World News Story Opec To Boost Oil Production 50 Percent
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OPEC shifts oil outlook to see small surplus in 2026
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 from its earlier ... 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 Reaffirms Global Oil Demand Growth Of 1.3 Million BPD This Year
Oil production in October slipped by 73,000 bpd to 43.02 million barrels per day. ・OPEC reaffirmed its forecast of global oil demand growth of 1.3 million barrels per day this year. ・OPEC trimmed ... Read More
World oil and gas demand could grow until 2050, IEA says
Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from previous expectations of a speedy transition to cleaner fuels following U.S. Read More
OPEC Plus Signals Cautious Approach to Oil Production
Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply. Read More
NEED TO FILL UP? What OPEC's announcement means for gas prices down the road
GRAND RAPIDS, Mich. — It’s Tuesday, and we're discussing gas prices. A significant announcement came down from OPEC over the weekend: the organization has decided to increase oil production once again ... Read More
Oil Rises After Modest OPEC+ Output Hike
Oil rose after OPEC+ agreed to raise production by a modest amount, staving off traders' fears of a super-sized increase. West Texas Intermediate topped $61 a barrel, following a 7.4% slump last week. Read More
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