OPEC agrees to increase oil production by 188,000 barrels in September
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9 Articles
Tight global inventories outweigh OPEC+ production increase, analyst says
Tight global oil inventories and persistent geopolitical risks are expected to keep crude prices supported through August, according to PVM Oil Associates, despite OPEC+'s latest production increase.
OPEC Welcomes WFUNA Student Delegation For Energy Cooperation
Austria (GNP): The Organization of the Petroleum Exporting Countries (OPEC) welcomed a student delegation from the World Federation of United Nations Associations (WFUNA), Geneva, Switzerland to its headquarters in Vienna, providing participants with an in depth introduction to the organization’s history mission and role in maintaining stability in global energy markets. The educational visit formed part of OPEC’s continued outreach efforts to e…
Oil Price in Europe: Brent Plummets 7% to 83 Dollars for Detente with Iran and Gives the ECB a Break
What has happened? Brent’s barrel price, a reference for Europe, has dropped more than 7% this Monday, August 3, 2026, to $83, in the London future market, after Friday’s closing to $90.12. Who’s behind it? The diplomatic shift between the United States and Iran, with President Trump cancelling an imminent massive attack and announcing the resumption of talks, and OPEC+ maintaining the increase in supply. What impact does it have? The downturn a…
The Organization of Petroleum Exporting Countries (OPEC+) agreed to increase its oil production by 188,000 barrels per day from September, a decision led by Saudi Arabia, Russia and five other countries of the group.
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