OPEC's oil output increase in May was less than planned, as some members compensated for previous overproduction, according to the latest OPEC Monthly Oil Market Report.

OPEC's cautious supply return strategy is being seen by many as a price war, but it aims more to balance long-term market share and avoid severe budget impacts than to sharply undercut prices.

LONDON - OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its forecast for growth in oil supply from the United States and other ...

Key OPEC+ nations added less oil to the market last month than the headline figure of its output plan, as the cartel’s leadership pushed members to atone for earlier over-production.

OPEC left its forecasts for global oil demand growth unchanged in 2025 and 2026, after reductions in April. Alexander Manzyuk/Reuters ...

The OPEC Fund For International Development has pledged to provide more than $1bn in funding to Africa and developing countries elsewhere as part of a broader $2bn pledge by Arab nations over the next ...

The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand expectations unchanged as it continues to ramp up production.

LONDON/MOSCOW: OPEC said on Monday it expected the global economy to remain resilient in the second half of this year despite concerns about trade conflicts and trimmed its forecast for growth in ...

[LONDON] Opec on Monday (Jun 16) said it expected the global economy to remain resilient in the second half of this year despite concerns about trade conflicts and trimmed its forecast for growth in ...

OPEC Sees Lower Supply Growth From Rivals, Keeps Demand Outlook Steady Provided by Dow Jones Jun 16, 2025, 5:14:00 AM ...