OPEC+ unlikely to change output policy at April 3 meeting
April 2, 2024 An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday, five OPEC+ sources told Reuters, as oil prices hit…
OPEC+ committee meeting keeps oil output policy unchanged
February 1, 2024 A committee of OPEC+ ministers proposed no changes to the group’s oil output plans at a meeting on Thursday. Leading ministers from the Organisation of the Petroleum…
Saudi Arabia, Russia deepen oil cuts sending prices higher
July 3, 2023 Saudi Arabia and Russia, the world’s biggest oil exporters, deepened oil cuts on Monday, sending prices higher despite concerns over a global economic slowdown and possible further…
OPEC+ begins meetings which may lead to further output cuts
June 3, 2023 OPEC and its allies begin two days of meetings on Saturday which may culminate in further production cuts of as much as 1 million barrels per day,…
OPEC+ unlikely to deepen oil supply cuts at June 4 meeting – Sources
June 1, 2023 OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four…
OPEC gearing up for deeper oil cuts, Russia yet to agree
OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices…
OPEC+ likely to extend oil supply cuts until June – sources
OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi Arabia’s push for stable…
Oil Rose to 5-month High Amid OPEC Cuts, U.S. Sanctions, Libya Fighting
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well…
More pressure on 2019 budget as oil prices crash to $45.64 a barrel
Oil prices fell on Thursday after rebounding 8 percent in the previous session, with prices pressured by concerns over a faltering global economy and worries about a glut in crude…
Barkindo says Russia will respect oil production cap agreement
OPEC Secretary-General Mohammad Barkindo told CNBC on Tuesday he has President Vladimir Putin’s word that Russia will not flood the oil markets. This raises hope that the recent spike in…