Tag: OPEC
these OPEC + countries which are extending their cuts to boost prices – L’Express
The objective is to support prices undermined by economic uncertainty. Riyadh and Moscow, pillars of the OPEC + alliance of oil exporting countries, announced on Sunday March 3, with other…
Angola withdraws from OPEC, disagreement with oil quotas
Rebound within OPEC+ which brings together oil exporting countries. Angola, an oil heavyweight on the African continent, has decided to withdraw from the organization. The reason: disagreements over the reduction…
how OPEC seeks to thwart any agreement targeting fossil fuels – L’Express
Fire on OPEC. Three days before the end of COP 28, in Dubai (United Arab Emirates), countries in favor of an exit from oil, gas and coal denounced the Organization…
Gasoline price at annual high: “The oil cartel Opec rules”
The petrol price has risen to the year’s highest, SEK 21:74. It is expected to slow down in the autumn – and then rise sharply again at the beginning of…
Oil: IEA estimates slowdown in demand in 2028, OPEC confirms forecasts and strategy
(Finance) – The forecasts of cgrowth in oil demand of OPEC and the IEA for this year, but the International Energy Agency aanticipate a fort slowdown of the question in…
Oil, OPEC+ will extend cuts through 2024
(Tiper Stock Exchange) – OPEC+ has decided to extend the current production cuts to oil production of 3.6 million barrels through 2024 and is also considering an additional 1 million…
Oil: why OPEC could further lower its production
Everyone goes with their little prognosis. Vienna is hosting the biannual meeting of the Organization of the Petroleum Exporting Countries (OPEC) this Sunday, June 4. The group, made up of…
Oil: why are the OPEC+ countries reducing their production?
The market reacts and oil prices jump, 24 hours after the announcements of the major OPEC+ exporting countries. They created the surprise, Sunday, April 2, by announcing a sudden drop…
OPEC+, technical committee recommends not changing production policy
(Finance) – A OPEC+ Technical Committee did not make any recommendations to change the current production policy of the group of oil producing nations. The Joint Ministerial Monitoring Committee (JMMC)…
Opec+ keeps oil production unchanged
At an earlier meeting in October, Opec+ agreed to cut production by 2 million barrels per day. That reduction has not yet taken full effect, and therefore they are now…