More: OPEC
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...
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...