The eight OPEC+ members - Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman - raised oil output targets by around 2.9 million barrels per day in 2025, equal to almost 3% of world oil demand, to regain market share.

Leading oil producing nations confirmed on Sunday that they would remain cautious on their outlook after the U.S.' raid in Venezuela, saying they wouldn't make any drastic changes to production levels.

Iraq is seeking to increase its OPEC oil quota by 300,000 bpd, potentially generating $10 billion annually to bridge the budget deficit, says advisor Mazhar Saleh.

OPEC has ramped up oil output in recent months, driven by shifting market and geopolitical dynamics. Wealthspire’s Chris Maxey explains what the production increase signals for OPEC’s strategy in 2026.

WTI crude oil futures (CL1:COM) will be in focus after the U.S. on Saturday said it had conducted a strike against Venezuela and captured its leader, Nicolás Maduro. The move marked a culmination of escalating tensions between the two nations in which the U.

Donald Trump called on OPEC to lower the cost of oil during his speech at Davos. But lower crude prices could hurt US producers, cutting into profitability. OPEC has been holding off increasing supply to try and boost prices, which have sagged in the last ...

'We ... expect OPEC to implement cuts to avoid a large increase in inventories in Q1-26', SEB Chief Commodities Analyst Bjarne Schieldrop said. Image by William ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. Production from November 2025 to December 2026 appears to be on a plateau at close to 84,000 kb/d. World oil ...

China now drives short-term oil price moves as its opaque import patterns, refinery margins, and strategic stockpiling increasingly shape marginal demand and near-term price discovery.