Oil Nudges Higher After Saudi Arabia, Russia Stick To Output Cuts
SINGAPORE November 6 2023 : Oil prices edged up on Monday after top exporters Saudi Arabia and Russia said they ...
Tag: OPEC
Welcome to the OPEC category page, your source for comprehensive information about the Organization of the Petroleum Exporting Countries. OPEC, established in 1960, is a vital player in the global energy market, uniting major oil-producing nations in a collaborative effort to stabilize prices, ensure a steady supply, and promote the interests of both producers and consumers.
With 13 member countries, OPEC’s influence on the world economy is undeniable. Through strategic cooperation, production quotas, and market analysis, OPEC seeks to maintain a balanced oil market that benefits all stakeholders. The organization plays a pivotal role in addressing energy challenges, adapting to geopolitical shifts, and addressing environmental concerns.
Learn about OPEC’s history, its member nations, and the crucial decisions that shape the energy lan
Oil Falls More Than $2 on Easing Middle East Fears
HOUSTON, October 27 2023 : Oil prices fell more $2 a barrel on Thursday as fears of a wider Middle ...
OPEC+ Panel Holds Oil Policy Steady as Saudi Keeps Oil Cuts
London October 4 2023: An OPEC+ ministerial panel which met on Wednesday made no changes to the group's current oil ...
Global Energy Demand to Rise 25% by 2045, OPEC
Abu Dhabi October 3 2023: Global demand for all forms of energy is forecast to rise by 25% through 2045, ...
OPEC+ Output Rises 120,000 b/d in August Despite Saudi, Russia Restraint
London September 8 2023: OPEC+ crude oil output grew by 120,000 b/d in August as by increases in Iran, Iraq ...
Brent Crossed $90 Level as Saudi, Russia Extend Supply Cuts to End-2023
London September 5 2023: Oil prices jumped roughly 2% on Tuesday after Saudi Arabia and Russia announced a fresh extension ...
OPEC Sees Global Oil Demand Rising to 110 Million bpd by 2045
Vienna June 26 2023: OPEC expects global oil demand to rise to 110 million barrels per day (bpd) by 2045, ...
OPEC+ Output Cut Set to Wipe Out This Quarter’s Oil Surplus
New York April 3 2023: The surprise production cut by OPEC+ will eliminate the current supply surplus and push world ...
OPEC+ Announced A Surprise Production Cut Of 1 Million Barrels
Geneva April 2 2023: OPEC+ announced a surprise oil production cut that will exceed 1 million barrels a day, abandoning ...
UAE Denies Reports of Leaving OPEC
Dubai March 4 2023: United Arab Emirates has no plans to leave the OPEC alliance, officials said on condition of ...
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