Tuesday, May 19, 2026
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Tag: oil output

US president faces tough options over OPEC+ oil cuts

WASHINGTON, United States—Joe Biden has vowed consequences for Saudi Arabia over its explosive slash in oil output but, like previous US presidents irked by...

OPEC+ backs another modest oil output hike

LONDON, United Kingdom—Top oil-producing countries led by Saudi Arabia and Russia announced another modest increase in output on Wednesday despite soaring crude prices and...

Major oil producers set to uphold small hike in output

LONDON"•The world’s leading oil producers are expected to uphold a July deal to slowly boost output at a meeting on Wednesday, despite US pressure...

Oil producers okay modest output boost from August

VIENNA, Austria—The world’s leading oil producers agreed on Sunday to continue to modestly boost output from August reaching a compromise after the United Arab...

OPEC+ set to boost oil output as demand and prices balloon

LONDON—Members of the OPEC group of oil producers and allies are expected to raise output in a meeting Thursday, in response to a rebound...

Oil rises, extends gain toward $51

Oil extended gains toward $51 a barrel as Saudi Arabia said all producers participating in output cuts agree on prolonging the deal through the...

Opec seeks to seal production cut

VIENNA, Austria"•Opec sought Wednesday to defy expectations and finalize a deal reducing its oil output for the first time in eight years, in an...
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