Tag: OPEC+
Global Energy Supplies
OPEC+ postpones plans to increase production over supply unease
The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known collectively as OPEC+, decided on December 5 to delay its planned...
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Eyeing competitors, OPEC+ countries will keep cutting oil production
Several OPEC+ countries are extending additional voluntary cuts of 2.2 million barrels per day, aimed at supporting what they are labeling "the stability and...
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Don’t roll out the barrels: Oil prices fall in view of slow recovery
Oil prices were down on April 24 as traders believe economic recovery will be slower than expected hurting global oil demand. A decision by...
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World better prepared for Russian energy weapon in 2023
China’s demand for energy, the amount of Russian oil that will be cut from global supply will be key factors which will determine where the oil price trades in 2023.
Energy
Oil prices shrug off cap as Russia fires back with price floor threat
Oil markets will likely stay volatile in the near term amid uncertainty over the impact on Russian output from the EU's ban, headlines on China's COVID policy and central bank movements in the U.S. and Europe.
Energy
OPEC+’s massive supply cut is a clear win for Russia
The Organization of Petroleum Exporting Counties (OPEC) and its Russia-led allies of oil-producing nations struck a major blow against the West's sanctions against Moscow...
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