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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Saudi Arabia has restored full oil pumping capacity through the East-West pipeline, reaching approximately seven million barrels per day. The
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Oxy Oman, a subsidiary of Occidental Petroleum, saw a 9% rise in hydrocarbon output to 72K boe/d in 2025, up
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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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OQ Exploration & Production SAOG (OQEP) forecasts capital expenditures between $800 million and $900 million for 2026, managing 14 upstream
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Kuwait implemented a precautionary reduction in crude oil production due to ongoing attacks by Iran and threats to shipping in
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OQ Exploration and Production posted RO 1.2 billion revenue in 2025, with EBITDA of RO 941 million (81% margin). CEO
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