Oman is expected to support a cautious, phased approach to future oil production increases as OPEC+ prepares for a key meeting that could reshape production quotas and baseline calculations for all member countries, according to Ali al Riyami, a well-known Omani energy analyst. Speaking to Al Arabiya Business, Al Riyami said the producer alliance has […]
LONDON: Iraq has weighed leaving the Organization of the Petroleum Exporting Countries if its oil production quota is not increased, sources told Reuters on Thursday, weeks after the exit of the United Arab Emirates. Since late 2016, OPEC has worked with Russia and other non-member countries to manage the oil market by setting output quotas. […]
MUSCAT, JUNE 8 Oman will see its crude oil production increased by 5,000 barrels per day (bpd) in July 2026 under the latest output adjustment agreed by Opec+, lifting the Sultanate of Oman’s production ceiling to 831,000 bpd. The increase forms part of a collective decision by seven Opec+ producers — Saudi Arabia, Russia, Iraq, […]
