The Organisation of the Petroleum Exporting Countries (OPEC) and the Russian Federation held the Ninth High-level Meeting of the OPEC-Russia Energy Dialogue on Friday in Moscow. The meeting was ...

Bloomberg survey: OPEC production rose by 370,000 bpd in October. Libya’s output recovery led OPEC to raise its production to nearly 30 million barrels daily. Iraq, Iran and Saudi Arabia saw ...

“This strategy in support of prices has effectively encouraged higher supply outside the group, particularly on the part of the U.S.,” Iranian OPEC Governor Afshin Javan said of the curbs in ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

The code has been copied to your clipboard. Russia is “flagrantly violating” its agreements with the OPEC oil cartel by concealing the true amount of oil it is producing and selling ...

ABU DHABI, Nov 4 (Reuters) - The Organization of Petroleum Exporting Countries (OPEC) is very positive on demand for oil in both the short and long term, Secretary General Haitham Al Ghais said at ...

OPEC Extends Its Oil Output Cuts by One Month Until the End of December Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil output ...

OPEC’s oil production rose last month as Libya restored output that was halted during a brief political crisis. Supplies from the Organization of Petroleum Exporting Countries increased by ...

In June, OPEC said 2.2 million barrels a day in voluntary cuts were extended until September but would then be gradually reduced month by month until they are eliminated by September 2025.

OPEC oil production rebounded from its lowest this year thanks to Libya resolving, even if temporarily, a political crisis over control of the Central Bank, Reuters has reported. Libyan output has ...

THE Organisation of Petroleum Exporting Countries, OPEC, yesterday, said Nigeria’s oil output, excluding condensate, was 1.434 million barrels per day, bpd, in October 2024. 1000){r=r.substring ...

The move by OPEC Plus is apparently intended to shore up oil prices. OPEC Plus comprises the Organization of the Petroleum Exporting Countries and other major producers such as Russia. The group ...