Is the Organisation of the Petroleum Exporting Countries' (Opec) iron grip on the oil markets a thing of the past?

Kazakhstan is set to augment its oil supplies through the CPC pipeline by 12% in March compared with the previous month, ...

In a separate market analysis sent to Rigzone today, Rania Gule, Senior Market Analyst at XS.com - MENA, said, “this move by ...

The meeting involved eight OPEC+ countries that previously announced additional voluntary adjustments in April and November ...

OPEC+ decided to increase oil output for the first time since 2022, influenced by record production in Kazakhstan. The ...

As OPEC+ debated whether to keep oil output steady due to weak global demand or pump more in response to internal pressure ...

"Kazakhstan reaffirms its unwavering commitment to the OPEC+ agreement. In February, the country implemented all requisite ...

"Kazakhstan’s oil output hits record high in February" was originally created and published by Offshore Technology, a ...

Oil prices had already been trading lower in the last few weeks, partly because of expectations that US president Donald ...

UAE affirms commitment to full conformity with additional voluntary production adjustments approved by OPEC+ ...

This gradual increase may be paused or reversed subject to market conditions', a statement posted on OPEC's site noted.

At the same time, OPEC's policy on production increases remains flexible. "This gradual increase may be paused or reversed subject to market conditions. This flexibility will allow the group to ...