Tag: OPEC+

June 3, 2023 OPEC and its allies begin two days of meetings on Saturday which may culminate in further production cuts of as much as 1 million barrels per day, ...

June 1, 2023 OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four ...

May 31, 2023 Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a barrel ...

May 25, 2023 Top OPEC producers and their main allies have given a raft of conflicting messages about next oil policy moves, making it particularly difficult to predict the outcome ...

Feb. 23, 2022 There is no need for OPEC+ to expand its oil production increases, Nigeria's petroleum minister said on Tuesday, even as oil nears $100 a barrel, as a ...

Oct. 4, 2021 OPEC+ ministerial panel has recommended that the oil producing group stick to an existing pact to hike oil output by 400,000 barrels per day (bpd) in November, ...

Sept. 27, 2021 Top African oil exporters, Nigeria and Angola will struggle to boost output to their OPEC quota levels until at least next year as underinvestment and nagging maintenance ...

July 19, 2021 Oil prices fell over $3 in their largest daily decline since late March on Monday after OPEC+ overcame internal divisions and agreed to boost output, causing concern ...

July 17, 2021 OPEC+ ministers plan to hold their next meeting on Sunday to decide on output policy, three sources within the producers group told Reuters on Saturday. The development ...

July 5, 2021 OPEC+ ministers resume talks on Monday after failing to reach a deal on oil output policy in two days of talks last week amid a rare public ...