OPEC+ prepares for a key production decision as Hormuz supply risks keep WTI, Brent and natural gas markets on edge.
Standard Chartered Bank Energy Research Head Emily Ashford warned that the next OPEC+ meeting on April 5 'could result in abandonment of voluntary output cuts and compensation cuts'. Image by ...
A meeting of the OPEC group of major oil-exporting countries broke up late Thursday without agreement on cutting production to head off pressure on prices from abundant reserves and slowing global ...
Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” On the eve of a ...
In light of the continued commitment of the OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) to achieve and sustain a stable oil market, and to provide long-term ...
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UAE is leaving OPEC but will still need to exercise caution as it increases oil production
The United Arab Emirates’ abrupt decision on Tuesday to leave the Organization of the Petroleum Exporting Countries comes as the world faces a historic disruption to oil production and transport out ...
The Organisation of Petroleum Exporting Countries (OPEC) has maintained Nigeria’s oil production quota of 1.5 million barrels of crude per day (bpd) to December 2026. In a statement, the ...
Eight OPEC+ countries met virtually on February 1 'to review global market conditions and outlook', a statement posted on OPEC's site highlighted. Image by Zuberka via iStock A statement posted on ...
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