This decision eased concerns about potential oversupply as the fall season approaches, and helped reverse the decline in oil prices. OPEC+, which includes non-OPEC members such as Russia ...

While the OPEC+’s decision to maintain production cuts for ... Amidst this signalling, and recent strength in OPEC supply to ...

Opec’s own estimates for demand growth this year look too optimistic, given quite weak Asian import data. But its official projections don’t seem to have weighed heavily in this decision ...

OPEC member countries produce about 40% of the world’s crude oil and coordinate their decisions on how much oil to produce for the international market. If they decide to cut their production ...

Crude Oil starts the week on the backfoot, sinking further below $75.00. The US Dollar Index orbits around 103.00 and is looking for a catalyst to move higher.

This decision will become public on December 1, when OPEC is scheduled to determine whether to increase production. Though it was initially meant to do so in October, the decision was delayed.

It began in 2016 with an Opec decision "to implement a production adjustment", which means a cut of 1.2 million barrels a day. Crucially, Russia and a number of other non-Opec members joined in ...

OPEC’s plans to increase supply by 2.2 million ... a string of promising discoveries and may have a final investment decision in 2024. We think the project will move forward, and that the ...

Both flooded world markets with oil after Moscow refused to support OPEC's decision to make deeper output cuts to deal with the fallout from the COVID-19 pandemic. Riyadh in 2014 blocked calls by ...

OPEC and Saudi Arabia have repeatedly said they do not target a certain price and make decisions based on market fundamentals and in the interest of balancing supply and demand. The output ...

“Energy security concerns are likely to remain paramount for decision makers, with an anticipated greater pushback and scrutiny of new energy policies on several fronts,” Opec said in the repor ...