OPEC, Russia Agree Oil Cut Extension To End Of 2018

OPEC agrees to extend oil production cuts until the end of 2018, Rigzone reports. OPEC and non-OPEC producers led by Russia agreed on Thursday to…

OPEC + Countries Fulfilled Agreement by 120% in September

OPEC and non-OPEC countries participating in the agreement on oil production limitation reached a record 120% in September, the cartel’s press release said, following the…

Export Earnings of OPEC Fell by 13.2% in 2016

Revenues from oil exports by OPEC countries in the past year fell by 13.2% compared to 2015, amounting to $ 445.7 billion, the organization’s document…

OPEC to No Longer Reduce Extraction of Raw Materials

All quotas of the OPEC countries and non-cartel countries remain at the same level, Azerbaijani Energy Minister Natig Aliyev told journalists in Vienna 25 May….

OPEC and non-OPEC to Reduce Oil Production Again

The OPEC and non-OPEC countries fulfilled the agreement on the reduction of oil production by 98% in March, the cartel press release said. OPEC notes…

Forecast: Oil to Reach $ 60, and Then to Go Down

Experts of the Austrian consulting company JBC Energy note that the expectations of the extension of the production reduction agreement will support oil ahead of…


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