The Organization of Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC+, decided to increase their joint crude oil production by 432,000 barrels per day starting next June, they reported in a statement.
At the end of the virtual meeting, the group of countries, which…
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OPEC raises its production to one million barrels a day
The Organization of the Petroleum Exporting Countries (OPEC) raised its production level by almost one million barrels per day during the month of July, according to the monthly report.
Specifically, the 13 countries that make up OPEC…
OPEC agrees to cut production
The Organization of the Petroleum Producing Countries (OPEC) reached an agreement to reduce 9.7 million barrels of crude oil daily from May 1st.
On April 9, the OPEC countries, with the exception of Mexico, agreed in an extraordinary…
Speculations about new cuts surround OPEC meeting
The Organization of Petroleum Producing Countries (OPEC) meets for two days to discuss issues inherent in the production quota of its members. This Thursday and Friday is the appointment in Vienna; a meeting full of suspicions about new…
OPEC and allies are committed to market stability
The Organization of the Petroleum Exporting Countries (OPEC) and its allies are committed to the stability of the oil market beyond 2020, with relatively tight physical supplies worldwide, said Mohammad Barkindo, OPEC general secretary, on…