OPEC+ could cushion Iran oil shock but not broader disruption
WEB23 hours ago · LONDON, Oct 2 (Reuters) - OPEC has enough spare oil capacity to compensate for a full loss of Iranian supply if Israel knocks out that country's facilities but the producer group would struggle if ...
OPEC+ doing 'noble' job of balancing oil market, says UAE
WEB1 day ago · United Arab Emirates Energy Minister Suhail al-Mazrouei said on Wednesday OPEC+ was doing a noble job of balancing the oil market even if does not produce the majority of oil in the world.
OPEC rebuts WSJ article on Saudi saying oil prices could drop to $50
WEB1 day ago · OPEC rebutted a Wall Street Journal report on Wednesday, calling it wholly inaccurate and misleading in saying that Saudi Arabia's energy minister warned oil prices will drop to $50 per barrel if ...
OPEC+ extends oil output cuts again through November
WEBSep 5, 2024 · The Organization of the Petroleum Exporting Countries and its allies — the coalition of the world’s top oil producers known as OPEC+ — said Thursday that it is extending oil production cuts...
News - OPEC
WEBOPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September. 10 Sep 2024 | Vienna, Austria, 10 September 2024--The Organization of the Petroleum Exporting Countries (OPEC) will launch the 18th edition of its World Oil Outlook (WOO) at ROG.e 2024 in Rio de Janeiro, Federative Republic of Brazil.
OPEC+ to extend deep oil production cuts into 2025 - CNN
WEBJun 2, 2024 · The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025. The...
OPEC : Home
WEBNews: 1. OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September more; 2. OPEC daily basket price stood at $74,90 a barrel Wednesday, 25 September 2024 more; 3. OPEC to hold its 9th International Seminar in …
OPEC Plans a Gradual Unwinding of Production Cuts
WEBJun 2, 2024 · It aims to bolster oil prices by promising that deep production cuts will extend through next year. But it also spells out a gradual phase out of a portion of the cuts.
Oil prices spike as Saudi Arabia, Russia extend 1.3 million barrel a ...
WEBSep 6, 2023 · Saudi Arabia and Russia agreed Tuesday, Sept. 5, 2023, to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.
Oil Prices Jump, as OPEC Production Cut Draws U.S. Concern
WEBApr 3, 2023 · Oil prices surged on Monday and U.S. officials voiced their displeasure a day after OPEC members announced substantial cuts in production, a move that reaffirmed Saudi Arabia, the group’s...