04/05/2026 04:52 AST

Kuwait's oil production is expected to reach 2.628 million barrels per day in June, the state news agency (KUNA) quoted the country's oil minister as ?saying on Sunday.

Seven ?OPEC+ countries will raise oil output targets by 188,000 barrels per ?day in June, the third consecutive monthly increase, OPEC+ said in a statement after an online meeting.

The output targets are largely symbolic ?for ?now, as Gulf countries have had to curtail production while the Strait of Hormuz is shut during the Iran war.


Asharq Al Awsat

Ticker Price Volume
(In US Dollar) Change Change(%)
Brent 109.2 -4.89 -4.29
WTI 102.5 -2.89 -2.74
OPEC Basket 112.83 3.39 3.1
Opec+ to raise oil output by 188,000 barrels

04/05/2026

Seven OPEC+ countries will raise oil output targets by 188,000 barrels per day in June, the third consecutive ?monthly increase, OPEC+ said in a statement.

The participating countries inclu

Trade Arabia

Oil Prices Whipsaw while US Stocks Glide Near their Record Heights

01/05/2026

Oil prices whipsawed on Thursday and surged toward their highest levels since the war with Iran began, only for the leaps to quickly vanish. The US stock market, meanwhile, is gliding following more

Asharq Al Awsat

Oil retreats after hitting four-year high on concern of US-Iran war escalation

01/05/2026

Global oil prices eased after hitting a four-year high of more than $126 a barrel earlier on Thursday, amid concerns the U.S.-Iran war could lead to a protracted Middle East supply disruption that co

Reuters

Brent hits 1-month high over concerns about prolonged Hormuz disruption

30/04/2026

Oil prices rose 3 percent on Wednesday, with the Brent contract hitting a one-month high, on media reports the US will extend its blockade of Iranian ports, likely prolonging supply disruptions from

Reuters

UAE quits Opec: Why oil markets reacted; what happens next

29/04/2026

The immediate market response to the UAE's departure from the Opec alliance reflects two competing forces: geopolitical tightness today and supply uncertainty tomorrow.

Brent crude rose abov

Khaleej Times