OPEC has become 'much more sophisticated' in recent years, says strategist
John Driscoll of JTD Energy Services says that the OPEC+ meeting delay is likely due to some "internal skirmishing and ...
OPEC Crude Output Rises as Libya’s Recovery Offsets Iraqi Curbs
OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had shuttered ...
OPEC Update - November 2024
Output for August 2024 was revised higher by 4 kb/d and September 2024 output was revised higher by 25 kb/d compared to last ...
Crude Oil Prices22h
OPEC+ May Be Facing Long-Term Production Cuts
OPEC+ has been withholding 2.2 million barrels of oil supply daily for well over a year now—and it might have to start ...
Iran’s Oil Trade With China Rattled by US Sanctions on Tankers
A broadening of US sanctions on tankers that haul Iranian crude has jammed a crucial cog of the trade, slowing the delivery ...
OPEC 'stuck between a rock and a hard place' as planned meeting delayed
Crude oil futures fell as ceasefire boosts Middle East peace prospects. OPEC+ postpones meeting, faces production dilemma.
OPEC+ shifts meeting to Dec. 5, could delay output hike, sources say
The OPEC+ alliance of oil-producing countries has postponed its next meeting on output policy to Dec. 5 from Dec. 1 to avoid ...
Crude Oil Prices4d
All Eyes on OPEC as Bearish Bias Remains Firm
Crude oil prices are poised to face bearish pressures in the short term as geopolitical risks ease and demand concerns linger ...
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OPEC Fund first sustainability-linked financing to boost agriculture in Africa
The OPEC Fund for International Development (the OPEC Fund) has signed a US$40 million loan as part of a US$394 million ...
OPEC unlikely to raise production in short term, commodity trading bosses say
OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, ...