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The current round of quotas went into force in January and ends on June 30.
Read More »OPEC Fixes July 1-2 as Date for Its Next Meeting
OPEC Proposes Mid-July Meeting to Settle Dispute Over Dates
OPEC proposed mid-July meetings with its allies in Vienna to discuss extending production cuts. after talks between Russia and Iran made some progress toward resolving a standoff over the date.
Read More »Iran Conditionally Endorses OPEC Meeting Date Change
Both Iran and Russia were targeted by the sanctions in various sectors of their oil industry.
Read More »Iran Endorses OPEC Meeting Date Change
Iranian Minister of Petroleum Bijan Zangeneh said Iran would confirm rescheduling of the upcoming OPEC meeting only if it was to be held on July 10. 11 or 12 from originally June 25.
Read More »Rystad Energy Previews OPEC Meeting
OPEC+ account for nearly 49 million of the 84 million bpd of global crude.
Read More »Iraq`s Possible Oil Export Plan in case of Middle East Tension
The Persian Gulf and then the Strait of Hormuz are the key export routes of Iraqi crude oil from its southern ports.
Read More »Saudi Energy Minister Hopes to Balance Oil Market before Next Year
Falih hopes oil producers will be able to balance the oil market before next year.
Read More »Trade Disputes. Geopolitics. Rising Non-OPEC Supply Make for Challenging 2H19
OPEC pumped 29.88 million b d in April. according to an average of the secondary sources used to monitor output.
Read More »Goldman Sees Hard Path to OPEC Extension for Russia. Saudis
Stockpiles are currently at the highest level since mid-2017. according to Energy Information Administration data.
Read More »Oil could Still Drop to $30 per Barrel
OPEC is close to reaching an agreement to extend the production cut deal beyond June.
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