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Business
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Economy
8/2/2026 3:35:00 PM
Saudi Arabia, Russia and five other key members of OPEC+ agreed in an online meeting Sunday to boost oil production by 188,000 barrels a day from September, against a backdrop of disruption caused by the Mideast war.
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Business
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Energy
7/13/2026 5:06:18 PM
Nigeria's crude production reached a 74-month high last month, authorities said over the weekend, hitting an average of 1.56 million barrels per day, or 104 percent of its OPEC quota.
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World
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Region
7/6/2026 6:48:10 PM
A handful of countries in the OPEC+ oil-producing alliance plan to increase their outputs modestly next month, which would bring more oil online after fuel prices have fallen to levels not seen since before the U.S. and Israel's war with Iran.
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Business
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Energy
7/5/2026 5:15:39 PM
Seven OPEC+ members decided on Sunday to again raise oil production quotas as Gulf countries reel from the Middle East war.
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Business
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Energy
6/25/2026 7:06:49 PM
Baghdad has urged OPEC to increase Iraq's oil production quota, taking into account the damage done to its industry by its history of conflicts and the recent regional war, its oil ministry said Thursday.
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Business
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Energy
6/7/2026 4:53:10 PM
OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast war.
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Al-Ahram Weekly
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World
5/7/2026 7:54:00 PM
Professor of political science at the British University in Egypt Moatamer Amin explains the impact of the exit of the UAE from OPEC and OPEC+.
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World
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Region
5/4/2026 12:50:33 PM
The UAE's shock decision to leave Saudi-dominated OPEC was not targeted at anyone, the UAE minister who heads the state oil giant said on Monday.
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Business
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Energy
5/3/2026 2:48:01 PM
Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.
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Business
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Energy
5/3/2026 2:33:55 PM
The Abu Dhabi National Oil Company on Sunday pledged to spend $55 billion on new projects over the next two years, just days after the United Arab Emirates' officially left the OPEC oil cartel.
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Business
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Energy
4/29/2026 9:21:56 PM
The exit of the UAE from OPEC and OPEC+ starting in May has cast doubts over the Saudi-led cartel's future after losing its fourth largest producer and further strains ties between the two Gulf rivals.
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Business
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Economy
4/28/2026 5:34:00 PM
The United Arab Emirates announced on Tuesday that it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, the OPEC and 10+ non-OPEC oil-producing nations, including Russia, effective Friday, 1 May.
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Opinion
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4/27/2026 6:39:27 PM
In history, some moments cannot be read as mere passing news, but rather as signals that something deeper is shifting beneath the surface. The UAE's decision to withdraw from both OPEC and OPEC+ on 28 April is one such moment.
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World
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Region
4/5/2026 5:59:03 PM
The OPEC+ oil cartel agreed on Sunday to again increase oil production quotas, while warning that repairing energy facilities, such as those damaged in the Middle East war, is "costly and takes a long time".
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World
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Region
11/29/2025 10:11:03 AM
Ministers of the Organisation of the Petroleum Exporting Countries and allied nations (OPEC+) are unlikely to make changes to their oil output strategy when they discuss production at an online ministerial meeting on Sunday.
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Business
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Energy
11/2/2025 1:07:10 PM
Saudi Arabia, Russia and six other key members of the OPEC+ alliance are expected to agree to further hike oil production in a virtual meeting Sunday, as the group continues to seek greater market share.
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Business
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Energy
8/3/2025 6:08:58 PM
Saudi Arabia, Russia and six key members of the OPEC+ alliance said Sunday they will increase production by 547,000 barrels a day in a move which analysts say aims to regain market share amid resilient crude prices.
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Business
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Energy
7/5/2025 7:08:45 PM
Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further increase oil output in August to 548,000 barrels per day.
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World
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Region
7/5/2025 11:50:07 AM
Saudi Arabia, Russia, and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with analysts expecting the latest in a series of output hikes for August.
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Business
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Energy
5/31/2025 3:41:00 PM
Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July.
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