OPEC+ accelerates oil output hikes
Despite the production boost, the group emphasised that future adjustments remain flexible and could be paused or reversed depending on market conditions.
OPEC+ extends additional voluntary output cuts
The overproducing countries also reconfirmed their commitment that the entire overproduced volume will be fully compensated for by September 2025….reports Asian Lite
OPEC+ extends output cuts into 2025
The total voluntary cuts adopted by some member countries reached 2.2 million barrels per day…reports Asian Lite News The 37th OPEC and
OPEC+ Agrees on Extension for Oil Output Cuts
OPEC+ is an oil-producer group comprising member countries of the Organization of the Petroleum Exporting Countries (OPEC) and their allies…reports Asian Lite
OPEC+ Announces Additional Oil Cuts
The cuts will be in addition to the announced voluntary cut by the Russian Federation of 500 thousand barrels per day for
‘OPEC+ monitors variables for stable oil market’
Al Mazrouei stressed that the Ministry of Energy and Infrastructure has completed the update to the UAE Energy Strategy 2050 and the
Saudi pledges big oil cuts, OPEC+ extends deal
Saudi Arabia said it would make further cuts of one million barrels per day (bpd) in July and OPEC+ said targets would
Oil prices surge after OPEC+ output cut
UAE among members of Organisation of Petroleum Exporting Countries (OPEC) Plus announced a surprise cut in oil production that will exceed one
OPEC+ set to stay the course on oil output
The EIA said that ongoing concerns about global economic conditions as well as the easing Covid-19 restrictions in China raised the uncertainty
OPEC+ keeps oil output unchanged
The decision comes as oil markets wait to see how a slowing Chinese economy and a G7 price cap on Russian oil