OPEC’s crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at buoying global oil markets. Output from the Organization of Petroleum ...

The Devil Is Always In The ISM Details And Can OPEC Deliver More Barrels? By Stephen Innes - Jun 02, 2022 Markets US equities were weaker Wednesday, with the S&P down 0.7%. US10yr yields up 6bps ...

OPEC will need to balance its members’ fiscal needs with internal cartel pressure to ease the cuts. The United Arab Emirates, which has been investing in new production capacity to add another 1 ...

The eight members of the OPEC+ include Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman. The decision comes at a time when global oil demand remains ...

Issues that need to be addressed include an output hike for the United Arab Emirates agreed in June this year that ... which groups the Organization of the Petroleum Exporting Countries (OPEC) and ...

By extending the cuts, eight countries, including Saudi Arabia, Russia, Iraq, the United Arab Emirates ... prices would fall to $58.62 by 2027. “OPEC has bought itself some time,” Harry ...

Aruna Hemachandra, Deputy Minister of Foreign Affairs and Foreign Employment told The Sunday Times Business that the Economic Division of the Foreign Ministry will be holding discussions with ...

In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.

OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab Emirates due to field maintenance and from Iran offset a hike from Nigeria ...

Rigzone has contacted OPEC for comment on the SEB reports ... on the sidelines between Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman - produced four ...