The 500,000 b/d production increase OPEC and its partners are planning for January will be divvied up proportionally, with Saudi Arabia and Russia, the two largest members, each allowed to Continue Reading
A day after OPEC reached a difficult agreement to boost oil production by half a million barrels daily from January, Russian Deputy Prime Minister Alexander Novak told local media that Continue Reading
Energy efficiency is expected to record this year its weakest progress in a decade, creating additional challenges to the world achieving international climate goals, the International Energy Agency (IEA) said Continue Reading
OPEC and allied countries including Russia agreed Thursday to increase oil production by 500,000 barrels a day from January and said they would meet monthly to decide further output levels, Continue Reading
After five days of difficult talks that exposed new rifts between core members, OPEC+ agreed to gently ease output cuts next year. The deal appeared to satisfy the oil market and Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
OPEC+ is closing in on an agreement on output cuts after days of tense negotiations, according to delegates. After direct talks between the group’s heavyweights — Russia, Saudi Arabia and the Continue Reading
After failed talks exposed a dangerous fissure at the alliance’s core, OPEC and its partners are quietly working to repair the damage. Key players in the 23-nation alliance are making Continue Reading
OPEC+ is closing in on an agreement on output cuts after days of tense negotiations, according to delegates. After direct talks between the group’s heavyweights — Russia, Saudi Arabia and the Continue Reading
The Organization of the Petroleum Exporting Countries and its allies are closing in on an agreement to modestly boost their collective oil output by as much as 500,000 barrels a Continue Reading
