OPEC+ ministers have agreed to boost oil from August to cool prices which have climbed to 2-1 year highs as the economy recovers from the coronavirus pandemic. ... To overcome the disagreement, OPEC+ agreed new output quotas for several members from May 2022, including UAE, Saudi Arabia,..…

falling out between members of Opec sent the price of barrel of to its in almost three years earlier this month. ..…

Abu Dhabi Ministry of Energy and Infrastructure has affirmed that UAE is longstanding and committed member of OPEC, and OPEC+, have been in OPEC+ agreement, delivering compliance of 103% throughout its 2-year term... ..…

According to June OPEC report, production from Johan Sverdrup phase-1, is expected to reach 535 July and then continue at this level until the end of year. ..…

Compensation plans should be submitted accordance with the statement of OPEC and non- OPEC Ministerial Meeting... ... Emphasized the need to continue to consult monitor market fundamentals and maintain OPEC and non- OPEC Ministerial Meetings until the end of the..…

According to Zamaninia, during the meeting, issues related to the management of OPEC Executive Board were also discussed.. ... Photo OPEC Secretary-General Mohammad Sanusi Barkindo and Amir Hossein Zamaninia, Iran's for OPEC, hold talks Vienna on Thursday... ..…

Opec+ oil alliance will in early March to decide whether they can revive some more of the production halted during the coronavirus crisis. ... Iraq, another Opec+ member that's often eager to open the taps, said last week that the group may choose to keep production steady at the..…

LONDON- OPEC+ with global oil cut deal stood at 101% November, two OPEC+ sources told Reuters on Wednesday... One of the sources said OPEC members compliance reached 104% while compliance was at 95% for their allies, including Russia.. ( ( Shadia. ..…

This news came from Reuters on Thursday, quoting sources OPEC and the industry.. Sources OPEC told Reuters that the two leaders of OPEC+, Saudi Arabia and Russia, would be inclined to favor rolling over the cuts of 7.7 million bpd in 2021, instead of easing them by million bpd..…

OPEC expects the number of cars on India to jump by more than five times by 2045 and, along with similar increase China, be one of the major drivers of rising oil demand. ... OPEC's forecast contrasts with that of some industry players, including major oil firms such as BP. ..…

Opec said inventories in developed nations fell by 4.5 million barrels July and stood 260.6 million barrels above the five-year average, yardstick that Opec before the pandemic saw as desirable level.. ... To tackle the in demand, Opec and its allies, known as Opec+,..…

person passes in front of OPEC headquarters Vienna on April 9, 2020.. ... Brent crude is trading near high above $45 barrel and has more helped by OPEC+ deal.. ..…