logo
Archive

Tag: OPEC

OPEC announces its forecast for oil production in Azerbaijan

The Organization of the Petroleum Exporting Countries (OPEC) has increased its 2021 forecast for the average daily production of oil and other liquid hydrocarbons in…

OPEC keeps forecast for growth in global oil demand in 2021

Global oil demand in 2021 will grow by 6 million barrels per day (bpd), Report informs, referring to the OPEC September report. The estimate hasn’t changed compared to the…

Azerbaijan supports OPEC+ decision

Baku has welcomed OPEC+ Declaration of Cooperation, which provides for the 7,000 barrels increase in daily oil production by Azerbaijan starting October this year, Report informs, citing the Ministry…

OPEC announces forecast on Azerbaijan’s oil production in 2022

Azerbaijan’s daily production of oil and another liquid hydrocarbon will make up 750,000 barrels this year, down 20,000 barrels from the previous forecast, Report informs, citing OPEC….

OPEC, Energy Industry Should Thank Saudi Arabia For Oil Price Recovery

OPEC—as well as the entire energy industry—should be thanking Saudi Arabia for its “magnificent” job in managing their production during the Covid-19 pandemic, according to…

OPEC raises forecast on Azerbaijan’s oil production

The Organization of the Petroleum Exporting Countries (OPEC) has increased its forecast for the average daily production of oil and other liquid hydrocarbons in Azerbaijan…

OPEC: Global oil demand to increase significantly in late 2021

The global oil demand will exceed 99 million barrels per day in the fourth quarter of 2021, bouncing back to the pre-pandemic level, Report informs, citing OPEC…

Oil prices rising in anticipation of OPEC meeting

Global oil prices are rising on May 31 morning in anticipation of the OPEC meeting, according to trading data, Report informs referring to Prime agency. As of…

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…

0

Your Cart