPEC plans to add barrels to the market starting in December ...

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.

according to a statement posted on OPEC’s website on Sunday. They had already postponed the restart from October as faltering demand in China and swelling supplies from the Americas pressure prices.

OPEC and its allies aren’t likely to bring oil output back this year because producers are “making huge money” from refined products, according to Rystad Energy. “Our view is that they ...

Oil prices were up by over 2.8% by 1216 GMT on Monday. "As soon as (OPEC) say we're going to release some production, the price went down immediately. Now they say we postpone until the end of the ...

ING and other forecasters had assumed the Saudis and OPEC would rather risk even lower prices with additional supply in order to regain market share. This clearly wasn’t the case. Therefore ...

LONDON, Oct 14 (Reuters) - OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the ...