Tag: OPEC +
UAE will raise oil supply to Asian buyers from January
After the success of the OPEC+ compromise deal on cuts, the UAE has decided to give a little more crude to Asian oil buyers...
OPEC+ reaches agreement to gradually increase output from January
After almost a week of tense negotiations that revealed a new rift at the center of the group, OPEC+ (Organization of the Petroleum Exporting...
Oil prices recorded straight 4th week gain fueled by vaccine hopes
Oil prices marked a straight fourth week of gains driven by the hopeful news about the COVID-19 vaccine and the OPEC+ producers meeting to...
An effective vaccine is the lifeline that oil markets and OPEC...
The oil market needed a shot in the arm after a string of bad news. Last week, when the pharmaceutical giant Pfizer revealed that...
OPEC+ could extend production cuts if required; Algerian Energy Minister
With an all-important higher-level meeting around the corner, the Algerian Energy Minister Mr. Abdelmadjid Attar has suggested that OPEC+, the global body of major...
Balanced and stable oil market is essential for post-pandemic recovery; OPEC...
The seventh high-level meeting of the OPEC-Russia Energy Dialogue, hosted by OPEC confirmed that a balanced and stable oil market is a prerequisite for...
Russia sways OPEC+ to check global production boost
OPEC+, the global organization of oil-producing economies including Russia is reportedly leaning towards maintaining the current production restrictions for three more months amid speculations...
Kuwait will comply with any OPEC+ production cuts; Oil Minister
Kuwait's Oil Minister Khaled al-Fadhel emphasized that his country will back any decision made by OPEC and its allies on future oil supply policy...
