The Organization of Petroleum Exporting Countries (OPEC), together with its 10 allies, confirmed that starting in April, oil production will grow by 400,000 barrels per day.
This increase had already been discussed previously in July of last year, and will continue in force despite the increase in…
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oil production
OPEC + maintains its oil production growth
The ministers of the Organization of Petroleum Exporting Countries (OPEC) and the representatives of the allied producers, led by Russia, who together form the so-called OPEC +, have agreed to go ahead with the gradual increase in the…
Goldman Sachs forecasts rise in global oil demand
Goldman Sachs estimates that oil demand will continue to rise in 2022, reaching a record level, largely thanks to fuel requirements for the transportation and aviation sectors, if the gradual reopening of the borders is taken into account.…
Venezuela increased its oil production to 625 thousand barrels a day
The Organization of Petroleum Exporting Countries (OPEC) published in its November report that Venezuela increased its oil production for the fourth consecutive month, achieving an average of 625,000 barrels per day, which represents an…
OPEC will continue to increase oil production
The ministers of the Organization of the Petroleum Exporting Countries (OPEC) and the representatives of the allied producers, led by Russia, which together form the so-called OPEC +, agreed to go ahead with the gradual increase in the…
Rise in oil prices will not benefit Venezuela
A barrel of oil could increase by the order of 100 dollars by the end of the year. This was reported by economist Rafael Quiroz, who pointed out that these upward estimates are a consequence of the global crisis caused by the energy crisis.…
Oil price registers a rise
The price of a barrel of oil registered a strong advance both in its Brent variety, the reference for Europe, and in the West Texas Intermediate (WTI), the reference for the United States.
In the case of Brent oil, the price of a barrel…
OPEC raised oil production in April
The Organization of the Petroleum Exporting Countries (OPEC) recorded an increase in its joint production of 26,000 barrels per day during the month of April, although it was still below its maximum quota, according to the monthly report…
OPEC rises daily production to 322,000 barrels
The Organization of the Petroleum Exporting Countries (OPEC) recorded an increase in its daily production of 322,000 barrels, as a result of the truce reached in Libya.
The 13 countries that make up OPEC produced 24.386 million barrels per…
OPEC production increased in April
The Organization of the Petroleum Exporting Countries (OPEC) increased its daily production by 1,789 million barrels during the month of April as a consequence of the expiration of the cut agreement that they had with other oil-producing…
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…
Trinidad and Tobago cancels border gas agreement with Venezuela
The Loran Manatee unified field development program, which refers to an agreement between Venezuela and Trinidad and Tobago on natural gas at the maritime border, has been affected by the sanctions imposed by the United States.
Trinidad…