OPEC

Oil prices retreated from multi-month highs as the prospect an upsurge in the novel coronavirus will lead to tougher movement restrictions offset expectations OPEC and allied producers will decide on Monday to cap output at current levels…
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Most OPEC+ oil-producing countries oppose plans to increase output from February as winter lockdowns to contain the coronavirus choke demand, three OPEC+ sources told Reuters on Monday. OPEC+, which groups OPEC and other producers…
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The Organisation of the Petroleum Exporting Countries (OPEC) sees plenty of downside risks for oil markets in the first half of 2021, Mohammad Barkindo, its Secretary-General said on Sunday. Barkindo’s remark is coming a day before…
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Members of the OPEC group of oil producers and their partners will meet via videoconference on Monday to decide on production levels for February, hoping to turn the corner on a difficult year. The OPEC+ ministerial meeting comes after…
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Oil prices inched higher on Thursday, helped by late-day buying in a low-volume session to close out the week. The market built gains overnight as Britain and the European Union reached a post-Brexit trade deal, reversed those gains,…
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OPEC Secretary General, HE Mohammad Sanusi Barkindo, received a letter of appreciation from the Secretary General of the United Nations (UN), HE Antonio Guterres, in a response to a congratulatory letter sent by Secretary General Barkindo…
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Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand while a tanker explosion in Saudi Arabia jangled nerves in the market. Brent crude…
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Oil surged above $50 a barrel on Thursday for the first time since early March as hopes of a faster demand recovery after the release of COVID-19 vaccines offset a huge rise in U.S. crude inventories that showed there was still ample…
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The 12th OPEC and non-OPEC Ministerial Meeting (ONOMM) was successfully held via videoconference, on Thursday, 03 December, 2020. The Meeting welcomed the new Russian Minister of Energy, HE Nikolai Shulginov. The Meeting recalled the…
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Top energy decision makers from across the Organisation of Petroleum Exporting Country (OPEC) are scheduled to meet today in furtherance of the 23-nation network’s consideration oil output. Today’s full OPEC ministerial meeting comes…
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