OPEC+ supply gap widens further as February compliance jumps
Vienna March 18 2022: OPEC+ compliance with oil production cuts rose to 136% in February from 129% in January, two ...
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
Vienna March 18 2022: OPEC+ compliance with oil production cuts rose to 136% in February from 129% in January, two ...
Tehran February 22 2022: Iran's parliament has decided to raise its forecast for oil sales and price in the upcoming ...
Dubai February 9 2022: The price of OPEC basket of thirteen crudes stood at US$92.17 a barrel on Tuesday, compared ...
Vienna February 2 2022: The oil market will be oversupplied by 1.3 million b/d in 2022 if OPEC and its ...
Riyad December 9 2021: OPEC and its allies boosted crude oil production by 500,000 b/d in November, with 80% of ...
Baghdad December 8 2021: Iraq expects the price of oil to rebound and rise above $75/b in the coming months ...
Dubai November 4 2021: OPEC and its allies are standing firm on boosting crude output by a modest 400,000 b/d ...
Oil prices firmed on Monday, with Brent trading near USD70 a barrel on increasing prospects that fuel demand will pick ...
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