Putin spoke with Crown Prince of Saudi Arabia
Particular attention was paid to cooperation within OPEC+
OPEC+
Novak notes high volatility on oil market amid Iran situation
The OPEC+ nations have noted the high oil market volatility amid the geopolitical tensions stemming from the development around Venezuela and Iran, Russian Deputy Prime Minister Alexander Novak said.
OPEC plus keep production quotas until late March
The eight OPEC+ nations have agreed to pause production increments in March 2026 and keep oil production quotas at the December 2025 level, OPEC said after their meeting.
OPEC+ countries to reduce oil production ceiling in January
OPEC+ member states adhering to voluntary production cuts will lower their combined maximum permissible oil output starting in January, with a reduction of 148,000 barrels per day.
Russia ready to maintain stability in global oil market
The global oil market remains sensitive to demand-supply fluctuations and OPEC+ nations will take additional measures to maintain its stability, Russian Deputy Prime Minister Alexander Novak said.
OPEC+ countries to continue increasing oil production
OPEC+ countries have increased their production quotas by over 2.7 mln barrels per day since April of this year
Kuwait ready to compensate for possible oil shortage
OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after the U.S. imposed new sanctions on Russian oil majors, Kuwait's oil minister Tariq Al-Roumi said.
Russia, Saudi Arabia and 6 other states agree to increase oil output
The eight leading OPEC+ nations, including Russia and Saudi Arabia, have decided to increase oil production by 137,000 barrels a day in view of the favorable market outlook, the OPEC said after the OPEC+ meeting.
Media: OPEC+ plans to increase oil production in October
Eight OPEC+ countries have agreed to increase oil production in October. Media reports suggest this decision could mark the beginning of a phased exit from existing production cuts, though discussions are still ongoing.
OPEC+ countries to increase oil production in autumn
The eight OPEC+ countries that voluntarily cut oil output have decided to increase production in September by 547,000 barrels per day, which is in line with the original plan to increase production for four months, according to a statement posted on the OPEC website.
OPEC+ plans to Increase oil production by 548,000 bpd in September
An online meeting on this issue is scheduled for August 3
OPEC+ states to discuss increasing oil production in September
Eight OPEC+ members will likely approve another oil output hike on Sunday, sources said, with the group still debating the final size of the increase for September.
Kazakhstan not considering withdrawal from OPEC+ deal
Kazakhstan is not considering the possibility of withdrawing from the OPEC+ agreement on voluntary oil production cuts, views the deal as beneficial for maintaining stability in the oil market, Kazakh Prime Minister Olzhas Bektenov said.
Media: OPEC+ may suspend production growth
OPEC+ is considering the suspension of production growth from October. The association will make another decision to increase oil production before taking a break.
OPEC Secretary General names Azerbaijan reliable partner
Azerbaijan is an effective, loyal, and reliable partner, OPEC Secretary General Haitham Al Ghais said, as he assessed the organization’s relations with Azerbaijan.
OPEC+ countries continue to increase oil production
The OPEC+ group of countries will increase oil production by an additional 411,000 barrels per day for the second month in a row. Initially, the talk was to produce 138,000 barrels.
OPEC+ meeting postponed to Saturday
OPEC+ countries have postponed their June meeting to discuss the production plan for July. It will now take place a day earlier than planned.
Novak and Bahrein’s oil minister discuss OPEC+ cooperation
Russia's Deputy Prime Minister Alexander Novak and Bahrein's Oil Minister Mohammed bin Mubarak Bin Dainah have discussed energy supplies …
OPEC+ countries to compensate excess oil output
The Organization of Petroleum Exporting Countries (OPEC) received updated plans of surplus oil production compensation from seven OPEC+ countries, specifically …
Oil price heading towards $60 per barrel
Oil prices extended losses on Monday, falling more than 2% as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand for crude while OPEC+ readies a supply increase. The price …
