Tue, 21-Oct-2025

OPEC: Saudi Arabia Gives a Nod to US with an Increase in Oil Production

OPEC

The tiny supply increase, equivalent to only 0.4 percent of world demand in July and August. Producers raise the size of the monthly supply increase by 50%. Suggestion comes amid mounting pressure in United States for assistance in lowering prices. OPEC+ agreed to accelerate the opening of its oil streams in the summer months, a … Read more

Extension in oil output cuts till July boosts Gulf Stock market

Gulf stock market

A day after (Organization of the Petroleum Exporting Countries) OPEC and non-OPEC oil producers agreed to extend record oil production cuts until the end of July, Major stock markets in the Gulf rose sharply on Sunday. Media reports said that OPEC and other producers led by Russia, a grouping is known as OPEC+, demanded countries … Read more