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Petronas is working with the relevant authorities to secure domestic supply while accelerating efforts to raise crude oil production. Vice-president of upstream development, Nazlee Rasol, said ...

A group of OPEC+ members met Sunday and agreed to increase their oil output once the Strait of Hormuz is reopened. The plan is set to be implemented in May, and the countries said they would plan to ...

The Organization of the Petroleum Exporting Countries (OPEC) has agreed to increase oil output quotas by 206,000 barrels per day for May, a rise that is largely symbolic as some of its key members are ...

OPEC+ may approve an oil output increase on Sunday, four sources from the group said, a rise that will largely exist on paper as its key members are unable to raise production due to the U.S.-Israeli ...

OPEC+ agreed on Sunday to raise its oil output quotas by 206,000 barrels per day for May, a modest rise that will largely exist on paper as its key members are unable to raise production due to the ...

MOSCOW/LONDON: OPEC+ agreed on Sunday (Apr 5) to raise its oil output quotas by 206,000 barrels per day for May, a modest rise that will largely exist on paper as key members are unable to increase ...

OPEC+ eight members scheduled to meet on Sunday At last meeting, OPEC+ agreed to raise output by 206,000 bpd in April Hormuz needs to reopen for oil to reach markets Pause in production hikes is also ...

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What is the global crude oil supply scenario? With the blockade of the Strait of Hormuz, about 20% of global energy supplies from Gulf countries has been almost fully cut off for over a month.