CNBC's Brian Sullivan reports on news regarding OPEC's international seminar. With new power, Trump will move immediately to lay off federal workers Simon Cowell Stops ‘AGT' Audition, Asks Granddaughter to Sing Instead ‘Shut up,

Output increases from oil producer group OPEC+ are not leading to higher inventories, showing that markets are thirsty for more oil, ministers and executives from OPEC nations and bosses of Western oil majors said on Wednesday.

OPEC has denied accreditation to five leading Western media outlets for its Vienna meeting, reviving tensions over press freedom and oil market transparency.

Helima Croft, RBC Capital Markets global head of commodity strategy, joins CNBC's 'Power Lunch' to share takeaways from OPEC's seminar in Vienna, Austria.

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the extra crude, and will the group actually export the additional barrels they say they are going to produce?

India significantly increases crude oil imports from the US and Brazil in H1 2025, reflecting a shift toward non-OPEC sources amidst changing global market dynamics and diplomatic efforts.

War can lead to ‘complications on energy producers’ and hardships on national economies, Iran’s oil minister warned on Wednesday.

The Organization of Petroleum Exporting Countries (OPEC) continues to boost oil production, with more than 500,000 additional barrels per day set to hit global markets in August, in a bid to regain market share lost to other oil producers,

Ministers and executives from OPEC nations, along with bosses of Western oil majors, stated on Wednesday that increased output from the cartel is not resulting in higher inventories.

The increase, which the group said was a response to “a steady global economic outlook,” was higher than some analysts expected and could lead to lower oil prices.

Wale Tinubu has been invited to join an exclusive high-level roundtable session at the prestigious OPEC International