
OPEC+ countries continue to increase oil production
The OPEC+ group of countries will increase oil production by an additional 411,000 barrels per day for the second month in a row. Initially, the talk was to produce 138,000 barrels.
The OPEC+ group of countries will increase oil production by an additional 411,000 barrels per day for the second month in a row. Initially, the talk was to produce 138,000 barrels.
OPEC+ countries have postponed their June meeting to discuss the production plan for July. It will now take place a day earlier than planned.
Russia's Deputy Prime Minister Alexander Novak and Bahrein's Oil Minister Mohammed bin Mubarak Bin Dainah have discussed energy supplies …
The Organization of Petroleum Exporting Countries (OPEC) received updated plans of surplus oil production compensation from seven OPEC+ countries, specifically …
Oil prices extended losses on Monday, falling more than 2% as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand for crude while OPEC+ readies a supply increase. The price …
It was decided not to change plans for a gradual increase in production by 150,000 bpd per month
Eight OPEC+ countries agreed today to advance their plan for oil output hikes by increasing oil output by 411,000 barrels per day in May. Eight members of …
OPEC+ ministers from eight nations that are gradually raising oil output will meet online on April 3 and are likely to approve a further hike in production from May, sources from the producer group said. Eight members of …
Mikhail Mishustin stated that Russia maintains close cooperation with OPEC+, emphasizing the country's responsible approach to energy security issues.
The commitment was confirmed by representatives of the three countries
The conversation took place at the initiative of Riyadh
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 …
In a few months, OPEC+ will begin to increase oil production
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+ 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 …
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+ countries will not change the volume of oil production in connection with the recommendations of the organization's monitoring committee.
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. …
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 …
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. …