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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...
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