OPEC+ spare capacity is shrinking fast, with only Saudi Arabia, the UAE, and Iraq holding meaningful extra production capability. Analysts warn that actual spare capacity may be overstated. As OPEC+ ...

Oil prices climbed in early Asian trade on Monday after OPEC+ decided to hold off production hikes in the first quarter of next year, easing rising fears of a supply glut.

Opec+ to raise production by 137,000 bpd Oil prices over $70 last week Still unwinding output cuts Opec+ are likely to approve another increase in oil production of at least 137,000 barrels per day at ...

New Delhi: The Organisation of the Petroleum Exporting Countries (OPEC) has warned the global community. Ignoring it, it says, could have consequences felt by every nation. The OPEC stressed that ...