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By Udeme Akpan, Energy Editor The Organisation of the Petroleum Exporting Countries and its allies, OPEC+, has maintained October oil production levels for seven major producers, as Nigeria seeks to increase crude output and strengthen its revenues from the global oil market. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman agreed at a virtual […] The post OPEC+ maintains output as Nigeria seeks higher production appeared first on Vanguard News.
RIYADH — The OPEC+ countries decided to maintain the production levels for October 2026 that were set for September 2026. The decision was taken at the virtual meeting of the seven member countries of the OPEC+ group—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman— held on Sunday to review the latest developments and future prospects in the oil market.Last month, the OPEC+ countries had agreed to increase oil production by 188,000 barrels per day (bpd) for September. The seven
Minister of Petroleum and Mineral Resources Karim Badawi affirmed that upgrading infrastructure in the petroleum sector represents a key pillar to bolster energy security and support Egyptian economic competitiveness, noting that upgrading refineries, improving crude and petroleum product transport networks, and expanding storage capacities top sector priorities in the coming period. Badawi spoke during the … The post Petroleum Minister highlights refining, transport upgrades to secure ene
Menteri Perminyakan Irak Basim Mohammed Khudair, Sabtu (5/9) mengatakan Irak telah meningkatkan kapasitas ekspor minyak ...
Iraq is grappling with severe petrol shortages as long lines of vehicles form at fuel stations. Ongoing regional conflicts are hindering essential fuel imports, disrupting tanker movement through the vital Strait of Hormuz. The nation heavily relies on these imports to offset domestic production gaps, leading to panic buying and further complicating supply issues. In response, the government is actively seeking additional fuel shipments to replenish reserves.
Nigeria was not part of the meeting because it is not participating in the additional voluntary production adjustment arrangement, meaning the latest output increase does not affect its production plans. The post Nigeria spared as seven OPEC+ producers raise output by 188,000 bpd appeared first on Vanguard News.
Alors que le conflit au Moyen-Orient continue de perturber le marché pétrolier mondial, plusieurs membres de l'OPEP+ ont choisi d'augmenter leur production. Une décision qui répond à des enjeux géopolitiques face à la montée en puissance des États-Unis, désormais premier producteur mondial de pétrole.
Tujuh negara OPEC+ pada Minggu (2/8) sepakat menaikkan batas maksimum produksi minyak pada September sebesar 188.000 ...
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