OPEC+ ministers keep output policy steady as oil rallies

LONDON/MOSCOW/DUBAI (Reuters) -A meeting of the top OPEC+ ministers kept oil output policy unchanged and ... their detailed compensation plans to the OPEC Secretariat by 30 April 2024," the ... Read More

OPEC+ keeps output policy steady as oil nears $90 a barrel

LONDON/MOSCOW/DUBAI, April 3 (Reuters) - A meeting of top OPEC+ ministers kept oil supply policy unchanged and pressed some countries to increase compliance with output cuts, a decision that ... Read More

OPEC+ unlikely to change oil output policy before June meeting, sources say

OPEC+ is unlikely to make any oil output policy changes until a full ministerial ... April meeting could be swift and straightforward. OPEC and the Saudi Energy Ministry did not respond ... Read More

Oil Holds on to Gains on Supply Risks

Brent crude and WTI are both down 0.1% at $89.28 and $85.33 a barrel, respectively. OPEC+ kept its oil output policy unchanged on Wednesday and turned its focus on compliance, saying that members ... Read More

OPEC Oil Output Stays Steady as Group's Latest Cutbacks Stall

Three months into a new accord aimed at shoring up oil prices by reducing output, several OPEC nations like Saudi Arabia and Kuwait are abiding by the deal, but some others are not. Iraq, the United ... Read More

Reuters Survey Shows OPEC Output Reduced in March

Last fall, when it released its World Oil Outlook (WOO), OPEC upped its long-term forecast for global oil demand to its highest level ever, predicting an increase of 23% from 2022 to reach 116 ... Read More

OPEC oil output falls in March, led by Iraq - Reuters survey

LONDON, April 1 (Reuters) - OPEC oil output fell last month, a Reuters survey found on Monday, reflecting lower exports from Iraq and Nigeria against a backdrop of ongoing voluntary supply cuts by ... Read More

OPEC+ nations extend voluntary oil output cuts by 2.2 mn bpd

Iraq’s oil output reduction will deepen slightly reaching 223,000 barrels per day compared to 220,000 barrels per day in Q1. Russia slashed oil supplies to global markets, not production, by 500,000 ... Read More

UAE Cuts Economic Growth Forecast Amid OPEC+ Oil Output Cap

The United Arab Emirates revised down its economic growth projection this year on the back of lower oil production under its OPEC+ quota. Gross domestic product is now seen at 4.2% in 2024 ... Read More