OPEC+ is signalling a shift back to increasing oil output from April as producers prepare for stronger demand through the summer months, according to multiple officials and industry delegates ahead of a key March meeting.
MOSCOW/LONDON. OPEC+ is leaning towards a resumption in oil output increases from April, three OPEC+ sources said, as the group prepares for peak summer demand and price strength ....
Production improved in 2025 to an annual average of 1.453 million bpd, according to OPEC, reflecting gradual recovery efforts in the upstream sector. However, OPEC’s calculation is based on only oil production and not condensate output.
Nigeria has failed to meet its assigned oil production quota for the sixth consecutive time in January 2026, according to. read more Nigeria misses OPEC oil production quota for sixth straight month ....