OPEC+ not to increase oil production in 2024
OPEC+ countries have decided to extend voluntary oil production cuts of 2.2 mln barrels per day until the end of December, according to a statement published on …
OPEC+
OPEC+ to increase oil production
In a few months, OPEC+ will begin to increase oil production
OPEC+ extend voluntary oil output cuts
Several members of OPEC+ agreed to extend their group-wide output cuts to the end of 2025. The countries agreed to extend their additional voluntary cuts of 2.2 million bpd, announced in November 2023, until the end of September …
OPEC+ members extend oil production cuts into 2025
OPEC+ agreed to extend most of its deep oil output cuts well into 2025, according to the statement of the OPEC and non-OPEC Ministerial Meeting released on Sunday. OPEC+ members are currently cutting output by a total of 5.86 million …
Namibia may join OPEC+
The OPEC+ oil producers group is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next decade, Reuters reported citing sources. TotalEnergies, opens new tab and Shell, …
OPEC+ not to change oil production volumes
OPEC+ countries will not change the volume of oil production in connection with the recommendations of the organization's monitoring committee.
Russia to cut oil production by nearly 0.5 mln bpd
Russia plans to cut its oil production and export by an average of 471,000 barrels a day in the second quarter of 2024 as part of its voluntary commitments under the OPEC+ deal, Russian Deputy Prime Minister Alexander Novak said. …
OPEC+ extends 200 mln bpd oil output cuts
Several OPEC+ countries have announced the extension of additional voluntary oil production cuts for the second quarter of 2024. Thus, Saudi Arabia extends production cuts by one million barrels a day until June, the United Arab …
OPEC+ states intend to stabilize oil market
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, reaffirmed their commitment to unity, full cohesion and market stability following Angola's departure announcement from the group. …
Brazil to join OPEC+ next month
Brazil will become the OPEC+ member next month. The relevant information was confirmed by the alliance itself yesterday.
Six OPEC+ countries agree on oil production voluntary cut
Saudi Arabia announced an extension of oil production cuts until the end of March. A reduction in production was also confirmed by five other countries, including Russia.
OPEC+ mulls new oil production cuts
OPEC+ members are considering new oil production cuts of as much as 1-2 million barrels a day, the Wall Street Journal reported. Saudi Arabia favors curb of up to 1 million barrels a day, while other membersm including Nigeria and …
Russia, OPEC+ agree to cut oil production
Russia, OPEC + agreed to reduce oil supplies
Russia begins oil exports reduction under OPEC+ ahead of schedule
Russia has started cutting oil supplies abroad in advance. Next month, it is planned to implement the all the declared agreements within the framework of OPEC+, the Ministry of Energy announced.
OPEC invites Azerbaijan
OPEC offered Azerbaijan to join the organization
Putin and Saudi crown prince discuss OPEC + cooperation
Russian President Vladimir Putin and Saudi Crown Prince Mohammad bin Salman al Saud had a phone call, discussing cooperation within the OPEC+, the Kremlin press office said. "Both sides praised the level of …
Azerbaijan to cut oil production
Azerbaijan is expected to adjust its crude production to 551,000 barrels per day throughout 2024. The overall crude oil production level for both OPEC and non-OPEC countries will be set at 40.46 mb/d, as the block agreed, following 35th …
OPEC+ announces further voluntary production cuts
The OPEC+ energy ministers met on Sunday in Vienna to iron out next production steps, as global oil prices remain under pressure from broader macro-economic concerns. OPEC+ nations agreed the level of oil production in 2024 at 40.46 …
Novak assesses OPEC+ cooperation after deal expires
The countries participating in the OPEC+ agreement can continue cooperation even after the end of the deal, including as part of technological interaction and the creation of joint projects, Russian Deputy Prime Minister Alexander Novak said. …
Oil prices surge after Russia and Arab world announce cuts
Oil prices continue to soar on Tuesday after OPEC+ countries said they will cut production by 1.15 million barrels per day from May until the end of the year. Brent crude had topped $85 per barrel and WTI was trading at …
