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The OPEC+ group decided on Wednesday to rubberstamp another 400,000 barrels per day (bpd) increase in its collective oil production in April

Arab oil producers have not chosen sides in the Ukraine crisis, but as the West is taking positions, MENA oil producers and OPEC members may decide to turn their back on Russia

Despite $100 oil and the Russian invasion of Ukraine, the OPEC+ alliance is set to rubberstamp another 400,000 bpd increase in monthly production targets next week

A lack of investment in oil supply in recent years is limiting the ability of oil-producing countries to boost production significantly, leaving the oil market without an “immediate solution” to the high oil prices

OPEC+ producers need to pump more oil to close the widening gap between nameplate production quotas and actual output, IEA Executive Director Birol said on Monday

A surge in U.S. oil output in Q4-2021 has gone largely unnoticed by the oil market and oil analysts

OPEC’s second-largest producer, Iraq, is one of the OPEC+ members struggling to boost its oil production as much as its quota in the pact allows, with January output 120,000 barrels per day lower than its production ceiling

OPEC+, in its fastest meeting ever, decided to ease output cuts by another 400,000 bpd, but can the group actually deliver these extra barrels?

OPEC+ still expects the global oil market to be in a surplus this year, but has revised the overhang by 100,000 bpd to 1.3 million bpd

Russia will be able to resume its oil production to 90% of the levels it was producing prior to the pandemic, Russian Deputy Prime Minister Alexander Novak said in an interview on Wednesday