World News Story Opec To Boost Oil Production 50 Percent

OPEC and Allies Agree to Boost Oil Production, Then Pause

The Organization of the Petroleum Exporting Countries and its allies agreed to boost oil production next month but signaled they would soon pause output increases. Eight OPEC+ members led by Saudi ... Read More

OPEC+ seen keeping oil output unchanged, focus on capacity debate

OPEC+ is likely to leave output levels unchanged at its meeting on Sunday while focusing talks on a theoretical topic of how much oil its members can produce so the group can decide future policies, ... 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+ to increase oil production in November

A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to a small boost in oil production, citing a steady global economic outlook. The group said after a ... Read More

Despite a worldwide oil glut, OPEC+ will up production for third straight month

Members of the Organization of Petroleum Exporting Countries and their allies decided over the weekend to boost oil output by 137,000 barrels a day for the third straight month. They're increasing ... Read More

Oil Prices Sink 4% as OPEC Moves to Balanced 2026 Outlook

Oil prices fell sharply on Wednesday after OPEC said it now expects the global market to be balanced in 2026, abandoning its earlier deficit forecast as non-OPEC production rises and inventories recov ... Read More

Oil Giants Join OPEC in Boosting Production as Crude Tumbles

[Stay on top of transportation news: Get TTNews in your inbox.] The world’s biggest oil companies are expected to press ahead with plans to accelerate production growth when they report earnings this ... Read More

Iraq Negotiates Higher OPEC Oil Production Quota

Iraq is in discussions with OPEC to review its oil production quota as output capacity rises, Hayan Abdul Ghani, the Oil Minister of OPEC’s second largest producer, said on Monday. Iraq is in talks ... 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

OPEC and Allies Agree to Boost Oil Production, Then Pause

The Trump administration imposed new sanctions on Russian oil companies Lukoil and Rosneft as the talks to end the Russia-Ukraine war have stalled. Photo: Alex Brandon/Associated Press The ... Read More