OPEC+ News

Schlumberger Q2 2025 Earnings Report: Revenue Dips 6% Amid Market Challenges

Schlumberger reports a 6% revenue drop in Q2 2025 to $8.5 billion, with net income falling 9% to $1 billion. CEO Olivier Le Peuch comments on the challenging market dynamics affect...

Oil Prices Dip 1% as US Inventories Report Looms Amid Trade and Supply Concerns

Oil prices fell by 1% as markets await the US Energy Information Administration's inventory report, with concerns over OPEC+ production increases and US trade tariffs adding to ove...

India's Trade Deficit Narrows to $20 Billion in June as Oil and Gold Imports Decline

India's merchandise trade deficit narrowed to $20.7 billion in June 2025, aided by lower oil and gold imports. Strategic sourcing shifts and global oil price drops contributed to t...

Saudi Arabia Boosts June Oil Production Amid Rising Geopolitical Tensions and Global Supply Concerns

Saudi Arabia increased its June oil output due to geopolitical tensions, adhering to OPEC+ quotas. The extra production bolstered domestic and offshore reserves, ensuring global en...

Global Oil Demand Growth Faces Downturn: IEA Cuts Forecast for 2025 and 2026

The IEA has revised its global oil demand growth forecasts downward for 2025 and 2026, signaling a slower growth pace. Meanwhile, supply forecasts have been adjusted upwards follow...

Global Gasoline Prices Hit Three-Week Low Amid OPEC+ Production Adjustments and Geopolitical Tensions

Gasoline prices, including RON95 and Biofuel E5 RON92, have significantly dropped due to OPEC+ production increases, geopolitical tensions, and rising U.S. crude inventories, marki...

Global Tensions and Policies Fuel Surge in Gasoline Prices Worldwide

Gasoline prices have risen globally, with RON95 increasing by 2.19% to VND19,590 per liter. Biofuel E5 RON92 and diesel also saw hikes. Factors include U.S.-China trade agreements,...

Oil Prices Slide Over 1% Amid OPEC+ Output Increase and US Crude Inventory Drop

Crude oil prices declined over 1% due to OPEC+ output increase concerns and US trade tariffs affecting demand, despite a significant drop in US crude inventories.

Oil Prices Tumble Over 1% as OPEC+ Output Hike Sparks Oversupply Fears

Crude oil prices declined over 1% as OPEC+ members suggested accelerating output hikes, sparking oversupply concerns. WTI and Brent crude both saw decreases, with US trade tariffs ...

Crude Oil Prices Take a Hit: OPEC+ Output Hike Sparks Oversupply Fears Amid Demand Concerns

Crude oil prices fell over 1% as OPEC+ members' decision to increase output sparks oversupply concerns, despite a significant drop in US crude stockpiles. WTI and Brent crude price...

Geopolitical Tensions Fuel Surge: Oil Prices Leap Over 2.5% Amid Middle East Unrest

Crude oil prices experienced a notable increase of over 2.5% on Tuesday, recovering from a recent decline due to OPEC+'s output hike. The rebound is further fueled by heightened Mi...

Geopolitical Tensions and OPEC+ Decisions Fuel a 2.5% Surge in Crude Oil Prices

Crude oil prices rebounded by over 2.5% following OPEC+'s decision to increase output and heightened Middle East tensions, with WTI and Brent prices showing significant gains.

Oil Prices Surge Over 2.5% as Geopolitical Tensions Escalate in the Middle East

Crude oil prices rose by over 2.5% due to escalating Middle East tensions and Hamas's withdrawal from truce talks with Israel, despite OPEC+'s decision to increase output. WTI and ...

Geopolitical Tensions Fuel a 2.5% Surge in Crude Oil Prices Amid OPEC+ Output Decision

Crude oil prices rebounded by over 2.5% after OPEC+ decided to increase output, with Middle East tensions further influencing the market. WTI and Brent prices saw significant rises...

Geopolitical Tensions and OPEC+ Decisions Fuel a 2.5% Surge in Oil Prices

Crude oil prices surged by over 2.5% amidst geopolitical tensions and OPEC+'s output increase decision, with WTI and Brent both seeing significant gains.

Geopolitical Tensions Fuel a 2.5% Surge in Crude Oil Prices Amid OPEC+ Output Adjustments

Crude oil prices surged over 2.5% due to geopolitical tensions and OPEC+'s output increase, with WTI and Brent prices showing significant gains. Hamas's withdrawal from truce talks...

