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Tag: OPEC

OPEC raises forecast on Azerbaijan’s liquid hydrocarbons

Liquids supply is forecast to grow by 30,000 b/d to average 760,000 b/d in 2021, Report informs, citing OPEC. Azerbaijan’s liquids supply in February declined slightly m-o-m…

OPEC+ Readies for Output Talks

As OPEC and its allies prepare for another decision on oil output, the producers believe their defiantly cautious approach is paying off. The coalition led…

Azerbaijan supports continuation of existing output cuts

Azerbaijan has supported the agreement of the 14th meeting of the OPEC+ countries to maintain the existing quotas on daily output in April, Report informs referring…

OPEC meeting: will Saudi Arabia and Russia cool oil prices?

OPEC+ has shown it has what it takes to control oil prices. Without their support, it is hard to imagine the strong recovery in oil…

Azerbaijan to Keep Oil Production Quota within OPEC + at January level for February-March

Azerbaijan’s obligations under the OPEC + deal on oil production in February-March will remain at the January level According to the Azerbaijani Energy Ministry, at…

Russia plans to back another OPEC+ production hike in February

MOSCOW (Bloomberg) –Russia plans to support a further gradual increase in OPEC+ production at the next meeting in January, because crude prices are within an…

Abu Dhabi’s long-term oil ambitions become clear in OPEC+ clash

Just days before a high-stakes OPEC meeting to support an oil market ravaged by coronavirus, the United Arab Emirates’ state oil company told the world…

OPEC’s deal fractures group unity, sets up future struggles

After five days of difficult talks that exposed new rifts between core members, OPEC+ agreed to gently ease output cuts next year. The deal appeared…

Oil Prices Finish Higher on US Draw and OPEC+ Signs

Oil jumped the most in a week after a surprise decline in U.S. crude inventories and signals that OPEC+ made progress toward a widely anticipated…

Azerbaijani Energy Minister to Attend OPEC+ Meeting

Azerbaijani Energy Minister Parviz Shahbazov will take part in the meeting of the OPEC+ ministers on December 3 “The date of the 12th meeting of the…

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