OPEC+
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In November 2024, the OPEC+ countries produced 35.23 million barrels of oil per day (bpd), which was 222,000 bpd below the target set for the month, according to the latest OPEC report. The target, wh...
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OPEC+ has postponed its planned increase in oil production until April to avoid destabilizing the oil market during the winter period of lower demand, stated Russian Deputy Prime Minister Alexander No...
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Key OPEC+ countries have begun discussions about the potential delay of the planned oil production increase, which was scheduled for January. This delay could last several months, according to Bloombe...
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A balanced energy transition is key to global sustainability, said Haitham al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), in his speech at a high-level me...
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Azerbaijan plays a constructive role in regulating the global oil market, the Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Haitham al-Ghais, said at a meeting with Az...
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The Ministerial Monitoring Committee (JMMC) will discuss the current state of the global oil market in December and make decisions regarding further actions for OPEC+, according to Russian Deputy Prim...
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Oil and natural gas will remain a stable part of the global energy balance for the coming decades, with demand expected to remain robust, said OPEC Secretary-General Haitham al-Ghais at the African En...
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Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman are extending their voluntary oil production cuts by 2.2 million barrels per day for one month, until the en...
