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OPEC+ Agrees Tactical Output Increase as Gulf Blockade Chokes Global Oil Supply
OPEC+ Agrees Tactical Output Increase as Gulf Blockade Chokes Global Oil Supply
SUNDAY, MARCH 01, 2026
Leading oil producers approve a modest 206,000-barrel boost, but analysts warn that Saudi spare capacity remains trapped behind the Iranian blockadeOil slips on first trading day of 2026 on oversupply fears
Oil slips on first trading day of 2026 on oversupply fears
SATURDAY, JANUARY 03, 2026
Oil prices slipped on the first trading day of 2026 amid oversupply worries after crude posted its worst annual loss since 2020; OPEC+ meets Jan 4PTT expects oil prices in 2026 to stay low as OPEC+ supply remains ample
PTT expects oil prices in 2026 to stay low as OPEC+ supply remains ample
THURSDAY, NOVEMBER 20, 2025
PTT forecasts global oil prices to hover at US$60–70 per barrel in 2026, citing ample OPEC+ supply and weak global demand as key factors.Energy Minister assures diesel price fixed at 32 baht per litre despite US sanctions on Russia
Energy Minister assures diesel price fixed at 32 baht per litre despite US sanctions on Russia
FRIDAY, OCTOBER 24, 2025
Thai Energy Minister confirms diesel price remains at 32 baht per litre, using fuel fund support, despite global oil price surge due to US sanctions on RussiaOPEC+ speeds up oil output hikes, adds 548,000 bpd in August
OPEC+ speeds up oil output hikes, adds 548,000 bpd in August
SUNDAY, JULY 06, 2025
OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped - and then retreated - following Israeli and US attacks on Iran.Opec's surprise output cut decision made with caution, says analyst
Opec's surprise output cut decision made with caution, says analyst
MONDAY, APRIL 03, 2023
The surprise decision by Saudi Arabia and other Opec+ producers to cut crude oil output from May was made with caution, a clear sign that the group won’t be deterred by West interference, an oil markets analyst told Reuters on Monday.US has made its views on energy supply clear, Blinken says after Opec+ oil cuts
US has made its views on energy supply clear, Blinken says after Opec+ oil cuts
THURSDAY, OCTOBER 06, 2022
US Secretary of State Antony Blinken said on Wednesday Washington had made clear to oil-producing countries the need for energy supply to meet demand after Opec Plus agreed to its deepest cuts to oil production in years.Saudi Arabia warns traders against shorting oil prices
Saudi Arabia warns traders against shorting oil prices
TUESDAY, DECEMBER 14, 2021
Saudi Arabias energy minister warned traders against shorting oil prices, saying OPEC+ could react quickly to any fall in prices.Oil rises as OPEC+ leaves door open for quick change of plans
Oil rises as OPEC+ leaves door open for quick change of plans
FRIDAY, DECEMBER 03, 2021
Oil emerged higher from a volatile morning after OPEC and its partners left themselves room to quickly adjust output plans if the pandemic drastically changes the market.OPEC+ meets to debate output boost as virus weighs on price
OPEC+ meets to debate output boost as virus weighs on price
THURSDAY, DECEMBER 02, 2021
OPEC and its allies pressed on with the first of two days of meetings to debate a planned output increase, with expectations growing that the group will take a pause due to the threat from a new virus variant.