World News Story Opec To Boost Oil Production 50 Percent

OPEC and allies to boost oil production

In an effort to boost revenue without driving up prices, OPEC and its allies agreed to continue taking a cautious approach to oil production, authorizing an increase consistent with earlier actions. Read More

OPEC+ Oil Production Jumped by 630,000 Bpd in September

The members of the OPEC+ group boosted their production in September by 630,000 barrels per day (bpd) from August as the alliance last month completed the unwinding of 2.2 million bpd cuts that began ... Read More

OPEC Plus Agrees to Small Boost in Oil Production

Saudi Arabia, the de facto leader of the oil cartel, sees advantages in increasing output despite market risks. By Stanley Reed Reporting from London Eight members of the OPEC Plus oil producers group ... Read More

OPEC points to smaller 2026 oil supply deficit as OPEC+ pumps more

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 outlook, which ... Read More

OPEC Chief: The World Needs $18.2 Trillion in Oil and Gas Investment

OPEC Secretary General Haitham Al Ghais states that significant investment in oil and gas is crucial as these resources will remain a large part of the global energy mix through 2050. Read More

OPEC refutes reports on oil production boost by eight OPEC+ countries

MOSCOW, September 30. /TASS/. The OPEC Secretariat rejected mass media reports alleging that eight OPEC+ countries plan to scale up oil production by 500,000 barrels daily during three months. "At ... Read More

OPEC and Allies Agree to Boost Oil Production

The Organization of the Petroleum Exporting Countries and its allies agreed on a restrained oil output increase on par with earlier moves, a bet that the group can eke out more revenue without causing ... Read More