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OPEC’s President says oil cartel cannot rush output increases, energy demand...

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(Bloomberg) -- The President of OPEC reiterated that the oil producers’ cartel shouldn’t rush to increase output early next year and said energy demand...

OPEC+ reaches deal as new rifts emerge ahead of testing times...

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(Bloomberg) --After five days of difficult talks that exposed new rifts between core members, OPEC+ agreed to gently ease output cuts next year. The...

World could face a 200 million-barrel oil glut through May if...

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As the world is aching to put an end to a devastating 2020, oil producers are now assessing the lasting effect of the pandemic...

Non consensus yet from OPEC+ on 2021 oil policy

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(Reuters) - OPEC and allies led by Russia have yet to find a consensus on oil output policy for 2021, after an initial round...

As OPEC looks to curb production Guyana’s output on course to...

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By the time oil production in Guyana hits 340,000 barrels per day at the end of 2022, the Organization of the Petroleum Exporting Countries...

OPEC cuts 2021 oil demand forecast again as virus cases rise

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(Reuters) - World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, adding to...

Saudi Arabia denounces OPEC+ members trying to cheat oil quota

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(Bloomberg) --Saudi Arabia showed its determination to stop OPEC+ members cheating on their production quotas, delivering a thinly veiled dressing-down to its...

Faltering oil demand puts new pressure on OPEC+ production agreements

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(Bloomberg) -- It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the cartel’s six decades as...

OPEC July oil output surges as Gulf voluntary cuts end: survey

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(Reuters) - OPEC oil output has risen by over 1 million barrels per day (bpd) in July as Saudi Arabia and other Gulf members...

End game for oil? OPEC prepares for an age of dwindling...

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(Reuters) - The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand, and it is focusing minds in OPEC. The pandemic drove...