While OPEC has raised production ceilings—137,000 bpd in April, 411,000 bpd in May and June, and now targeting 548,000 bpd in August—prices haven’t collapsed as feared.

OPEC+ crude production rose in June but fell short of its planned hike, with Saudi Arabia clarifying its output amid market scrutiny.

The oil cartel - which produces 40 percent of the world’s total oil output - agreed to further increase output in August.

The increase is all the more likely due to "the latest statements of Kazakh Energy Minister Yerlan Akkenzhenov, who has apparently already informed OPEC that his country will not reduce production ...

Earnings Call Insights: ProFrac Holding Corp. (ACDC) Q1 2025 Management View Executive Chairman Matt Wilks reported a 32% increase in revenue to $600 million and an 83% rise in adjusted EBITDA to ...

Global oil prices are expected to remain low this week following the decision of Opec and its allies to increase production, says Thai Oil Plc (TOP), the country's largest refiner by capacity.With the ...

Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day in September, which would complete the unwinding of 2.2 million bpd of ...

Kazakhstan's oil production in the first half of 2025 witnessed a significant surge of approximately 11.6%, reaching 49.9 ...

March’s production increased by 869 kb/d to 45,459 kb/d for these eleven Non-OPEC countries, while as a whole, the Non-OPEC countries saw a yearly production increase of 674 kb/d to 54,188 kb/d.