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OPEC+ News

Brent Crude Falls 2.2% to $107.34 a Barrel

Brent crude falls 2.2% to $107.34 a barrel

OPEC Raises 2027 Oil Demand Forecast as September Output Increases

OPEC Raises 2027 Oil Demand Forecast

Major Oil Exporters to Maintain Production Levels Amid Rising Prices

OPEC+ to Keep Oil Production Steady in November

OPEC+ Keeps Oil Supply Unchanged for November

OPEC+, led by Saudi Arabia and Russia, will maintain its oil supply levels unchanged for November, mirroring last month's decision. The agreement includes support from other member countries amid ongoing energy market scrutiny.

Brent Crude Oil Hits $97.82 Amid Middle East Tensions

Brent crude oil prices have climbed to $97.82 per barrel, driven by concerns over escalating tensions in the Middle East and potential conflict. OPEC+'s decision to maintain production levels also contributed to the price increase.

Trump: Strait of Hormuz secure, 30 tankers pass daily

US President Donald Trump stated the Strait of Hormuz is in a "very good condition" with an average of 30 tankers passing daily under US Navy escort. He also criticized Iran and commented on oil prices.

OPEC Crude Oil Production Increased by 1.66 Million Barrels Per Day in July

OPEC oil output rose 1.66M bpd in July

OPEC+ to Increase Oil Production Quotas by 188,000 Barrels Per Day in September

OPEC+ boosts September oil output by 188,000 bpd

OPEC+ is an international alliance of oil-producing nations that coordinates global petroleum production policies.