Search results for "opec"

Major oil producer Brazil has been invited to join OPEC+ from next year, officials announced on Thursday, following a meeting of the cartel to further slash production. Brazil is among the world’s top 10 producers and...

Following a meeting of the cartel to further reduce output, authorities on Thursday revealed that Brazil, a major oil producer, has been asked to join OPEC+ starting next year. Since 2016, Brazil has been the biggest...

The meeting of the OPEC+ Joint Ministerial Monitoring Committee and the OPEC+ ministers meeting will be held online on November 30, OPEC said. The OPEC+ meeting was initially planned to be held in person on November...

According to an OPEC report released in August, OPEC member-states (excluding Iran, Libya, and Venezuela) participating in the OPEC+ deal lowered oil production in July by 912,000 barrels per day to 22.6 million barrels per day,...

After China dropped its zero-Covid policy, the world’s oil demand surpassed pre-pandemic levels in the final three months of 2022, and it will continue to rise this year, according to OPEC. According to the Saudi-led oil...

OPEC said on Tuesday that oil demand in 2022 faced challenges from Russia’s invasion of Ukraine and rising inflation as crude prices soar, increasing the likelihood of reductions to its forecast for robust demand this year....

Oil prices surged on demand optimism ahead of the latest OPEC meeting on Tuesday, while the pound hit a three-year high against the dollar over Britain’s economic rebound but equities struggled with focus on upcoming US...

Top crude producers will on Thursday hold a crucial teleconference to discuss a possible cut in output after a collapse in demand caused by the coronavirus and a damaging Saudi-Russia price war caused a crash in...

Leading world crude exporter Saudi Arabia on Thursday made a surprise call for a meeting of the OPEC+ oil producers to “stabilise the oil market” amid a price war. “The kingdom calls for an urgent meeting...

Qatar will leave OPEC next month in order to focus on gas production, the Gulf state’s new Energy Minister Saad al-Kaabi announced in a surprise move on Monday. Qatar has been a member of OPEC since...