OPEC
اوپک
Oil Cartel
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View Timeline →Significant Decrease in Saudi Oil Production: 1.9 Million Barrels Per Day Less Than Last Month
Saudi Arabia has reported a substantial drop in oil production for August, reducing output by 1.9 million barrels per day. This reduction is significant for…
Saudi Oil Production Falls to Lowest Level in 36 Years
Saudi Arabia's oil production has dropped to its lowest level since 1990 due to disruptions caused by U.S. military actions against Iran. This situation highlights…
Iraq Seeks Increase in OPEC Production Quota
Iraq has requested an increase in its oil production quota from OPEC. This move involves the Iraqi government and OPEC member states. It is significant…
OPEC Plus Maintains Oil Production Amid U.S.-Iran Military Tensions
OPEC Plus decided to maintain steady oil production amidst renewed U.S. and Iranian military actions in the Persian Gulf. This decision involves oil-producing nations and…
OPEC Plus Maintains Oil Production Amid Renewed U.S.-Iran Military Tensions
OPEC Plus has decided to maintain its current oil production levels amidst renewed strikes between the U.S. and Iran. This situation involves key players such…
US Negotiates Long-Term Oil Deal with Venezuela as Caracas Considers Leaving OPEC
The US is negotiating a long-term deal with Venezuela to secure access to its vast oil reserves as Venezuela considers leaving OPEC. This development could…
OPEC+ Loses Influence in Iran's Oil Market as China's Role Grows
The ongoing conflict in Iran has diminished OPEC+'s influence over the oil market, while China has emerged as a more significant player in the region.…
Iran's Oil Production Sees Monthly Increase of 26,000 bpd in July 2026
Iran's oil production increased by 26,000 barrels per day in July 2026, reaching a total of 2,478,000 bpd, according to a report from OPEC. This…
Oil Prices Decline as OPEC Lowers 2026 Demand Forecast Amid Ongoing Iran Conflict
Oil prices have decreased following OPEC's revision of its 2026 demand forecast, while ongoing conflicts involving Iran continue to pose risks to global oil supply.…
OPEC+ Considers Increasing Oil Output Quotas Amidst Escalating Iran Conflict
OPEC+ is considering increasing its oil output quotas in response to the expanding conflict in Iran. This decision involves major oil-producing countries and is significant…
60 Billion Dollar Energy Agreements in Iraq; Reviving the Syrian Pipeline to Reduce Dependence on the Strait of Hormuz
Western energy companies have signed significant agreements with Iraq to enhance oil and gas exports while reducing reliance on the Strait of Hormuz. This move…
Jesse Watters: U.S. Emerges as New OPEC, Diminishing Iran's Oil Leverage
Jesse Watters claims that the United States is becoming the new OPEC, suggesting that Iran will lose its influence in global oil markets in the…
China's Influence on Oil Prices Amidst U.S.-Iran Truce Tensions
The article discusses the potential impact on oil prices as the U.S.-Iran truce deteriorates, highlighting China's significant role as the largest oil importer. The dynamics…
Iran's Leverage Over Oil Prices Diminishing Amid Rising OPEC+ Production
Iran's recent attacks on commercial shipping have led to increased oil prices, but the effectiveness of this strategy may be diminishing due to alternative shipping…
Iran's Strategic Oil Leverage May Be Diminishing
Iran's recent attacks on commercial shipping have led to an increase in oil prices, but the effectiveness of this strategy may be diminishing due to…
OPEC+ Agrees to Increase Oil Production Amid Falling Prices Linked to Iran Conflict
OPEC+ has agreed to a modest increase in oil production for August, involving seven member countries as crude prices decline following recent tensions related to…
Increased Oil Flows and OPEC Plus Commitment Lead to Lower Energy Prices
Oil flows from the Persian Gulf have increased, and OPEC Plus has committed to raising crude production, leading to a decrease in energy prices. This…
OPEC+ to Boost Oil Production by 188,000 Barrels Per Day
Seven OPEC+ members, including Saudi Arabia and Russia, have announced an increase in oil production by 188,000 barrels per day. This decision impacts global oil…
OPEC+ countries say they will expand monthly oil production
OPEC+ members announced plans to increase oil production by 188,000 barrels per day from August, as energy markets show signs of recovery following the U.S.-Israel…
OPEC+ hikes output as prices fall
OPEC+ agreed to increase crude production again as more oil flows through the Strait of Hormuz following a U.S.-Iran ceasefire. This decision will add to…