Lula says Brazil never to be full member of OPEC+, only observer
By Jake Spring (Reuters) – Brazil will never join the OPEC+ group of oil-producing nations as a full member and instead only seeks to participate …
OPEC
Brazil to join OPEC+ but won’t cap oil output, Petrobras CEO says
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not …
OPEC+ agrees to deepen voluntary oil output cuts
By Alex Lawler, Olesya Astakhova, Maha El Dahan and Ahmad Ghaddar LONDON/MOSCOW/DUBAI (Reuters) -OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about …
Brazil set to join OPEC+ from January, delegate says
(Reuters) – Brazil is set to join the OPEC+ group of oil-producing countries which includes Saudi Arabia and Russia from January, an OPEC+ delegate told …
Factbox-What is OPEC+ and how does it impact oil prices?
(Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, …
OPEC+ to consider whether more oil cuts needed – sources
By Olesya Astakhova and Alex Lawler MOSCOW/LONDON (Reuters) – OPEC+ is set to consider whether to make additional oil supply cuts when the group meets …
OPEC+ members send less oil to U.S., adding to tight supply outlook
By Stephanie Kelly and Alex Lawler NEW YORK (Reuters) – U.S. waterborne imports of crude from OPEC+ members including Saudi Arabia have dropped steadily over …
OPEC+ ministers keep oil output policy unchanged – sources
LONDON (Reuters) – A panel meeting of the top ministers of OPEC+ has kept oil output policy unchanged on Friday, two OPEC+ sources said. The …
Oil to drift lower as slower growth offsets OPEC+ cuts: Reuters poll
By Rahul Paswan (Reuters) – Oil prices will stall this year as weak economic growth is expected to curb demand and offset the impact of …
OPEC+ oil quota reform increases Gulf’s dominance
By Ahmad Ghaddar LONDON (Reuters) – Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman earlier this month outlined one of the biggest reforms at OPEC …
Analysis-Inside OPEC+, Saudi ‘lollipop’ oil cut was a surprise too
By Dmitry Zhdannikov, Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its …
Explainer-Why is OPEC+ cutting oil output?
LONDON (Reuters) – OPEC and its allies, including Russia, meet in Vienna on June 4 to decide on their output policy. The group, known as …
Factbox-What have OPEC+ producers said ahead of June oil policy meeting?
LONDON (Reuters) – Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy …
Russia’s Novak does not expect new steps from OPEC+ meeting
By Ksenia Orlova and Vladimir Soldatkin (Reuters) – Russian Deputy Prime Minister Alexander Novak said on Thursday he expected no new steps from the OPEC+ …
Marketmind: Markets exhale after OPEC+ shock; RBA hits pause
By Kevin Buckland A look at the day ahead in European and global markets from Kevin Buckland Asian investors continued to weigh the impact of …
OPEC+ may spur U.S. crude oil exports, tick production higher
By Stephanie Kelly and Liz Hampton (Reuters) – OPEC’s surprise oil production cuts could lead to higher demand for U.S. oil in Europe and Asia …
US sees OPEC+ output cuts as unadvisable
(Reuters) – The Biden administration said the surprise oil output cuts announced on Sunday by Saudi Arabia and other OPEC+ countries were not advisable. “We …
OPEC+ unlikely to tweak oil policy in Monday talks – delegates
By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova LONDON/MOSCOW (Reuters) – OPEC+ is likely to stick to its existing deal to cut oil output at …
OPEC+ decisions not politicised, Saudi energy minister says
RIYADH (Reuters) – Decisions by OPEC+ are not politicised and are based on market fundamentals, Saudi Arabian energy minister Prince Abdulaziz bin Salman said on …
OPEC+ will keep oil policy unchanged in review talks – sources
By Rowena Edwards and Maha El Dahan LONDON/DUBAI (Reuters) – OPEC+ will likely stick to its oil output targets when it meets on Sunday, five …
OPEC+ seen heading for oil policy rollover, cut not ruled out
By Ahmad Ghaddar, Maha El Dahan and Alex Lawler LONDON/DUBAI (Reuters) – OPEC+ is likely to stick to its current oil output target when it …
Oil prices could fall without further OPEC+ cut, analysts say
By Ahmad Ghaddar and Rowena Edwards LONDON (Reuters) – OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 …
OPEC+ ‘only a phone call away’ if markets need balancing – UAE minister
By Maha El Dahan, Alex Lawler and Yousef Saba ABU DHABI (Reuters) -The United Arab Emirates’ energy minister said on Monday that OPEC+ was always …
UAE says OPEC+ output cut was correct decision, no politics behind it
By Maha El Dahan ABU DHABI (Reuters) -The United Arab Emirates believes OPEC+ made the correct technical choice when it agreed to cut production targets …
Saudi defence minister: OPEC+ decision taken unanimously for economic reasons
(Reuters) – Saudi Arabia’s defence minister said the decision by OPEC+ to cut oil output was taken unanimously and for purely economic reasons. Prince Khalid …
Iraq says OPEC+ decisions are based on economic indicators, taken unanimously
(Reuters) – Iraq’s Oil Marketing Company (SOMO) said on Sunday that OPEC+ decisions are based on economic indicators and are taken unanimously. “There is complete …
OAPEC Sec Gen says OPEC+ decision to cut oil production ‘correct’
CAIRO (Reuters) – The secretary general of the Organization of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the OPEC+ decision to cut its …
High Oil Prices Exacerbated By OPEC+ Cuts Could Push Global Market Into Recession, Analysis Warns
High Oil Prices Exacerbated By OPEC+ Cuts Could Push Global Market Into Recession, Analysis Warns Jack McEvoy on October 13, 2022 High oil prices …
Factbox-Goldman raises oil price forecasts on OPEC+ cuts
(Reuters) – Goldman Sachs raised its oil price forecast for this year and next on expectations the 2 million barrels per day (bpd) output cut …
Goldman raises oil price forecasts on ‘very bullish’ OPEC+ cuts
(Reuters) – Goldman Sachs has raised its oil price forecast for this year and 2023, as the U.S. bank expects the 2 million barrels per …
OPEC+ move reignites Americans’ top worry ahead of November midterms
By Jason Lange, Joseph Ax and David Morgan WASHINGTON (Reuters) – A production cut by the OPEC+ oil cartel is reigniting U.S. voters’ No. 1 …
Explainer-Why Russia stands to gain most from OPEC+ oil production cuts
LONDON (Reuters) – OPEC+ surprise deep oil production cuts agreed this week are set to benefit Russia most while tightening supply to the West already …
Explainer-What is NOPEC, the U.S. bill to pressure the OPEC+ oil group?
