Monday Nov 4, 2024
Monday Nov 4, 2024

OPEC

Saudi Arabia announces voluntary oil production cut of 500,000 barrels per day

Apr 4, 2023
Saudi Arabia's Energy Ministry announced on Sunday a voluntary oil cut of 500,000 barrels per day from May till the end of 2023.

OPEC+ opens oil taps gradually

May 5, 2022
OPEC and allied oil-producing countries decided Thursday to gradually increase the flows they send to the world

World oil demand growth revised by some 0.16 mn bpd: OPEC

Nov 11, 2021
OPEC on Thursday revised the world oil demand growth forecast and lowered it by some 0.16 million barrels per compared to October's assessment and it now stands at 5.7 million barrels per day.

OPEC oil alliance hold a talk on global oil production levels

Jul 6, 2021
Talks among members of the OPEC cartel and allied oil producing countries broke off Monday in the midst of a standoff with the United Arab Emirates over production levels.

OPEC and allies agree to gradually boost crude oil output

Apr 2, 2021
The OPEC oil cartel and allied countries said Thursday that they have decided to add gradually add back some 2 million barrels per barrel per day of oil production from May to July.

Global shares mixed, oil prices up, technology stocks fall

Mar 8, 2021
Global shares were mixed Monday after the passage of the $1.9 billion US stimulus package passed the Senate over the weekend, adding to hopes for a faster recovery from the pandemic.
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