OPEC+ group continues to deliver lower supply increases than the monthly production quotas In November 2021, the members of the OPEC+ agreement complied with the production cuts at 117 percent Continue Reading
Highlights Alliance sees improved outlook for oil market Next OPEC+ meeting scheduled for Feb. 2 Shrinking capacity could make actual increase smaller OPEC and its Russia-led partners have approved another Continue Reading
The group is sticking to its plan to gradually restore output halted during the pandemic. OPEC and its allies agreed to revive more halted production as the outlook for global Continue Reading
CAIRO, Jan 3 (Reuters) – OPEC’s secretary general-elect said on Monday that global oil demand should return to its pre-pandemic levels by the end of 2022, Al Arabiya news channel Continue Reading
OPEC+: impact Omicron on oil prices temporary OPEC + is meeting this week to discuss output plans Bloomberg polled analysts: group may decide to keep outcut cut plans unchanged OPEC+ Continue Reading
OPEC+ sees smaller oil market surplus at the beginning of 2022 Lower expected oil supply from non-OPEC+ producing nations was the key reason for a downgrade in the surplus estimate Continue Reading
OPEC ministers are due to hold a meeting on Monday to discuss the appointment of a new secretary-general, two OPEC sources said, with Kuwait’s candidate for the job holding widespread Continue Reading
OPEC and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand. The 23-nation alliance led Continue Reading
2021 was a challenging year for OPEC+ as prices began to recover, presenting a temptation that has always been difficult to resist. OPEC+ exercised restraint, however, refusing to open the Continue Reading
The OPEC+ group will likely proceed with its oil production policy of the past few months by deciding next week to add another 400,000 barrels per day (bpd) to its Continue Reading