By Timothy Gardner WASHINGTON (Reuters) – U.S. legislation that could open members of oil producing group OPEC+ to antitrust lawsuits has emerged as a possible …
U.S. pushing OPEC+ not to cut oil output -source
By Steve Holland WASHINGTON (Reuters) – The United States is pushing OPEC+ nations not to proceed with potential deep oil output cuts, a source familiar …
OPEC, Russia Consider Sending Oil Prices Even Higher
OPEC, Russia Consider Sending Oil Prices Even Higher Jack McEvoy on October 3, 2022 The Organization of the Petroleum Exporting Countries (OPEC) and Russia …
OPEC+ to consider oil cut of over than 1 million bpd – sources
By Maha El Dahan and Olesya Astakhova DUBAI (Reuters) -OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) …
OPEC+ to hold Oct. 5 meeting in person in Vienna -OPEC source
DUBAI (Reuters) -OPEC+ will hold its meeting on Oct. 5 in person in Vienna, an OPEC source told Reuters on Saturday. A virtual option will …
OPEC+ oil output cut talks narrow to 0.5-1.0 million bpd, sources say
By Alex Lawler and Maha El Dahan LONDON/DUBAI Reuters) – OPEC+ oil producers considering lowering their output target at a meeting on Oct. 5 are …
OPEC+ sees tighter market in 2022, risks to oil demand growth
By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) – The oil market will have a small surplus of just 0.4 million bpd in 2022, much …
White house says Biden focus is on keeping oil prices down after OPEC+ output increase
WASHINGTON – The Biden administration is focused on keeping oil prices down, the White House said on Wednesday after OPEC+ members decided top raise oil …
OPEC+ to weigh holding oil output steady or small hike, sources say
By Alex Lawler and Ahmad Ghaddar LONDON – OPEC and its allies will consider keeping oil output unchanged for September when they meet next week, …
U.S. optimistic about next OPEC+ meet – administration official
By Maha El Dahan and Ghaida Ghantous DUBAI – The United States is optimistic that there could be some positive announcement when OPEC+ meets next …
OPEC+ will assess oil market and do what is necessary, say Saudi foreign minister
JEDDAH, Saudi Arabia – Saudi Arabia’s foreign minister said a U.S.-Arab summit on Saturday did not discuss oil and that OPEC+ would continue to assess …
OPEC oil output again misses target in June as outages weigh – survey
By Alex Lawler LONDON – OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey …
OPEC To Finally Boost Oil Production Ahead Of Biden’s Saudi Arabia Trip
OPEC To Finally Boost Oil Production Ahead Of Biden’s Saudi Arabia Trip Jack McEvoy on June 30, 2022 The Organization of the Petroleum Exporting Countries …
OPEC+ sticks to oil output policy, avoids debate on September plans
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar LONDON -OPEC+ said on Thursday it would stick to its planned oil output hikes in August …
OPEC+ to stick to oil supply rise plan as Biden heads to Saudi – sources
By Ahmad Ghaddar and Alex Lawler LONDON – OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output …
OPEC mulls excluding Russia from oil-production deal – WSJ
(Reuters) – Some OPEC members are considering the idea of suspending Russia in an oil production deal as Western sanctions hurt the nation’s ability to …
Analysis: Nigeria and Angola responsible for almost half of OPEC+ oil supply gap
By Alex Lawler, Julia Payne and Ron Bousso LONDON/LAGOS – Almost half the shortfall in planned oil supply by OPEC and its allies is down …
DIPLOMATIC FAIL: OPEC Once Again Rebuffs Biden’s Pleas For More Oil
DIPLOMATIC FAIL: OPEC Once Again Rebuffs Biden’s Pleas For More Oil Thomas Catenacci on May 4, 2022 The Organization of the Petroleum Exporting Countries (OPEC), …