Tag: OPEC

OPEC raised its world oil demand forecasts for the medium and long term in an annual outlook, and said $14 ...

World oil prices rose by 2.5% on Monday morning, as investors focus on reports of the prospects for a significant ...

"My dear friend Mohammed Sanusi Barkindo's death, who had invaluable services in the regulation of the oil market during the ...

The Wall Street Journal, citing OPEC delegates, reports that some OPEC members are considering suspending Russia's participation in the OPEC+ ...

Russian oil output will fall sharply, removing the rationale for the OPEC+ agreement That’s what analysts at Standard Chartered expect, ...

Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers ...

At the 26th OPEC and non-OPEC Ministerial Meeting (ONOMM), Azerbaijan also agreed to increase daily oil production by 400,000 barrels ...

Global oil prices on January 28 morning rose slightly after falling on January 27. Investors continue to expect an OPEC+ ...

During a working visit to Austria, Azerbaijani Foreign Minister Jeyhun Bayramov met with OPEC Secretary-General Mohammad Barkindo, Report informs referring to the press service of ...

OPEC and its allies are poised to revive more halted oil production when they meet on Tuesday after predicting a ...

The spread of the new omicron coronavirus will not have a significant impact on the rate of oil consumption, OPEC ...

Azerbaijan has agreed with the decision of OPEC+ to increase oil production in January by the planned 400,000 barrels per ...

Oil advanced amid speculation that OPEC and its allies may not add as much supply to the market as previously ...

OPEC+ countries participating in the oil production cut agreement in October 2021 increased their output by 490,000 barrels per day, to 36.82 million barrels, ...

Daily crude oil production in Azerbaijan in September amounted to 586,200 barrels, Report informs, citing the Energy Ministry. "Daily oil production (including ...

The Biden administration continues to engage with OPEC producers and look "at every means we have to lower gas prices," ...

The Organization of the Petroleum Exporting Countries (OPEC) has increased its 2021 forecast for the average daily production of oil ...

Global oil demand in 2021 will grow by 6 million barrels per day (bpd), Report informs, referring to the OPEC September report. The estimate ...

Baku has welcomed OPEC+ Declaration of Cooperation, which provides for the 7,000 barrels increase in daily oil production by Azerbaijan starting October ...

Azerbaijan’s daily production of oil and another liquid hydrocarbon will make up 750,000 barrels this year, down 20,000 barrels from ...

OPEC—as well as the entire energy industry—should be thanking Saudi Arabia for its “magnificent” job in managing their production during ...

The Organization of the Petroleum Exporting Countries (OPEC) has increased its forecast for the average daily production of oil and ...

The global oil demand will exceed 99 million barrels per day in the fourth quarter of 2021, bouncing back to ...

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

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 ...

As OPEC and its allies prepare for another decision on oil output, the producers believe their defiantly cautious approach is ...

Azerbaijan has supported the agreement of the 14th meeting of the OPEC+ countries to maintain the existing quotas on daily ...

OPEC+ has shown it has what it takes to control oil prices. Without their support, it is hard to imagine ...

Azerbaijan's obligations under the OPEC + deal on oil production in February-March will remain at the January level According to ...

MOSCOW (Bloomberg) --Russia plans to support a further gradual increase in OPEC+ production at the next meeting in January, because ...