OPEC+
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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...
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Global energy demand is projected to reach 374.1 million barrels of oil equivalent per day by 2050, an increase of 24% compared to 2023, according to OPEC's annual report. This is the first assessment...
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OPEC (a group of 12 countries) reduced its oil production in August by 197,000 barrels per day (bpd) to 26.6 million bpd, according to the coalition's report. Production increased mainly in Nigeria, C...
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Eight OPEC+ countries, which have been voluntarily reducing oil production by 2.2 million barrels per day and were planning to gradually unwind these cuts starting in October, have postponed this deci...
