OPEC+ | Omanet

Oman will increase its crude oil production by 5,000 bpd in July 2026, raising its ceiling to 831,000 bpd. This

Opec+ is expected to approve a fourth consecutive increase in oil production targets by around 188,000 bpd from July, despite

OPEC+ ministers meet to consider raising oil production quotas amid soaring prices caused by the Iran war blocking Gulf shipments.

Opec+ plans a third consecutive oil output hike of 188,000 bpd in June amid ongoing US-Iran conflict disrupting supply routes.

Seven OPEC+ members are set to decide on oil-production quotas following the UAE's recent withdrawal. This has heightened price pressures

The OPEC oil cartel has faced declining influence over years, exacerbated by the UAE's exit. Originally formed to stabilize oil

The UAE quit OPEC and OPEC+, weakening the oil-exporting groups led by Saudi Arabia amid the Iran war energy shock.

Oman’s crude oil production will reach 821,000 bpd in May 2026 after an Opec+ decision to raise output by 5,000

Eight OPEC+ countries, including Saudi Arabia and Russia, expressed concern over Iran's attacks on energy infrastructure amid Middle East conflict.

Opec+ may approve an oil output increase on Sunday, but key members can't boost production due to the US-Israeli war

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