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Opec News

OPEC revises up world oil demand growth for 2023Total oil demand is projected to average 101.87M barrels per day in 202314 February 2023 Tuesday 17:18

OPEC+ agrees to stick to current production schemeGroup will continue cutting 2M barrels per day until end of 202301 February 2023 Wednesday 18:23

Oil prices drop as investors await OPEC+, US Fed decisionsOPEC+ expected to keep its decision to cut production 2M barrels per day, while US Fed unlikely to make huge interest rate hike31 January 2023 Tuesday 12:23

Russian, Saudi leaders discuss bilateral ties, cooperationLeaders of Russia, Saudi Arabia discuss cooperation under OPEC+, says Kremlin30 January 2023 Monday 18:48

Oil declines as uncertainty floods markets ahead of OPEC+, Fed meetingsOPEC+ expected to keep production unchanged, Fed to slow pace of interest rate hikes on Wednesday30 January 2023 Monday 12:18

OPEC keeps world oil demand growth unchanged for 2023Total oil demand is projected to average 101.8 million barrels per day in 202318 January 2023 Wednesday 09:43

Oil down ahead of industry dataOPEC, IEA to release monthly oil reports on Tuesday, Wednesday, respectively16 January 2023 Monday 10:38

Highlights of global energy market in 2022Supply disruptions driven by Russia-Ukraine war, skyrocketing energy prices mark tumultuous past year27 December 2022 Tuesday 12:43

OPEC keeps world oil demand growth unchanged for 2023Total oil demand projected to average 101.8M barrels per day in 202313 December 2022 Tuesday 18:08

Russian, UAE presidents discuss OPEC+, oil price capVladimir Putin, Sheikh Mohamed bin Zayed Al Nahyan also discuss bilateral relations over phone, Kremlin says07 December 2022 Wednesday 14:03

Oil up after OPEC decision to keep output cuts, start of EU ban on Russian oilEasing COVID measures in China also boost prices05 December 2022 Monday 11:13

OPEC+ agrees to continue output cut until end of 2023Decision comes day before EU ban, price cap on Russian oil exports comes into force04 December 2022 Sunday 16:58

Oil falls in anticipation of outcome of upcoming OPEC+ meetingEase in China's zero-COVID policy limits oil price decline01 December 2022 Thursday 10:18

Oil increases over supply jitters ahead of OPEC+ meetingUpcoming EU ban on Russian oil is putting additional upward pressure on prices29 November 2022 Tuesday 11:23

Oil prices mixed amid demand, supply uncertaintiesPrices slide almost $6 a barrel during previous trade over reports that OPEC+ may increase output by up to 500,000 barrels per day22 November 2022 Tuesday 10:23

Oil prices down on stronger dollar, uncertainty over China COVID surgeWTI crude futures fall more than 3% to below $86 per barrel; OPEC reduces forecasts for global oil demand as recession concerns grow15 November 2022 Tuesday 02:48

OPEC revises down world oil demand growth for 2022 and 2023Total oil demand is projected to average 99.6 million barrels per day in 2022 and 101.8 million barrels per day in 202314 November 2022 Monday 15:03

Saudis' UN move, aid to Ukraine don’t compensate for OPEC oil decision: BlinkenDecision did not advance US interests but further lined Russian President Vladimir Putin's pockets, says US diplomat27 October 2022 Thursday 04:58

China's Sinopec makes major shale gas discoveryDiscovery has significantly expanded shale gas reserves and would further promote shale gas exploration and production in Sichuan Basin, company says26 October 2022 Wednesday 08:43

Türkiye criticizes US for 'bullying' Saudi Arabia over oil supply cutSanctions need to be lifted if world wants oil prices to decrease, says Turkish foreign minister21 October 2022 Friday 12:28

OSCE has become 'center of deadlock,' says Turkish foreign ministerRegional security bloc's latest decision to send mission to Armenia is against its operating rules, Cavusoglu says21 October 2022 Friday 12:03

Biden seeking off-ramp after escalating tensions with Saudi Arabia: Expert‘They're just hoping that the focus goes away,’ regional analyst Geoffrey Aronson tells Anadolu Agency14 October 2022 Friday 10:08

Biden says US in strong position to bring inflation downPresident’s economic plan continues to position US economy for stronger growth, investment, White House says13 October 2022 Thursday 22:43

US says OPEC cuts 'moral and military support for Russia's Ukraine war'The country that benefits the most from this 2 million barrel cut is Russia,' says National Security Council spokesman13 October 2022 Thursday 20:38

Saudi Arabia denies 'political motives' behind oil production cutOn Oct. 5, OPEC+ decided to cut oil production by 2M barrels a day starting in November13 October 2022 Thursday 11:03

Biden warns Saudi Arabia of ‘consequences’ over OPEC+ oil cutIt is time for Washington to rethink its relationship with the kingdom, says US president12 October 2022 Wednesday 06:03

Oil output cut by OPEC+ aims to stabilize energy markets, says PutinRecent decision by OPEC+ countries to reduce oil production not against anybody, says Russian president11 October 2022 Tuesday 16:38

OPEC+ actual oil production fall to be lower than quota cuts: FitchReaching consensus among members difficult due to demand uncertainties, recession in large developed markets, says ratings agency10 October 2022 Monday 21:58

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