OPEC+ Raises Oil Quotas for the Third Consecutive Time Amid UAE Exit and Hormuz Restrictions
Seven countries within the OPEC+ alliance will increase their targeted oil production levels by 188,000 barrels per day in June.…
oil quotas
OPEC+ raises oil production quotas after UAE’s exit in June
The OPEC+ countries have decided to make a slight increase in oil production quotas in June this year. This decision…
OPEC+ Increases Oil Production Quotas for the Second Consecutive Time in May 2026
The member countries of the Organization of the Petroleum Exporting Countries and their partners in the OPEC+ format have decided…
OPEC+ Suspends Oil Production Quota Increases at Russia’s Request Due to Sanctions
Countries within OPEC+ have decided to temporarily halt the increase of oil production quotas. This decision was made at the…
Russian Oil Exports by Sea Reach Record Levels in 28 Months Due to Attacks on Refineries
The volumes of crude oil exported by sea from the Russian Federation have reached their highest level in nearly two…