News from OPEC+
Stay current with all the latest and breaking news about OPEC+, compare headlines and perspectives between news sources on stories happening today. In total, 113 stories have been published about OPEC+ which Ground News has aggregated in the past 3 months.
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OPEC+ · IraqNewsweek did not start or write it after official talks about extending the 2.2 million barrels a day voluntary oil production cuts to post-June, but three sources from OPEC said they might retain their cuts if demand fails to rise. And OPEC+ has been carrying out a series of production cuts since late 2022 amid rising production from the United States and other non-member producers, and demand concerns at a time when major economies are struggl…See the Story
Sources: OPEC+ has expanded oil cuts.
100% Left coverage: 1 sources
Oil and Gas SectorAs part of their commitment to compensate for exceeding production quotas, certain OPEC+ members have submitted detailed plans outlining how they intend to implement these compensatory cuts. Both Iraq and Kazakhstan, nations that had surpassed their agreed-upon oil production targets by several hundred thousand barrels per day in the first quarter of the year, have submitted their respective plans to the alliance. Kazakhstan's Energy Ministry co…See the Story
OPEC+ Overproducers Present Plans For Cutting More Oil Production
100% Center coverage: 1 sources
OPEC+ · RiyadhRIYADH: Pietro Mendes, Secretary of Oil, Gas and Biofuels at Brazil’s Ministry of Mines and Energy, confirmed on Monday that his country is on its way to joining the OPEC+ alliance.
Mendes’ announcement came during his participation in a session titled “Energy Demand: Transforming Costs into Profits” during the special meeting of the World Economic Forum held in Riyadh.
Brazil ranks ninth in the world in oil production at 3.25 million barrels …See the Story
Brazilian energy official from Riyadh: ‘We are on our way to join
100% Right coverage: 1 sources
OPEC+ · AnkaraHead of International Energy Agency says current prices hovering around $90 can be attributed to intentional curtailment of production by OPEC+, in line with their strategy of keeping prices high - Anadolu AjansıSee the Story
Middle East tension unlikely to boost oil prices unless key producers enter conflict: IEA chief
100% Right coverage: 1 sources
OPEC+ · PalestineBy Jarryl Bryan The Liza Destiny, one of the FPSOs producing oil in Guyana’s waters The Organisation of the Petroleum Exporting Countries (OPEC) and allies, including Russia, known as OPEC+, have been implementing voluntary cuts to their oil production. However, the effects of these cuts on the global stage are being curtailed by oil producers, including Guyana.
This is according to the International Monetary Fund (IMF), in its latest World Econ…See the Story
Guyana among countries helping to offset OPEC+ oil cuts – IMF
Oil and Gas Sector · GazaShannon Stapleton/ReutersGeopolitical tensions are driving up oil prices due to the potential supply impact.OPEC+'s production cuts and strong US demand also contribute to rising prices.A few ways to invest in the energy space include individual firms and ETFs.Geopolitical tensions are high.Russia's invasion of Ukraine is ongoing. Israel continues its strikes against Hamas in Gaza. Iran last week launched missiles at Israel and is funding anti-I…See the Story
Oil prices are surging as geopolitical tensions flare. Here are 7 ways to invest in energy — including 2 stock picks with more than 25% upside — and how high prices could go.
100% Left coverage: 1 sources