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 Secretary General, on behalf of the Organization of Petroleum Exporting Countries, expressed condolences to Iran over the death of Raisi
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.
The Kazakh authorities do not plan to change the forecast for oil production this year, since the republic has pledged to fulfill the OPEC+ condition to reduce fuel production.
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 US Department of Energy said Iran set a record for oil production among OPEC member countries last year, reaching 2.8 million barrels per day.
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. …
Angola has announced its withdrawal from OPEC. For a long time, the country has not fulfilled its oil production obligations.
Iranian oil prices experienced a significant increase of $6.1 per barrel in August, according to recent data from the Organization of Petroleum Exporting Countries (OPEC). These figures reveal that Iran supplied oil to its …
Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Haitham al-Ghais announced his intentions to visit Russia for the first …
OPEC offered Azerbaijan to join the organization
President of Azerbaijan Ilham Aliyev has today received Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al …
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 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 …
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 …
Kazakhstan’s oil output in 2023 is expected to increase by 0.1 mb/d, according to the monthly oil outlook from OPEC. According to OPEC, Kazakhstan's liquids output in March declined by a minor 5,000 b/d month-on-month to …
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. …
