In a recent meeting, OPEC+ decided to extend its oil output cuts, delaying the planned reversal of reductions until March 2025 and prolonging additional voluntary cuts until December 2026. The…
OPEC
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OPEC+ is grappling with a complex dilemma as it convenes this week to discuss the future of its production cuts. The alliance, which includes both OPEC and non-OPEC oil producers,…
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Crude oil futures saw modest gains on Tuesday morning, with traders closely anticipating the OPEC+ meeting scheduled for December 5. As of 9:54 AM, February Brent crude oil futures rose…
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OPEC+ has been holding back 2.2 million barrels of oil per day for over a year, yet the market shows little sign of responding as the group intends. This persistent…
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Oil prices remained relatively unchanged as trading slowed ahead of the U.S. Thanksgiving holiday, with market attention shifting to the upcoming OPEC+ meeting. Brent crude, the global benchmark, hovered near…
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Asia-Pacific markets remained volatile on Wednesday, still reeling from the tariff threats issued by the Trump administration the previous day. While Wall Street experienced a surge, with the S&P 500…
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OPEC+ has limited flexibility to reverse its ongoing oil production cuts, which have inadvertently spurred increased supply from the U.S. shale industry, according to Afshin Javan, Iran’s representative to the…
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The Organization of the Petroleum Exporting Countries (OPEC) and the Russian Federation convened today for the Ninth High-level Meeting of the OPEC-Russia Energy Dialogue. Co-chaired by Alexander Novak, Deputy Prime…
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Haitham Al Ghais, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), defended the role of crude oil and natural gas in the global economy during his speech…
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Azerbaijan’s Minister of Energy, Parviz Shahbazov, held talks with Haitham Al Ghais, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), on Tuesday. The meeting focused on key…