OPEC+ meets ahead of Joe Biden’s visit
The OPEC+ alliance has already set its production quotas for August. Nevertheless, faced with soaring market prices, OPEC+ is under pressure from consumer countries to…
Tag: OPEC+.
Opec+ should not be surprised this time
Pumping more, again and again: after agreeing in early June to open the valves further under Western pressure, the Opec+ oil-producing countries, which are meeting…
OPEC+ and Russia, the collaboration continues
Russia could continue to cooperate under the OPEC+ oil production agreement beyond 2022. That’s what Alexander Novak, Russia’s deputy prime minister, said after a surprise…
OPEC refines its estimate on the Oil Market
In its monthly oil market report, OPEC analyzes an increase in demand for its oil. This is justified by a strong economic recovery in the…
Oil down while gas up
Oil prices slid on Wednesday ahead of a much-anticipated Federal Reserve (Fed) monetary policy decision and the state of U.S. commercial reserves, despite the release…
Libya: Demonstrations block the oil sector
The Libyan terminal of Es Sider closed on the morning of June 10, after protests began on Thursday. The closure of the Sarir field linked…
Oil: Asian Markets Relieved
OPEC+’s decision to open the floodgates to meet demand is reassuring Asian markets. OPEC member countries will increase supply to 648. 000 b/d in July…
OPEC+ revises its production quotas upwards
After the announcement of the European embargo on Russian oil, OPEC+ decided to accelerate its production increase this summer. The group’s quotas will increase by…
OPEC+ meeting: what to expect?
The Opec+ countries are meeting on Thursday to adjust their oil production, with the EU’s announcement of an embargo on Russian crude in the back…
OPEC+ meeting: what to expect?
The Opec+ countries are meeting on Thursday to adjust their oil production, with the EU’s announcement of an embargo on Russian crude in the back…
