Opec+ agrees to boost output as Saudi focuses on revenue drive
Decision set to weigh on oil prices as global demand remains weak
Decision set to weigh on oil prices as global demand remains weak

LONDON, June 7 — Opec+ ministers meet today to weigh higher production quotas in a bid to cap oil prices that have surged since…

VIENNA, June 8 — Opec+ ministers decided yesterday to increase oil quotas by a total 188,000 barrels per day for July, in a move…

Speculation is swirling around the group's future path after three months of accelerated unwinding.

The eight members affirmed their earlier decision to pause output hikes through March due to low demand and, more quietly, global…

OPEC+ plans a fourth oil quota hike amid Hormuz tensions. WTI reaching $150 in June 2026 at 1.8% YES.

Organization of the Petroleum Exporting Countries decided to keep oil output unchanged, after prices fell more than 18% in 2025.