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    In the last 7 days
    OPEC output rose in July, led by Gulf nations Transport Topics19:32 4-Aug-26
    Oman seen backing OPEC+ output strategy Oman Observer18:46 3-Aug-26
    OPEC+ raises production targets Semafor23:39 2-Aug-26
    Raw: OPEC To Increase September Production Charlottesville Daily Progress, Virginia22:06 2-Aug-26
    Opec+ boosts September production The Daily Star, Bangladesh18:52 2-Aug-26
    OPEC+ Agrees September Oil Hike Asharq Al-Awsat16:40 2-Aug-26
    OPEC+ boosts September production by 188,000 barrels/day Bangladesh Sangbad Sangstha13:35 2-Aug-26
    In the last month
    The UAE’s departure will test OPEC GIS Reports07:04 28-Jul-26
    OPEC and the next surplus bne IntelliNews20:53 26-Jul-26
    Azerbaijan's daily oil production volume announced Azeri-Press Agency09:40 17-Jul-26
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    7 Aug 15:21

    About our OPEC news

    Latest news on OPEC, the Organisation of the Petroleum Exporting Countries, which is an organisation enabling the co-operation of leading oil-producing countries to collectively influence the global market and maximise profit. OPEC+ is a larger group that includes OPEC and 10 other major oil-producing countries, such as Russia, that have aligned with OPEC to form an alliance to have more control over the global crude oil market. OPEC and OPEC+ influence oil prices by setting production targets for their member nations, affecting the global supply and demand of oil.

    As of June 2024, several OPEC+ countries have announced the extension of additional voluntary cuts of 2.2 million barrels per day for the second quarter of 2024. Saudi Arabia, the de facto leader of OPEC, has extended its voluntary cut of 1 million barrels per day through the end of June, maintaining its production at around 9 million barrels per day. Russia has also committed to an additional cut of 471,000 barrels per day. These measures are aimed at supporting market stability amid economic uncertainty and fluctuating demand.


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