The cartel of oil-producing countries, which has expanded to include Russia, decided to postpone plans for a return to ...

the only member of the oil cartel today, after the withdrawal of Ecuador in 2020. “President Lula confirmed our entry into the OPEC+ cooperation council,” said Silveira de Oliveira in a video ...

Amidst further uncertainties about global oil supply and demand with President Trump, OPEC+ may have to tweak their ...

MOSCOW. Nov 5 (Interfax) - Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman are extending voluntary oil production cuts by 2.2 million bpd for one month until the ...

0940 GMT – OPEC+ would have to further delay its planned output hike to curb the anticipated global supply surplus next year, according to BMI analysts. The cartel and its allies pushed back their ...

By Maha El Dahan, Aziz El Yaakoubi and Yasmin Hussein CAIRO (Reuters) -OPEC+ member states lined up on Sunday to endorse the steep cut to its output target agreed this month after the White House ...

Eight member countries of the OPEC+ oil-producing group anounced on Sunday to further extend their voluntary output cuts by a month, pushing the reductions through the end of December in response ...

VIENNA, Nov 4, 2024 (BSS/AFP) - Eight members of the OPEC+ group of oil-producing nations said on Sunday they were extending ...

OPEC has just cut its demand forecast for 2024 and 2025. Non-OPEC+ producers are expected to pump more oil next year. OPEC+ unity will face a serious test in 2025 if oil prices do not rebound from ...

Crude oil (CL=F, BZ=F) prices are ticking up after OPEC+ members cut their global oil demand growth forecasts, while gold futures (GC=F) move lower Tuesday morning.

However, the key assumption behind this is that OPEC+ will go ahead with the gradual unwinding of 2.2m b/d of additional voluntary supply cuts. This leaves a big risk in our view because if OPEC+ ...

OPEC+ originally planned to raise oil production in October, but last month the bloc said it planned to pause its output hike for October and November because of weak prices. Eight member ...