More: OPEC

OPEC Cuts Global Oil Demand Forecast for 2024-2025

The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday further trimmed its forecasts for global oil demand growth this year and next, marking...

8 OPEC+ members to further extend their voluntary output cuts by a month

Eight member countries of the OPEC+ oil-producing group anounced on Sunday to further extend their voluntary output cuts by a month, pushing the reductions...

OPEC further cuts 2024, 2025 global oil demand forecast

The Organization of the Petroleum Exporting Countries (OPEC) on Monday further trimmed forecasts for global oil demand growth this year and next, marking the...

OPEC receives compensation plans for overproduction from Iraq, Kazakhstan, Russia

The Organization of the Petroleum Exporting Countries (OPEC) Secretariat said Wednesday that it received compensation plans from Iraq, Kazakhstan and Russia for their overproduced...

How a conflict in Iran can affect the Energy and Economic Sectors of ASEAN

ASEAN (Association of Southeast Asian Nations) countries are significantly affected by the Iran conflict, particularly in the energy and economy sectors. Due to the...

Angola Quits OPEC Due to Disputes Over Quotas

For Angola, membership status is not the sole concern but the Organization of the Petroleum Exporting Countries (OPEC) must necessarily serve its business interest....

Saudi-Russian concord at OPEC+

To be sure, OPEC+ touches raw nerves in Washington even seven years after the group took shape as the brainwave of Russian President Vladimir...

OPEC+ Cuts Production

On April 3, 2023, OPEC published a press release saying that a number of countries, both members of this cartel and those participating in...

When the Saudis are doing what they need to do, the White House has nothing to say

The shock oil production cuts from May outlined by the OPEC+ on Sunday essentially means that eight key OPEC countries decided to join hands...

OPEC+ agrees to stick to its existing policy of reducing oil production

Led by Saudi Arabia and Russia, OPEC+ agreed in early October to reduce production by 2 million barrels per day from November, - informs...

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