Iraq, Russia and Kazakhstan have pledged to cut production by 2.284 million b/d by September 2025 to offset overproduction, according to OPEC.
The cuts will be staggered and vary on a monthly basis.
Iraq, Russia and Kazakhstan have pledged to cut production by 2.284 million b/d by September 2025 to offset overproduction, according to OPEC.
The cuts will be staggered and vary on a monthly basis.
Saudi Arabia and Russia reaffirm their commitment to the OPEC+ agreement to stabilize the oil market, despite geopolitical challenges and Western sanctions.
Saudi Arabia and Russia reaffirm their commitment to the OPEC+ agreement to stabilize the oil market, despite geopolitical challenges and Western sanctions.
Iraq acknowledged that it had produced 184,000 barrels per day (b/d) above its OPEC+ quota in June, and pledged to offset this surplus by September 2025 through further production cuts.
Iraq acknowledged that it had produced 184,000 barrels per day (b/d) above its OPEC+ quota in June, and pledged to offset this surplus by September 2025 through further production cuts.
Hundreds of Iraqis demonstrate against load shedding and water shortages in the midst of a summer heatwave, underlining the urgent need for energy and water reforms in a country with a failing infrastructure.
Hundreds of Iraqis demonstrate against load shedding and water shortages in the midst of a summer heatwave, underlining the urgent need for energy and water reforms in a country with a failing infrastructure.
The illegal export of Kurdish oil to Iran and Turkey, accelerated by the closure of an official pipeline, is raising major economic and political concerns in Iraq.
The illegal export of Kurdish oil to Iran and Turkey, accelerated by the closure of an official pipeline, is raising major economic and political concerns in Iraq.
Igor Sechin, CEO of Rosneft, criticizes the increase in oil production capacity, saying it could destabilize the market despite OPEC+'s reduction efforts.
Igor Sechin, CEO of Rosneft, criticizes the increase in oil production capacity, saying it could destabilize the market despite OPEC+'s reduction efforts.
