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OPEC

OPEC to maintain production cuts until 2026

This Wednesday, during the 39th plenary meeting of ministers of the Organization of the Petroleum Exporting Countries (OPEC), the organization ratified the reduction in crude oil production until December 31, 2026. Furthermore, "the…

OPEC+ members agreed to increase production

The recent decision by eight OPEC+ members to maintain the increase in crude oil production in May led prices to extend their previous losses. On Thursday, April 3, Russia, Saudi Arabia, the United Arab Emirates, Kuwait, Iraq, Algeria,…

Brazil accepts invitation to join OPEC+

Brazilian Energy Minister Alexandre Silveira indicated that the South American nation will soon join OPEC+, after accepting the invitation made by the members of the Organization of the Petroleum Exporting Countries (OPEC) in 2023. Brazil…