Tag: OPEC
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…
OPEC general secretary hopes to extend agreement with Russia
(Finance) – “We would like to extend the agreement with Russia and the other non-OPEC producers, it is very difficult for me to imagine that the agreement will not continue.…
Oil rebounds on the eve of the OPEC + meeting
(Finance) – After the sharp drops of the last two sessions, the price of crude oil starts to rise againon the eve of a OPEC + meeting (the expanded formation…
Meeting at the summit, OPEC + must decide on a possible increase in production
The Organization of Petroleum Exporting Countries (OPEC) and their ten partners in the OPEC+ agreement, including Russia, are meeting this Wednesday, August 3 in Vienna. The issue is whether or…
Russia is “essential” to OPEC + according to its secretary general
Amid soaring global prices, many are hoping oil-exporting nations will significantly increase volumes to quell inflation at their next meeting scheduled for Wednesday. But the secretary general of the alliance,…
OPEC + announces an increase of 648,000 barrels per day in July and August
(Finance) – Opec +, the expanded cartel formation of oil producing countries, which also includes Russia, has finally accelerated the pace of increase in crude oil productionabandoning the minimal increase…
Oil skyrockets after US and UK stop supplying. Berlin appeal to OPEC
(Finance) – Back to racing oil, which returns to the highs reached recently as a result of the embargo on Russian oil, announced by the United States and the United…
Istat, foreign trade: exports above 2019 levels in 2021
(Finance) – Despite the decline in December, the export dynamics in the fourth quarter of 2021 are positive in comparison with the previous quarter. TheIstat underlining that on an annual…