OPEC+ panel sticks to output policy, doubles down on compliance
By Alex Lawler, Ahmad Ghaddar, Maha El Dahan and Olesya Astakhova LONDON/DUBAI (Reuters) -A meeting of top OPEC+ ministers has kept oil output policy unchanged including a plan to start raising output from December,
Opec+ focuses on compliance as output policy left unchanged
The group's JMMC reviewed the crude oil production data for the months of July and August and the current market conditions, retaining the group’s existing output policy
OPEC+ unlikely to change output policy
Oil prices have fallen in 2024 with Brent crude last month slipping below $70 a barrel for the first time since 2021
OPEC+ Leaves Current Output Cut Policy Unchanged at JMMC
The OPEC+ joint ministerial monitoring committee meeting (JMMC) concluded on Wednesday, with the ministers refraining from making any changes to production policy,
Opec+ panel keeps output policy unchanged, compliance takes centre stage
The group's JMMC reviewed the crude oil production data for the months of July and August and the current market conditions, retaining the group’s existing output policy
OPEC+ ministers keep oil output policy unchanged, source says
Another source said talks are focusing on compliance with output cuts and ministers are likely to adjust compensation schedules for those countries that have been pumping above their targets
OPEC+ set to keep output policy unchanged at panel meeting
By Alex Lawler, Ahmad Ghaddar and Maha El Dahan LONDON/DUBAI (Reuters) - An OPEC+ ministerial panel scheduled to meet on Wednesday is unlikely to recommend any changes to policy, allowing the group to start gradually increasing production from December,
Oil Gains Ease After OPEC+ Sticks to Output Policy
Oil price gains eased after a meeting of top OPEC+ ministers kept policy unchanged—including a plan to start raising output in December—bringing concerns over a market surplus back into focus.
OPEC+ could cushion Iran oil shock but not broader disruption
OPEC has enough spare oil capacity to compensate for a full loss of Iranian supply if Israel knocks out that country's ...
Oil shock? How OPEC+ could soften the blow if the Middle East conflict hits supply.
Oil prices have climbed so far this week, with traders worried that Israel may decide to hit Iran’s oil infrastructure in ...
Saudi Minister Warns of $50 Oil as OPEC+ Members Flout Production Curbs
The kingdom called out members for overproducing, in what was seen as a veiled threat of a price war.
OPEC+ doing 'noble' job of balancing oil market, says UAE
United Arab Emirates Energy Minister Suhail al-Mazrouei said on Wednesday OPEC+ was doing a noble job of balancing the oil ...
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Kazakhstan Meets OPEC+ Obligations
ASTANA — Kazakhstan has confirmed that it fully met its obligations under the Organization of the Petroleum Exporting ...
Why OPEC+ Got a Saudi Warning About $50 Oil
Saudi Arabia's oil minister has warned that oil could hit $50 a barrel if OPEC+ members flout production curbs, in what was ...
Russia says OPEC+ ceding oil market share for long-term stability
OPEC+ is strategically reducing oil supply and ceding market share with a long-term view so that the producing countries ...
Saudi Strategic Shift Raises Specter Of Another Oil Bust
Saudi Arabia is again signaling a shift in strategy to protect global market share. The last time this happened, an oil bust ...