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 ...
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
London September 8 2023: OPEC+ crude oil output grew by 120,000 b/d in August as by increases in Iran, Iraq ...
London September 5 2023: Oil prices jumped roughly 2% on Tuesday after Saudi Arabia and Russia announced a fresh extension ...
Vienna June 26 2023: OPEC expects global oil demand to rise to 110 million barrels per day (bpd) by 2045, ...
New York April 3 2023: The surprise production cut by OPEC+ will eliminate the current supply surplus and push world ...
Geneva April 2 2023: OPEC+ announced a surprise oil production cut that will exceed 1 million barrels a day, abandoning ...
Dubai March 4 2023: United Arab Emirates has no plans to leave the OPEC alliance, officials said on condition of ...
London March 3 2023: Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates ...
Dubai February 5 2023: Saudi Energy Minister Prince Abdulaziz bin Salman warned on Saturday Western sanctions against Russia could result ...
Vienna February 2 2023: The 47th Meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC took place via ...
Algiers December 26 2022: Algeria has set the reference price for crude oil at $60 a barrel through 2023-2025, state ...
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