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Monday, August 31, 2026

production increase

Tight global inventories outweigh OPEC+ production increase, analyst says- oil and gas 360

Tight global inventories outweigh OPEC+ production increase, analyst says

August 3, 2026

(World Oil) – Tightening global oil inventories and continued geopolitical instability are expected to keep crude prices supported through August, even as OPEC+ moves to restore additional production, according to Tamas Varga, analyst at PVM Oil Associates, part of TP ICAP. Varga said the oil market remains dominated by geopolitical risks stemming from conflicts in the Middle East and Ukraine, while trade

OPEC+ prepares to stop raising oil output targets- oil and gas 360

OPEC+ prepares to stop raising oil output targets

July 28, 2026

(Oil Prices) – OPEC+ is preparing to approve one more production increase for September and then put the monthly quota parade on hold through the end of the year. Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman are expected to raise their combined September target by about 188,000 barrels per day when they meet on August 2, sources told Reuters.

Saudi Arabia's production increase sparks credibility concerns- oil and gas 360

Saudi Arabia’s production increase sparks credibility concerns

July 11, 2025

(Oil Price) – After two years of playing the role of OPEC+ model citizen, Saudi Arabia has decided it’s time to loosen the tie—at least according to the IEA. According to the International Energy Agency, the Kingdom overshot its June production quota by a whopping 700,000 barrels per day, pumping 9.8 million bpd—the highest in two years. OPEC’s official production figures

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