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Underinvestment could trigger oil market volatility, says OPEC SG.

Monday, 22 May 2023 21:30
OPEC Secretary-General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth.

Iraq does not expect OPEC+ to make further oil production cuts

Saturday, 13 May 2023 14:09
Iraq anticipates that the upcoming OPEC+ meeting on June 4 will not reach a decision on extra oil production cuts, Iraqi oil minister told Reuters.

OPEC+ states to further cut oil production

Monday, 01 May 2023 22:18
Several members of the OPEC+ group, including Saudi Arabia and Russia, the cartel’s two biggest oil producers, have begun reducing crude output.

OPEC +, showing power with energy card

Wednesday, 05 April 2023 13:14
Tehran (IP) - OPEC+ members decided to reduce their crude oil supply by another 1.6 million barrels per day from May 2023 until the end of this year.

OPEC+ cut risks straining tight oil market: IEA

Tuesday, 04 April 2023 20:42
Tehran (IP)- Oil production target cuts announced by the OPEC+ group over the weekend risk exacerbating a strained market and pushing up oil prices amid inflationary pressures, the International Energy Agency (IEA) said on Monday.

Major oil exporting countries slash oil production

Monday, 03 April 2023 00:26
Saudi Arabia and other OPEC+ oil producers on Sunday announced further cuts in their production amounting to around 1.16 million barrels per day in a surprise move that analysts said would cause an immediate rise in prices.

World Newspapers: OPEC+ lock in crude output levels

Monday, 05 December 2022 20:28
Tehran (IP) - OPEC+ said Sunday it would lock in current production levels, a pause that suggests the world’s leading oil producers are uncertain about the direction of crude prices with a price cap on Russia’s petroleum exports set to take effect, Wall Street Journal reported.

Oil prices climb after OPEC+ keeps output unchanged

Monday, 05 December 2022 08:50
Oil prices rose as much as 2 percent on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude.

OPEC+ sticks to 2mbd output cut

Sunday, 04 December 2022 18:25
Tehran (IP) - The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by 2 million barrels per day until the end of 2023.

185th OPEC meeting held online

Sunday, 04 December 2022 10:22
The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.