Opec+ to Approve Third Oil Output Quota Hike: Key Implications for Investors and Businesses in Oman
Opec+ plans a third consecutive oil output hike of 188,000 bpd in June amid ongoing US-Iran conflict disrupting supply routes.
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Opec+ plans a third consecutive oil output hike of 188,000 bpd in June amid ongoing US-Iran conflict disrupting supply routes.
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Seven OPEC+ members are set to decide on oil-production quotas following the UAE's recent withdrawal. This has heightened price pressures
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The OPEC oil cartel has faced declining influence over years, exacerbated by the UAE's exit. Originally formed to stabilize oil
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The UAE quit OPEC and OPEC+, weakening the oil-exporting groups led by Saudi Arabia amid the Iran war energy shock.
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Oman’s crude oil production will reach 821,000 bpd in May 2026 after an Opec+ decision to raise output by 5,000
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Eight OPEC+ countries, including Saudi Arabia and Russia, expressed concern over Iran's attacks on energy infrastructure amid Middle East conflict.
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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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Opec+ may raise oil output by over 411,000 bpd in response to US-Israeli war on Iran and shipment disruptions via
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Key OPEC+ members, including Saudi Arabia and Russia, agreed to increase oil production quotas by 206,000 bpd starting April, citing
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OPEC+ is leaning towards resuming oil output increases from April, aiming to meet peak summer demand amid US-Iran tensions boosting
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