(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 consensus among OPEC+ countries that …
OPEC
-
-
CAIRO (Reuters) – The secretary general of the Organization of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the OPEC+ decision to cut its oil production target is correct, …
-
High Oil Prices Exacerbated By OPEC+ Cuts Could Push Global Market Into Recession, Analysis Warns Jack McEvoy on October 13, 2022 High oil prices that will be pushed up …
-
(Reuters) – Goldman Sachs raised its oil price forecast for this year and next on expectations the 2 million barrels per day (bpd) output cut agreed by OPEC+ is “very …
-
(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 day (bpd) output cut agreed …
-
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 fear – high inflation – …
-
LONDON (Reuters) – OPEC+ surprise deep oil production cuts agreed this week are set to benefit Russia most while tightening supply to the West already suffering from record energy prices. …
-
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 tool to tackle high fuel …
-
By Steve Holland WASHINGTON (Reuters) – The United States is pushing OPEC+ nations not to proceed with potential deep oil output cuts, a source familiar with the matter told Reuters, …
-
OPEC, Russia Consider Sending Oil Prices Even Higher Jack McEvoy on October 3, 2022 The Organization of the Petroleum Exporting Countries (OPEC) and Russia are considering significantly cutting oil …
-
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) next week, OPEC sources said …
-
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 also be available for some …
-
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 focused on a cut of …
-
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 less than forecast earlier, according …
-
WASHINGTON – The Biden administration is focused on keeping oil prices down, the White House said on Wednesday after OPEC+ members decided top raise oil output by 100,000 barrels per …
-
By Alex Lawler and Ahmad Ghaddar LONDON – OPEC and its allies will consider keeping oil output unchanged for September when they meet next week, despite calls from the United …
-
By Maha El Dahan and Ghaida Ghantous DUBAI – The United States is optimistic that there could be some positive announcement when OPEC+ meets next week, a senior administration official …
-
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 market conditions and do what …
-
By Alex Lawler LONDON – OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey on Friday showed, as involuntary …
-
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) and its partners agreed …
-
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 but avoided discussing policy from …
-
By Ahmad Ghaddar and Alex Lawler LONDON – OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output increases in August, sources said, …
-
(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 produce more, the Wall Street …
-
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 to Nigeria and Angola, data …
-
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), the powerful Middle Eastern oil …