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Iran argues one member has no right to steal the quota of another.
Read More »Iran Letter Reaffirms OPEC Divisions before Meeting
OPEC+ Comply with Vienna Agreement in August Achieving 129%
Compliance with supply cuts was 109% in July.
Read More »OPEC. Non-OPEC Panel Unlikely to Recommend Further Oil Output Hike
The panel is also unlikely to decide how to distribute the output increase of 1 million barrels per day decided when OPEC and allied producers last met in June.
Read More »OPEC and Allies Consider Oil Output Boost
OPEC and its non-OPEC allies will gather in Algeria over the weekend to review compliance with existing cuts.
Read More »OPEC and Allies Struggle to Pump more Oil as Iran Supply Falls
Saudi Arabia has made the mistake of trying to compensate for the loss of Iranian supplies with just-in-time replacement.
Read More »Iran won’t Let OPEC Boost Production
In the near-term. the US seems to be counting on Saudi Arabia and Russia. along with American shale drillers. to offset the losses from Iran.
Read More »Saudi`s Supply is Running Short. Oil Prices Fear to Spike
Saudi Arabia is expected to take the issue of balancing the market at the upcoming summit of OPEC.
Read More »OPEC. Non-OPEC Compliance with Supply Cuts was 129 Percent in August
Seeking to reverse a downturn in oil prices that began in 2014. OPEC. Russia and other allies decided in late 2016 to reduce supply.
Read More »Oil Rise on Supply Concerns before OPEC and other Producers Meet
U.S. President Donald Trump increased pressure on OPEC to ``get prices down now!``
Read More »Azerbaijan will Participate in Meeting of Ministers of OPEC+ States
At the last OPEC meeting in Vienna. the agreement was extended again until the end of 2018.
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