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 as an observer, Brazilian President…
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 as an observer, Brazilian President…
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 take part in the group’s…
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 2.2 million barrels per day…
(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 Reuters on Thursday. (Reporting by…
(Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ and will meet in Vienna, Austria, on Nov. 26 to discuss…
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 later this month, three OPEC+…
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 the last year, further tightening…
LONDON (Reuters) – A panel meeting of the top ministers of OPEC+ has kept oil output policy unchanged on Friday, two OPEC+ sources said. The panel, called the Joint Ministerial…
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+ production cuts on supply,…
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 in recent years and presented…
By Dmitry Zhdannikov, Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its own oil output during a…
LONDON (Reuters) – OPEC and its allies, including Russia, meet in Vienna on June 4 to decide on their output policy. The group, known as OPEC+, agreed on April 2…
LONDON (Reuters) – Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place…
By Ksenia Orlova and Vladimir Soldatkin (Reuters) – Russian Deputy Prime Minister Alexander Novak said on Thursday he expected no new steps from the OPEC+ group of oil producers at…
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+’s surprise weekend decision to…
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 and could encourage some other…
(Reuters) – The Biden administration said the surprise oil output cuts announced on Sunday by Saudi Arabia and other OPEC+ countries were not advisable. “We don’t think cuts are advisable…
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 a meeting on Monday, five…
RIYADH (Reuters) – Decisions by OPEC+ are not politicised and are based on market fundamentals, Saudi Arabian energy minister Prince Abdulaziz bin Salman said on Monday, adding that the alliance…
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+ sources said on Saturday,…
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 meets on Sunday, two OPEC+…
By Ahmad Ghaddar and Rowena Edwards LONDON (Reuters) – OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd)…
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 willing to balance crude oil…
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 and the unanimous decision had…
(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 bin Salman also said he…