OPEC News

OPEC+ compliance with output cuts decline 75% in December – Reuters
OPEC+ compliance with output cuts decline 75% in December – Reuters
The compliance of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC+, with oil output curbs declined to...
Forex News 3 days ago
OPEC+ agrees to raise output by 75,000 bpd in February and another 75,000 bpd in March – Reuters
OPEC+ agrees to raise output by 75,000 bpd in February and another 75,000 bpd in March – Reuters
OPEC+ has agreed to raise the group's oil production by 75,000 barrels per day (bpd) in February and another 75,000 (bpd) in March, Reuters reported on Tuesday,...
Forex News 1 weeks ago (01-06)
OPEC+ studies 500K bpd output cut for February among other options – Reuters
OPEC+ studies 500K bpd output cut for February among other options – Reuters
The OPEC and its allies (OPEC+) is assessing probable scenarios on its oil output policy for February, Reuters reports, citing an OPEC document dated January 4....
Forex News 1 weeks ago (01-05)
OPEC+ delays output cuts meeting until Thursday
OPEC+ delays output cuts meeting until Thursday
OPEC+ delays output cuts meeting until Thursday. More to come......
Forex News 2 months ago (12-01)
OPEC+ needs to compensate for oversupply in May to October period
OPEC+ needs to compensate for oversupply in May to October period
OPEC+, a group of major producers led by Russia and Saudi Arabia, produced more oil in the May to October period, violating the ceiling fixed under the record o...
Forex News 2 months ago (11-19)
UAE Energy Minister: Members should deliver on commitments before extending output cuts
UAE Energy Minister: Members should deliver on commitments before extending output cuts
The energy minister of the United Arab Emirates told OPEC+ panel that all members should deliver full oil cut commitments before agreeing to any changes to an e...
Forex News 2 months ago (11-18)
OPEC+ should delay output hike, a technical advisory panel recommends – Bloomberg
OPEC+ should delay output hike, a technical advisory panel recommends – Bloomberg
The OPEC+, a group of major oil producers led by Saudi Arabia and Russia, should consider delaying its planned output boost by three to six months, a technical&...
Forex News 2 months ago (11-17)
OPEC JTC Meeting: Most countries support 3-month extension of current cuts
OPEC JTC Meeting: Most countries support 3-month extension of current cuts
Most of the countries at the OPEC (Organization of the Petroleum Exporting Countries) Joint Technical Committee (JTC) meeting have supported a three-month...
Forex News 2 months ago (11-17)
Russian producers may support OPEC+ extension of output cuts – Energy Intelligence
Russian producers may support OPEC+ extension of output cuts – Energy Intelligence
Russian oil companies told Energy Intelligence that they may be willing to extend the OPEC+ oil output cut accord if current unsupportive market conditions...
Forex News 2 months ago (11-03)
OPEC output rises by 210,000 bpd in October – Reuters
OPEC output rises by 210,000 bpd in October – Reuters
The Organization of the Petroleum Exporting Countries' (OPEC) oil output increased by 210,000 barrels per day (bpd) in October with Libya and Iraq ramping up pr...
Forex News 3 months ago (10-31)
OPEC+ JMMC agrees to extend compensation period for overproduction till year-end – Reuters
OPEC+ JMMC agrees to extend compensation period for overproduction till year-end – Reuters
The Organization of the Petroleum Exporting Countries' (OPEC) Joint Ministerial Monitoring Committee (JMMC) panel has agreed to extend the compensation period f...
Forex News 4 months ago (09-18)
OPEC: The pace of recovery appeared to be slower than anticipated
OPEC: The pace of recovery appeared to be slower than anticipated
The OPEC+ Joint Ministerial Monitoring Committee ended its video conference, warning that “the pace of recovery appeared to be slower than anticipated. OPEC oi...
Forex News 5 months ago (08-20)
OPEC is set for a virtual meeting tomorrow
OPEC is set for a virtual meeting tomorrow
Ichimoku Kinko HyoGBP/JPY: the pair is now trading slightly above the Kijun Sen. A failed attempt to move higher will lead GBP/JPY below the Kijun Sen. Further...
Institution Opinions 5 months ago (08-18)
Russia’s Novak tests coronavirus positive, will attend OPEC+ meeting online
Russia’s Novak tests coronavirus positive, will attend OPEC+ meeting online
Ahead of the OPEC and its allies (OPEC+) JMMC meeting scheduled on Wednesday, Russian Energy Minister Alexander Novak was tested positive for coronavirus. Howe...
COVID-19 News 5 months ago (08-18)
OPEC+ JMMC meeting to take place on August 19th – Reuters
OPEC+ JMMC meeting to take place on August 19th – Reuters
The Organization of the Petroleum Exporting Countries' (OPEC) Joint Ministerial Monitoring Committee (JMMC) meeting will take place on August 19th, a day l...
Forex News 5 months ago (08-14)
Russia’s Novak: Do not see hasty OPEC+ decisions this month
Russia’s Novak: Do not see hasty OPEC+ decisions this month
Citing Russian Energy Minister Alexander Novak, the country’s media agencies reported on Thursday, he doesn’t expect any hasty decisions on output cuts when the...
Forex News 5 months ago (08-13)
No OPEC+ proposal so far to extend record cuts of 9.7 million bpd – Reuters
No OPEC+ proposal so far to extend record cuts of 9.7 million bpd – Reuters
OPEC and its allies’ (OPEC+) will focus on easing output cuts to 7.7 million barrels per day (bpd) at Wednesday's Joint Ministerial Monitoring Committee (J...
Forex News 6 months ago (07-15)
Saudi Arabia leads the OPEC+ push to ease output cut by 2 million barrels a day
Saudi Arabia leads the OPEC+ push to ease output cut by 2 million barrels a day
Weekend headlines suggest that the global oil producers are considering stepping back from their output cut accords, currently around 9.7 million barrels a day....
Forex News 6 months ago (07-13)
Russia not planning to hold talks with Saudi Arabia ahead of OPEC+ monitoring meeting
Russia not planning to hold talks with Saudi Arabia ahead of OPEC+ monitoring meeting
Russia currently has no plans to hold talks with Saudi Arabia ahead of next week's joint OPEC+ ministerial monitoring committee meeting, Reuters reported on Thu...
Forex News 6 months ago (07-09)
OPEC oil supply drops to lowest level in 30 years
OPEC oil supply drops to lowest level in 30 years
The Organization of Petroleum Exporting Countries (OPEC) member countries recorded their lowest output in nearly 30 years in June in a bid to counter the corona...
Forex News 7 months ago (07-03)
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