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Tag: OPEC

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…

UAE Clarifies Stance On OPEC Membership

Anonymous UAE officials claimed earlier in the week that the country was considering breaking away from OPEC, citing the difficulties it is facing due to…

India Wants OPEC To Fix Asian Oil Pricing Anomaly

India wants OPEC to review its pricing policies for the Asian market and end the premium it puts on its crude for Asia, Indian Oil…

Drop In Saudi Oil Exports Keeps OPEC+ Shipments Flat In October

A 386,000-barrel-per-day (bpd) cut in Saudi Arabia’s crude oil shipments kept total seaborne exports of the OPEC+ group stable in October compared to September, although…

OPEC+ Production Cuts Could Be Extended: Putin

Russia does not rule out the possibility that OPEC+ could extend its current 7.7 million barrels per day of production cuts into next year, according…

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