More: OPEC
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...
Oil Price Threshold: Action and Reaction
The introduction of a price threshold for Russian oil has been discussed for several months. The idea was announced back in early September in...
Quiet panic: “We don’t know how oil market is going to function after a certain date”
“How will the market react to the attempts by politicians to rig supply and price?” asks “The Financial Times” in an article “The week...
USA-KSA Energy War and Global Energy Crisis
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...