Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

OPEC and its partners launched a new round of output cuts at the beginning of the year.

In China. the economy seems to be reacting to the government’s stimulus measures with purchasing managers.

OPEC and its allies meet in June to decide whether to continue withholding supply.

Several geopolitical factors in the coming months could lead to higher oil prices than the current $71 a barrel Brent.

Oil supplies from OPEC slid to their lowest level in four years in March.

U.S. sanctions have removed 800.000 bpd of heavy crude from the global market.

In 2018 OPEC+ decided to increase output at its mid-year meeting. only to return to production cuts in 2019.

The UAE can raise production to 3.5 million barrels per day. only if needed.

Venezuela. plus Iran and Libya. were exempted from making voluntary curbs under the OPEC+ deal.

The sudden risk to Libya’s oil supply comes at a time when the broader global oil market is tightening.