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The 14-nation OPEC cartel and its 10 non-member partner nations. known as OPEC+. together account for more than 50 percent of the world'.s oil supply.
Read More »OPEC Meet in Vienna Today
Iranian Oil Minister Says He Got `What I Wanted` in OPEC Output Deal
OPEC and its 10 non-OPEC partners have agreed to restore compliance with their production cuts to 100%.
Read More »Venezuela to Back OPEC + Decisions aimed at Stabilization of Oil Price
Caracas will support those OPEC + decisions that will lead to an acceptable oil price for all producers.
Read More »OPEC Reaches a Deal to Hike Output
Saudi'.s Falih suggested negotiations will take place between countries with spare capacity to increase production and those unable to do so.
Read More »OPEC Struggles to Ease Oil Supply Cuts
Real increase would be smaller than the nominal gain of 1 million bpd. meaning a compromise with Iran remained possible.
Read More »Saudi Arabia Considers to Raise OPEC+ Group`s Production by 600.000 bpd
Saudi Arabia and its allies estimate that total cuts now amount to 2.8 million barrels.
Read More »Iran and Iraq will Participate in Meeting of OPEC+ Monitoring Committee
The parties will discuss possible increase of oil production.
Read More »Oil Tariff Quarrel Is Short-Term Gain. Long-Term Pain
U.S. President Donald Trump has called on OPEC to raise production to cool down oil prices.
Read More »Oil Declines as Iran Signals Support for Small OPEC Supply Increase
OPEC. together with other key producers including Russia. started withholding output in 2017 to prop up prices.
Read More »Oil Min: OPEC should Stick to Its Production Limits
Zanganeh said that Iran would try to maintain its export levels in the face of US sanctions.
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