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 take part in the group’s coordinated output…
How much extra oil could OPEC+ pump to cool prices?
By Alex Lawler LONDON – Saudi Arabia and the United Arab Emirates are among the few oil producers globally with spare capacity they could draw on quickly to increase output, help offset…
As oil prices soar, U.S. shale, OPEC in no rush to resume price war
By Liz Hampton – U.S. shale producers and OPEC, who not long ago were waging a price war, this week found themselves on similar sides as oil prices have surged well above…
Biden Begged Russia And OPEC For Oil Last Year. Now He’s Just Begging OPEC
Biden Begged Russia And OPEC For Oil Last Year. Now He’s Just Begging OPEC Thomas Catenacci on March 9, 2022 President Joe Biden has shifted from asking Russian energy producers for more…
OPEC has no control over events roiling global oil markets -Sec Gen
By Marianna Parraga HOUSTON -OPEC has no control over the events that have led to the run up in global oil prices and there is not enough capacity worldwide to compensate for…
OPEC+ deal seen on track despite Russia’s Ukraine invasion -sources
By Olesya Astakhova, Alex Lawler and Ahmad Ghaddar MOSCOW/LONDON – A deal among OPEC+ oil producers including Russia is showing no cracks so far after Russia’s invasion of Ukraine, OPEC+ sources said,…
OPEC+ expected to stick to planned March output target increase, sources say
LONDON/DUBAI/MOSCOW – OPEC+ will probably stick with a planned increase in its oil output target for March when it meets on Wednesday next week, several sources from the producer group said, as…
Oil Prices Surge Again After OPEC Ignores Biden
Oil prices surged again Friday after foreign producers ignored the Biden administration’s repeated requests to boost output and resolve global shortages. U.S. crude oil surpassed $80 per barrel while the lead foreign…
Oil Prices Skyrocket To Seven-Year High After OPEC Announces Gradual Output Boost
The price of oil surged Monday after the Organization of the Petroleum Exporting Countries (OPEC) doubled down on its plans to increase oil output at a gradual rate. West Texas Intermediate (WTI)…
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