Browsing: OPEC

TEHRAN (Tasnim) – Iran’s Oil Minister Javad Owji held talks with Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Haitham Al Ghais on the sidelines of the 7th meeting of heads of the Gas Exporting Countries Forum (GECF) in Algeria.

MOSCOW, March 3. /TASS/. Several OPEC+ countries, including Russia and Saudi Arabia, have announced the extension of additional voluntary oil production cuts for the second quarter of 2024.

CAIRO: The International Monetary Fund said on Sunday that larger declines in oil prices or extended OPEC+ cuts could weigh on Iraq’s fiscal and external accounts. 

RIYADH: Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices.

SINGAPORE: Oil prices edged up on Friday and were set to end the week modestly higher as markets awaited an OPEC+ decision on supply agreements for the second quarter amid differing demand indicators for key consumers US and China, according to Reuters.

On November 30, 2023, several OPEC+ countries made a decision to voluntarily cut oil production by an additional 2.2 mln barrels daily in the first quarter of 2024

Brazil will become part of the alliance of major crude exporters in January, the country’s energy minister has revealed  …

The voluntary reductions are intended to stabilize falling crude prices The OPEC+ group of major oil-producing countries led by Russia…

The size of additional cuts have not been decided yet Ministers from the OPEC+ alliance were set to hold meetings…

The Qatari index was down for a sixth consecutive session and ended 0.2% lower Most stock markets in the Gulf…