OPEC’s Dilemma: Another Year of Supply Curbs or Price Slump
When OPEC+ ministers meet this weekend, they confront the unpalatable choice: continue to curb oil-supplies well into 2025, ...
OPEC+ production cuts may support oil prices in near term, Goldman Sachs says
Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting a modest ...
OPEC unlikely to raise production in short term, commodity trading bosses say
OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, ...
Gulf Times8d
GECF, Opec to strengthen ties to 'navigate intersections' of energy, climate and development
Hamel noted, “The GECF and Opec are like-minded intergovernmental organisations, and it is vital to provide a platform for our members to exchange views and expertise on the critical negotiating ...
LEADERSHIP Newspaper6d
Weak Crude Demand: OPEC To Weigh Deeper Production Cut In December
Many OPEC members need a price of over $70 to balance their budgets and could not sustain a long period of oil below $50. Nonetheless, OPEC+’s falling market share has led to speculation that ...
Zawya6d
OPEC, Russian Federation highlight importance of oil, energy markets stability in driving economic growth
Secretary General of OPEC. Alexander Novak said, "Russia will continue to be a key player in the oil market, maintaining its status as a reliable supplier. The OPEC+ member countries are in constant ...
Transport Topics2d
OPEC+ Has Little Room to Revive Oil Supply, Official Says
The article, unusually critical of OPEC policy for one of the group’s founding members, comes days before the producers meet to decide on plans for reviving halted supplies. Javan also wrote ...
OPEC+ Has Little Room to Revive Oil Supply, Iran Official Says
OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the US shale ...
Cyprus Mail7d
OPEC+ may stick with deep oil cuts for longer due to weak demand
Many OPEC members need a price of over $70 to balance their budgets and could not sustain a long period of oil below $50. Nonetheless, OPEC+’s falling market share has led to speculation that ...
The Motley Fool9d
What Is the Organization of the Petroleum Exporting Countries (OPEC)?
OPEC adjusts oil supplies to stabilize global market prices. OPEC+ includes key non-members like Russia to enhance stabilization efforts. Invest in oil stocks or ETFs understanding OPEC's ...
Yahoo Finance7d
Analysis-OPEC+ may stick with deep oil cuts for longer due to weak demand
Many OPEC members need a price of over $70 to balance their budgets and could not sustain a long period of oil below $50. LOW CHANCE OF 'PRICE WAR' Nonetheless, OPEC+'s falling market share has led to ...
Crude Oil Prices26d
OPEC Lifts October Production Ahead of Planned Production Hikes
Bloomberg survey: OPEC production rose by 370,000 bpd in October ... cutting production to support prices and pushing other members to stick with the plan. OPEC+ now faces a critical choice.