OPEC+ could cushion Iran oil shock but not broader disruption
WEB17 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+ panel sticks to output policy, doubles down on compliance
WEB1 day ago — OPEC+ is cutting output by a total of 5.86 million barrels per day (bpd), or about 5.7% of global demand, in a series of steps agreed since late 2022. The group plans a 180,000 bpd increase in ...
OPEC’s Crude Output Fell Sharply in September on Libyan …
WEB1 day ago — OPEC’s crude production declined sharply last month after a political crisis slashed supplies from Libya. Output from the Organization of Petroleum Exporting Countries slumped by 480,000 barrels ...
OPEC+ Makes No Changes to Plans for Reviving Oil Production
WEB1 day ago — October 2, 2024 at 10:30 AM EDT. Save. OPEC+ made no changes to plans to start gradually reviving oil production towards the end of the year, despite signs of an impending surplus. A statementfrom ...
OPEC rebuts WSJ article on Saudi saying oil prices could drop to $50
WEB20 hours 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 ...
News - OPEC
WEBOPEC and the City of Vienna to host the Vienna Energy Scholar Programme 2023. 02 May 2023 | Vienna, Austria, 2 May 2023--The OPEC Secretariat and the City of Vienna will host the Third Vienna Energy Scholar Programme (VESP) from 4 to 9 September 2023 at the OPEC Headquarters.
OPEC+ doing 'noble' job of balancing oil market, says UAE
WEB22 hours 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 Plans a Gradual Unwinding of Production Cuts
WEBJun 2, 2024 — The group announced after its meeting on Sunday that it would be extending production cuts into 2025 and laid out plans for phasing out voluntary cuts. Whether the strategy will work remains to be...
OPEC+ Voluntary Cuts to Be Phased Out From October
WEBJun 2, 2024 — OPEC+ agrees to prolong group-wide output cuts to the end of 2025. Saudi, Russia, others will also extend voluntary curbs through September. United Arab Emirates wins higher oil production...
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 …