Led by Saudi Arabia and Russia, OPEC+ agreed in early October to reduce production by 2 million barrels per day from November, – informs CNBC. An...
The introduction of a price threshold for Russian oil has been discussed for several months. The idea was announced back in early September in a statement...
“How will the market react to the attempts by politicians to rig supply and price?” asks “The Financial Times” in an article “The week that could...
The response of the USA to OPEC and its partner’s plan to reduce output by two million barrels per day was strong enough to suggest an...
Recent Saudi efforts to appease the Biden administration in the wake of the kingdom’s backing of last month’s OPEC+ oil production cut take on added significance...
In the 33rd Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC, a group often referred to as OPEC+, ministerial meetings in Vienna decided to reduce...
A perfect storm is brewing on the foreign policy front in America triggered by the OPEC+ decision to cut oil production by 2 million barrels a...
Editor’s Note: Modern Diplomacy, along with Global Leaders especially OPEC members, mourns Mohammad Sanusi Barkindo, OPEC Secretary General, whose unexpected death occurred early this month. Modern...
Since the pandemic struck last year, the energy market has been under a constant spiral of uncertainty. The oil markets experienced the brunt as the world...
Let us see how oil barrel prices have really fluctuated in recent weeks: in April, in fact, the European and Asian Brent benchmark, in parallel with...