OPEC+

Russia’s oil output falls further below OPEC+ quota after Ukrainian strikes

Russia’s oil production fell in August, leaving the country increasingly far below its allotted OPEC+ quota after Ukraine stepped up attacks on the aggressor’s oil assets.

11 September, 12:14 PM

UAE exit from OPEC threatens unity of Saudi-led oil alliance

The United Arab Emirates said it is leaving OPEC and OPEC+, dealing a major blow to the oil producer groups and their de facto leader, Saudi Arabia, Reuters reported on April 28.

28 April, 08:27 PM

OPEC+ to boost oil output by 1.65 million barrels daily

OPEC+ countries, which have raised oil production quotas by 2.5 million barrels per day (2.4% of global demand) over the past six months, are preparing to increase quotas further, Reuters reported on Sept. 3.

3 September 2025, 05:59 PM

Indian refiners race to replace Russian crude under U.S. pressure - Bloomberg

Indian refineries, the world’s largest importer of Russian seaborne crude oil, are scouring the globe for alternative supplies ahead of the U.S.–Russia leaders’ summit, Bloomberg reported on Aug. 14.

14 August 2025, 03:18 PM

‘That wouldn’t be so bad’: Trump says Putin could stop the war if oil drops $10 more

U.S. President Donald Trump said Russian dictator Vladimir Putin could end the war in Ukraine if global oil prices fall by another $10 per barrel, according to an interview with CNBC published Aug. 5.

5 August 2025, 08:53 PM

Oil prices slide as OPEC+ weighs third output boost

OPEC+ members are considering a third consecutive increase in oil production for July, Bloomberg reported on May 22.

22 May 2025, 12:35 PM

Brent, WTI oil prices climb on potential US-China tariff de-escalation

Oil prices rose 0.8% on May 2, with Brent at $62.62 and WTI at $59.74 per barrel, after China expressed willingness to negotiate with the United States on tariffs, raising hopes of de-escalating the trade war, Reuters reported.

2 May 2025, 01:07 PM

Global oil prices to dip 15 percent in 2025, says IMF

The International Monetary Fund forecasts that oil prices will average $66.9 per barrel in 2025 and drop to $62.4 in 2026, according to its April 2025 World Economic Outlook report.

22 April 2025, 05:00 PM

OPEC+