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    In the last hour
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    Yesterday
    IEA unveils forecast for global oil supply Azeri-Press Agency06:41 14-Oct-26
    In the last 7 days
    OPEC+ ministers warn shipping disruptions Kuwait Times15:12 13-Oct-26
    OPEC’s daily crude oil production Anadolu Agency12:58 13-Oct-26
    Nigeria meets OPEC quota for fifth consecutive month The Sun News, Nigeria12:02 13-Oct-26
    OPEC+ seizes window to put barrels back Petroleum Economist11:41 12-Oct-26
    OPEC cuts 2026 oil demand growth forecast Oman Observer05:29 12-Oct-26
    In the last month
    OPEC+ keeps oil taps in check as Gulf exports fall The New Voice of Ukraine08:02 5-Oct-26
    OPEC+ Agrees to Keep Oil Production Steady The Astana Times03:40 5-Oct-26
    OPEC+ to keep November oil output targets steady The Nation, Nigeria01:29 5-Oct-26
    OPEC+ agrees to keep Nov oil output targets steady Business Recorder, Pakistan20:09 4-Oct-26
    OPEC+ keeps output quotas steady Kuwait Times13:41 4-Oct-26
    OPEC+ delays 2027 oil capacity review Shafaq News09:59 2-Oct-26
    Opec+ likely to keep output targets steady at Sunday meeting Arabian Gulf Business Insight06:15 30-Sep-26
    An ‘AI OPEC’ is unlikely Semafor15:37 17-Sep-26
    How the U.S. Broke Its Dependence on OPEC Oil Visual Capitalist13:02 17-Sep-26
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    15 Oct 02:44

    About our OPEC news

    Latest news on OPEC, the Organisation of the Petroleum Exporting Countries, which is an organisation enabling the co-operation of leading oil-producing countries to collectively influence the global market and maximise profit. OPEC+ is a larger group that includes OPEC and 10 other major oil-producing countries, such as Russia, that have aligned with OPEC to form an alliance to have more control over the global crude oil market. OPEC and OPEC+ influence oil prices by setting production targets for their member nations, affecting the global supply and demand of oil.

    As of June 2024, several OPEC+ countries have announced the extension of additional voluntary cuts of 2.2 million barrels per day for the second quarter of 2024. Saudi Arabia, the de facto leader of OPEC, has extended its voluntary cut of 1 million barrels per day through the end of June, maintaining its production at around 9 million barrels per day. Russia has also committed to an additional cut of 471,000 barrels per day. These measures are aimed at supporting market stability amid economic uncertainty and fluctuating demand.


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