opec+ - Asian News from UK

OPEC+ Moves to Boost Oil Supply as Hormuz Risks Persist

OPEC+ has approved a further increase in crude oil production of around 188,000 barrels per day from September…reports Asian Lite News Desk OPEC+ has approved a further increase in crude oil production

August 3, 2026

-Top News·Arab News·Economy

OPEC+ accelerates oil output hikes

Despite the production boost, the group emphasised that future adjustments remain flexible and could be paused or reversed depending on market conditions. Eight OPEC+ nations have unexpectedly decided to accelerate their oil

April 4, 2025

-Top News·UAE News

OPEC+ extends additional voluntary output cuts

The overproducing countries also reconfirmed their commitment that the entire overproduced volume will be fully compensated for by September 2025….reports Asian Lite News The OPEC+ countries have agreed to extend their additional

September 6, 2024

-Top News·Arab News·UAE News

OPEC+ extends output cuts into 2025

The total voluntary cuts adopted by some member countries reached 2.2 million barrels per day…reports Asian Lite News The 37th OPEC and non-OPEC Ministerial Meeting decided to extend the level of overall

June 3, 2024

-Top News·Arab News·Asia News

OPEC+ Agrees on Extension for Oil Output Cuts

OPEC+ is an oil-producer group comprising member countries of the Organization of the Petroleum Exporting Countries (OPEC) and their allies…reports Asian Lite News Several OPEC+ members have announced extensions of oil output

March 4, 2024

-Top News·Arab News·UAE News

OPEC+ Announces Additional Oil Cuts

The cuts will be in addition to the announced voluntary cut by the Russian Federation of 500 thousand barrels per day for the same period (starting 1st of January until the end

December 1, 2023

-Top News·Arab News·UAE News

‘OPEC+ monitors variables for stable oil market’

Al Mazrouei stressed that the Ministry of Energy and Infrastructure has completed the update to the UAE Energy Strategy 2050 and the development of the hydrogen strategy…reports Asian Lite News Suhail bin

July 4, 2023

-Top News·Arab News·UAE News

Saudi pledges big oil cuts, OPEC+ extends deal

Saudi Arabia said it would make further cuts of one million barrels per day (bpd) in July and OPEC+ said targets would drop by a further 1.4 million bpd from 2024…reports Asian

June 5, 2023

-Top News·Arab News·Saudi Arabia

Oil prices surge after OPEC+ output cut

UAE among members of Organisation of Petroleum Exporting Countries (OPEC) Plus announced a surprise cut in oil production that will exceed one million barrels a day….reports Asian Lite News Oil prices have

April 3, 2023

-Top News·Arab News

OPEC+ set to stay the course on oil output

The EIA said that ongoing concerns about global economic conditions as well as the easing Covid-19 restrictions in China raised the uncertainty of the outcomes of its demand forecasts….reports Asian Lite News

February 2, 2023

-Top News·Arab News·Saudi Arabia