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Oil Output

OPEC+ backs modest oil output hike despite UAE exit

02 May 2026-16:24
Libya’s oil output rises to highest level in over a decade

Libya’s oil output has risen to approximately 1.43 million barrels per day, marking the highest level recorded in over a decade, Chairman of Libya’s National Oil Corporation, Masoud Suleiman, announced Sunday.

06 Apr 2026-14:10
OPEC+ agrees to raise oil output amid Mideast tensions

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, announced on Sunday that they will raise oil production by 206,000 barrels per day in May, according to an official statement.

06 Apr 2026-11:06
Iraq slashes oil output by 70% amid Middle East war

21 Mar 2026-01:14
Saudi Aramco begins reducing oil output

09 Mar 2026-15:48
IEA cuts global oil demand growth outlook for 2026

Global oil demand is projected to increase by 849,000 barrels per day (bpd) in 2026, according to the latest report from the International Energy Agency (IEA).

12 Feb 2026-16:50
OPEC+ extends pause on oil output hikes

The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, decided on Sunday to continue pausing planned oil output increases in March, OPEC said in a statement.

02 Feb 2026-09:46
Oil prices slip after four-day rally amid Iran unrest

Oil prices fell on Wednesday following the largest four-day gain in more than six months, as traders assessed the U.S. response to unrest in Iran.

14 Jan 2026-13:41
Oil dips as market weighs Venezuela turmoil, supply glut

Oil prices edged lower as investors assessed the potential fallout from the capture of Venezuelan President Nicolás Maduro by US forces and what it could mean for global crude supplies and Venezuela’s wider energy sector.

05 Jan 2026-10:53
OPEC+ ministers uphold earlier oil output plans for 2026

OPEC says OPEC+ countries have reaffirmed their commitment to the current agreements defining overall oil production levels through the end of 2026, News.Az reports, citing TASS.

01 Dec 2025-01:24

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