The OPEC+, which includes members like Russia, has vowed to increase output by 411,000 bpd for May, June and July. In total, OPEC pumped 26.75 million bpd last month, up 150,000 bpd from April’s ...

OPEC-Plus’s plan to hike production by 411,000 barrels of oil per day in July comes after its recent daily increases totaling 530,000 barrels for the purpose of curbing American production and ...

OPEC to Trump: We Set the Price, Not You By Irina Slav - Feb 06, 2025, 10:00 AM CST ...

OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and ...

OPEC Says Phasing Out Oil Is Just A Fantasy By Julianne Geiger - Sep 24, 2024, 2:25 PM CDT ...

OPEC last added a full member 2018 with the entry of the Republic of the Congo. With Qatar’s exit 2019, OPEC currently counts 13 countries as full members.

OPEC has raised its 2023 global oil demand growth forecast in its first upward revision for months, due to China's relaxation of COVID-19 restrictions, and trimmed supply forecasts for Russia and ...

Analysts at Goldman Sachs have offered their views on what the Organization of the Petroleum Exporting Countries (OPEC) may do this year, in a new report sent to Rigzone. The analysts, which ...

Led by Saudi Arabia, the oil cartel OPEC Plus pledged to reduce output by two million barrels a day. By Stanley Reed Reporting from London. Saudi Arabia and Russia, acting as leaders of the OPEC ...

This paper studies the historical importance of OPEC for oil price fluctuations. An event-study approach is used to identify the effects of OPEC announcements on oil price fluctuations. Results show ...

The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday.

By the mid-1980s, OPEC had expanded from its original five to 12 members. It faced a tumultuous period in which oil production from non-OPEC sources like the North Sea and Alaska were growing.