Another reason that oil prices rose after the announcement is that OPEC won’t actually be adding quite so many barrels. For several months, some producers were already pumping more oil than their ...

OPEC+ approved a small 137,000 bpd rise—its seventh monthly hike—but prices climbed because the increase is modest.

Oil prices rose 2% on Monday after the Organization of the Petroleum Exporting Countries and allies announced a smaller hike in production for October.

The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+,  has decided to ramp up oil output by 137,000 barrels per day (bpd) in October.

For Saudi Arabia, however, the changes are significant. The Kingdom’s output is set to increase from 9.07 million bpd in ...

Early on Monday 8 September 2025, traders around the globe woke up to a surprise . Despite the Organization of Petroleum Exporting Countries (OPEC) announcing yet another production hike for October, ...

THE Organization of the Petroleum Exporting Countries (Opec) and its allies, a group known as Opec+, on Sunday decided to ramp up oil output by 137,000 barrels ...

MUSCAT, SEPT 8Sunday’s decision by OPEC+ members, including the Sultanate of Oman, to increase output by 137,000 barrels per day starting in ...

That was the question Macquarie strategists, including Walt Chancellor, asked in an oil and gas report sent to Rigzone by the Macquarie team.