opec agrees oil supply boost from august

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,..

iran discusses oil comeback with opec

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... ..

saudi urges caution before opec+ meeting

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..

opec members rebel over production cut extension

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 doesn't see peak oil demand -- yet

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 sees steeper oil demand drop

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+,..

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