More: OPEC
OPEC+ Unveils New Capacity Rules in Bid to Calm Global Oil Markets
Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday that the new OPEC+ mechanism for assessing members’ maximum production capacity will help stabilise...
Iraq in Talks to Revise OPEC Oil Output Quota
Iraq, OPEC’s second-largest producer, is seeking to renegotiate its production quota to better reflect its full output capacity of 5.5 million barrels per day...
OPEC Chief Calls for More Oil Investment Amid Energy Transition Debate
OPEC Secretary General Haitham Al Ghais said on Wednesday that the world needs to invest more in oil and gas to meet rising energy...
OPEC+ considers sharper rise in oil supply
OPEC+ is expected to discuss a larger oil production increase of 411,000 barrels per day for November at an upcoming meeting. This move follows...
OPEC+ To Discuss Further Oil Output Hike to Regain Market Share
Background
OPEC+, the coalition of the Organization of the Petroleum Exporting Countries and allies including Russia, has long used production cuts to stabilize oil markets....
Kuwait oil minister says OPEC monitoring market, Trump remarks on Russian oil
KUWAIT, Aug 7 (Reuters) - Kuwait's Oil Minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and...
OPEC+ agrees in principle another large oil output hike, sources say
LONDON, Aug 3 (Reuters) - OPEC+ agreed in principle to boost oil output by 548,000 barrels per day in September, two OPEC+ sources said...
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...