Latest News for: Opec

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UAE's post‑OPEC expansion to lift oil output over 5 million bpd next year: IEA

Khaleejtimes 17 Jun 2026
Adnoc to accelerate new pipeline project to double export capacity through FujairahUAE's Opec exit to free nation from output quota compulsionsUAE announces decision to withdraw from Opec, Opec+ from May 1 ....
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WTI Crude Holds Near $75.50 as Supply Worries Ease

Bitcoin World 17 Jun 2026
Reports indicating that OPEC+ may proceed with a planned output increase in the coming months have dampened earlier fears of a supply crunch ... While the immediate supply fears have eased, the outlook remains dependent on OPEC+ decisions, U.S.
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Hormuz reopening could be OPEC’s undoing

The Jakarta Post 15 Jun 2026
audi Arabia and neighboring Gulf producers will cheer the eventual reopening of the Strait of Hormuz, but the ensuing flood of oil risks eroding Organization of the Petroleum Exporting Countries (OPEC)’s already fragile grip on the market.
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WTI Price Drops Below $80 as US-Iran Nuclear Deal Nears Finalization

Bitcoin World 15 Jun 2026
Analysts note that the market had previously been supported by OPEC+ production cuts and geopolitical risk premiums tied to the Israel-Hamas conflict ... Market participants are also watching for OPEC+’s response.
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Oil prices fall more than 4% on Monday

Amwal Al Ghad 15 Jun 2026
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Domestic drilling revival gains momentum with 42% spike in active rigs

Business Day Online 15 Jun 2026
Nigeria’s oil and gas drilling recovery accelerated sharply in May, with the number of active rigs climbing 42 percent from. read more Domestic drilling revival gains momentum with 42% spike in active rigs ....
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Maher, Bremmer: Trump Inadvertently Ended OPEC

Breitbart 13 Jun 2026
Trump Inadvertently Ended OPEC appeared first on Breitbart.
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Iran oil production slumps 19% in May, shows Opec data

Gulf-Times 13 Jun 2026
Iran’s crude oil production slumped by 19% last month, according to data from Opec, while the US blockaded the country’s ports during their ongoing conflict, reports Bloomberg ... ....
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Nigeria Exceeds OPEC Quota as Crude, Condensate Output Reaches 11-month High

This Day 12 Jun 2026
Besides, meeting the OPEC quota signals continued recovery in Nigeria’s oil sector following years of production disruptions caused by crude theft, pipeline vandalism and underinvestment, although sustaining the momentum remains a challenge.
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OPEC again lowers 2026 global oil demand growth forecast

Hong Kong Standard 11 Jun 2026
OPEC on Thursday lowered its forecast ...
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OPEC Lowers This Year’s Oil-Demand Forecast

Wall Street Journal 11 Jun 2026
The Organization of the Petroleum Exporting Countries cut its oil demand estimates for this year as the U.S. blockade on Iran and near-closure of the Strait of Hormuz continue to curb production from major Gulf producers ... .
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Opec cuts oil demand outlook for this year again as Iran war disrupts markets

The National 11 Jun 2026
Opec has lowered its oil ...
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OPEC again lowers 2026 oil demand growth forecast | Kuwait Times Newspaper

Kuwait Times 11 Jun 2026
OPEC on Thursday lowered its ...
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OPEC Sees Oil Demand Growth Outpacing Supply Through 2027

Oil Price 11 Jun 2026
OPEC is sticking to its view that the oil market will remain relatively tight through next year, with demand ...
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Iran Oil Output Plunges in May While Venezuela Climbs, OPEC Says

The Epoch Times 11 Jun 2026
Total OPEC crude production averaged 33.13 million barrels per day in May, down by 185,000 daily barrels from the previous month.

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