OPEC+ Will Consider Output Cut of More Than 1 Million Barrels
Vienna October 2 2022: The OPEC+ group of oil producers will consider cutting output by more than 1 million barrels ...
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 heads for weekly gain as OPEC+ considers output cut
New York September 30 2022: Oil prices were on track for their first weekly gain in five on Friday, underpinned ...
OPEC+ Discusses Cutting Oil Output at Next Week’s Meeting
Vienna September 29 2022: OPEC+ has begun discussions about lowering oil output when it meets next week, as a fragile ...
OPEC daily basket price stood at $95.20 a barrel Monday
Vienna September 20 2022: The price of OPEC basket of thirteen crudes stood at US$95.20 a barrel on Monday, compared ...
OPEC keeps 2023 oil demand growth at 2.7 mil b/d with ‘still-solid’ economies for top consumers
Vienna September 14 2022: OPEC is still forecasting robust oil demand growth of 3.1 million b/d for 2022 and a ...
OPEC daily basket price stands at $95.96 a barrel Wednesday
Vienna September 8 2022: The price of OPEC basket of thirteen crudes stood at $95.96 a barrel on Wednesday, 7th ...
OPEC+ agrees small oil production cut
Vienna September 5 2022: OPEC and its allies led by Russia on Monday agreed a small oil production cut to ...
OPEC daily basket price stands at $101.04 a barrel Wednesday
Vienna September 1 2022: The price of OPEC basket of thirteen crudes stood at US$101.04 a barrel on Wednesday, compared ...
OPEC Nations Line Up Behind Saudi Call to Act If Necessary
Vienna August 25 2022: OPEC’s united front on possible action grew stronger, as more nations endorsed Saudi Arabia’s view that ...
Oil steady as fears of imminent OPEC+ output cut fade
Singapore August 24 2022: Oil prices were little changed on Wednesday as the market grappled with supply concerns amid the ...
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