Geopolitical Tensions Fuel a 2.5% Surge in Crude Oil Prices Amid OPEC+ Output Adjustments

Crude oil prices surged over 2.5% as geopolitical tensions and OPEC+ output adjustments impact the market. WTI and Brent futures both saw significant increases.

Geopolitical Tensions Fuel a 2.5% Surge in Oil Prices Amid OPEC+ Output Decisions

Crude oil prices surged over 2.5% amid geopolitical tensions and OPEC+'s output increase, with WTI and Brent prices showing significant gains. Hamas's withdrawal from truce talks a...

Geopolitical Tensions Fuel a 2.5% Surge in Oil Prices Amid OPEC+ Output Decisions

Crude oil prices surged over 2.5% amid geopolitical tensions and OPEC+ output decisions, with WTI and Brent both seeing significant increases. Hamas's withdrawal from truce talks w...

Geopolitical Tensions Spark a Surge: Oil Prices Leap Over 2.5% Amidst Middle East Unrest

Crude oil prices surged over 2.5% amid geopolitical tensions in the Middle East, with Hamas rejecting truce talks with Israel. WTI and Brent crude both saw significant increases, r...

Geopolitical Tensions Spark 2.5% Surge in Crude Oil Prices Amid OPEC+ Output Decisions

Crude oil prices surged by over 2.5% amid geopolitical tensions and OPEC+'s output increase decision. WTI and Brent futures both saw significant gains, reflecting market reactions ...

Geopolitical Tensions Fuel a 2.5% Surge in Crude Oil Prices Amid OPEC+ Output Adjustments

Crude oil prices surged by more than 2.5% amid geopolitical tensions and OPEC+'s decision to increase output. Middle East tensions, particularly Hamas's withdrawal from truce talks...

Oil Prices Plunge 4% Following OPEC+ Decision to Increase Production for Second Month

Crude oil futures dropped 4% after OPEC+ agreed to increase production by 411,000 barrels per day in June, affecting WTI and Brent prices significantly.

Oil Prices Drop 1% Amid Trade War Fears and OPEC+ Output Speculations

Oil prices fell by over 1% following President Trump's comments on trade tariffs and speculation about OPEC+ increasing output, raising oversupply concerns. WTI and Brent crude pri...

Oil Prices Dip Over 1% Amid Trade War Fears and OPEC+ Output Speculations

Oil prices fell over 1% due to trade war fears and speculations about OPEC+ increasing output, with WTI and Brent crude both seeing declines in early trading.

Oil Prices Drop 1% Amid Lingering Trade War Fears and OPEC+ Output Speculations

Oil prices fell over 1% due to trade war concerns and speculation about OPEC+ increasing output, with WTI and Brent crude prices dropping to $62.84 and $66.58 per barrel respective...

Oil Prices Dip Over 1% Amid Renewed Trade Tariff Worries and OPEC+ Production Rumors

Crude oil prices dropped over 1% due to renewed concerns over potential U.S. trade tariffs and rumors of OPEC+ increasing production, raising fears of market oversupply. WTI and Br...

Oil Prices Drop Over 1% Amid Renewed Tariff Fears and OPEC+ Production Rumors

Crude oil prices fell over 1% due to renewed tariff concerns and rumors of OPEC+ increasing production, with WTI and Brent both experiencing declines. Kazakhstan's reluctance to fo...

Global Gasoline Prices Surge: A 5-Year High Sparks Market Concerns

Gasoline prices have surged to a five-year high, with RON95 increasing by 4.14% to VND19,630. Biofuel and diesel prices also rose, influenced by global market factors including U.S...

Russia and Iran Strengthen Energy Ties: Novak and Paknejad Discuss OPEC+ and New Gas Corridors

Russian Deputy Prime Minister Alexander Novak and Iranian Petroleum Minister Mohsen Paknejad discussed enhancing energy sector cooperation, focusing on OPEC+ collaboration and new ...

Oil Prices Plummet Over 2% Amid Rumors of OPEC+ Accelerating Production Increases

Oil prices dropped over 2% as OPEC+ members consider proposing accelerated production increases for the second month in a row, with WTI and Brent crude both seeing significant decl...

Oil Prices Plummet Over 2% Amid Talks of OPEC+ Accelerating Production Increases

Oil prices dropped over 2% as OPEC+ considers accelerating production increases for the second month in a row, with WTI and Brent crude both seeing significant declines.