Economy News Opec Sees Healthy Growing Global Economy

OPEC shifts oil outlook to see small surplus in 2026

The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift from its earlier ... Read More

OPEC sees balanced oil market in 2026, moves further away from deficit projection

LONDON (Reuters) -World oil supply is expected to match demand next year in ​a reflection of the wider OPEC+ group's production ‌increases, an OPEC report showed on Wednesday, marking a further shift ... Read More

OPEC and Allies Agree to Boost Oil Production, Then Pause

The move caps a dramatic month in oil markets, riven by concerns of a supply glut and uncertainty over sanctions on Russian producers. Read More

OPEC Points to Smaller 2026 Oil Supply Deficit as OPEC+ Pumps More

LONDON (Reuters) -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month's ... Read More

OPEC+ agrees to another output hike in November despite growing concerns of glut

Prices for U.S. benchmark West Texas Intermediate crude slumped last week on oversupply fears. OPEC+ on Sunday agreed to increase crude production in November by another 137,000 barrels a day, despite ... Read More

OPEC+ 8 Decide to Implement Output Adjustment

Like in the group's recent meetings, this round also offered a surprise', Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, said. Read More

OPEC+ Differences Re-Emerge Amid Growing Signs of Oil Surplus

Welcome to our guide to the commodities powering the global economy. Today, OPEC+ reporter Grant Smith looks at the implications of the weekend’s output decision. The latest rapid decision by OPEC+ to ... Read More