More: OPEC
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...
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...