Category: OPEC

OPEC+ managed to stabilize oil prices after what had been an incredibly volatile week, with the cartel adding plenty of caveats to its decision to stick to its plan vis-a-vis Continue Reading

OPEC+ agreed to ease production cuts in January by 400,000 bpd OPEC+: There will also be an extension of the compensation cuts Saudi Arabia and Russia had already signaled that Continue Reading

 OPEC and its allies will decide on Thursday whether to release more oil into the market or restrain supply amid big gyrations in crude prices, a U.S. release from oil Continue Reading

Highlights Increase in oil output would require drilling investment Russia has pushed for increase to output quota in past Gap narrows between Russian, Saudi Arabian breakeven oil prices Lower fiscal Continue Reading

OPEC has once again failed to hit its target production level, falling 34,000 bpd short Both Saudi Arabia and Iraq saw production increases in line with the target OPEC+ meets Continue Reading

OPEC and its allies begin two days of meetings on Wednesday to decide whether to release more oil into the market or restrain supply amid an oil price rout and Continue Reading

Global oil stocks are set to rise faster than previously expected, according to an internal report prepared for the technical committee meeting of the OPEC+ group seen by Energy Intelligence Continue Reading

Omicron variant detected in more countries OPEC delays technical meetings to assess Omicron impact-sources Talks on reviving 2015 Iran nuclear deal will resume on Monday TOKYO, Nov 29 (Reuters) – Continue Reading

Oil prices plunged on Friday on renewed fears of a COVID-19-fueled drop in demand. OPEC has been slow to open the taps despite soaring oil prices over the past several Continue Reading

OPEC meetings moved to Wednesday/Thursday Policy decision likely on Thursday at OPEC+ meeting Oil plunged on Friday on new virus variant fears Fall was exacerbated by low market liquidity OPEC Continue Reading