Tag: Opec
Oil: OPEC + in conclave after the banishment of Russia
Vienna (awp/afp) – The OPEC + countries began discussions on Thursday to adjust their oil production, with in all heads the announcement by the EU of an embargo on Russian…
OPEC + has not discussed excluding Russia from production agreements, the Cac 40 turns red at the end of the session
the Bedroom 40 ends down 0.77%, at 6,418.89 points, after gaining just over 0.6% in session. The flagship index of the Paris Stock Exchange suddenly took a nose dive shortly…
Interview with economist Haucap: Can an anti-OPEC cartel work?
Economics Minister Habeck wants countries that consume a lot of oil to join forces when it comes to purchasing. They could use it to form a counter-Opec. “In principle, the…
Brent oil: Why is OPEC+ not increasing its oil production?
(BFM Bourse) – The main oil-exporting countries met on May 5. As in previous months, the cartel maintains its policy of a gradual increase in production. For Westerners, the floodgates…
Potentially huge gap: OPEC: Could not compensate for Russian oil outage
Potentially immense gap OPEC: Could not compensate for Russian oil outage April 11, 2022, 9:40 p.m According to OPEC, a loss of Russian oil production as a result of sanctions…
After Russian invasion: Iraq achieves record revenues from oil exports
After Russian invasion Iraq achieves record oil export revenues April 2, 2022, 1:35 p.m Fear of a supply shortage caused oil prices to skyrocket after the Russian invasion of Ukraine.…
Market: OPEC+ maintains its production strategy despite American pressure
by Maha El Dahan, Ahmad Ghaddar and Noah Browning (Reuters) – OPEC and its allies, including Russia, decided on Thursday to stick to a modest increase in their oil production…
Oil plunges after partial containment in China, Ukraine and OPEC closely scrutinized
Oil is struggling. Brent and WTI are along 4%, at 116 and 109 dollars a barrel, the demand for black gold worrying, “now that the city of Shanghai, in China,…
Oil: War in Ukraine and inflation likely to weigh on demand, says OPEC
by Alex Lawler LONDON (Reuters) – OPEC said on Tuesday that oil demand in 2022 would depend on the consequences of the war in Ukraine and rising prices, raising the…
War in Ukraine: OPEC+ meets today to try to contain oil prices
Nearly a week after the invasion of Ukraine by Russia, tensions and sanctions have multiplied against Moscow on the part of Western countries, with the result in particular of a…
Market: Arab countries plead for status quo in OPEC+ production
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Arab countries plead for status quo in OPEC+ production
RIYADH (Reuters) – The oil and energy ministers of several Arab countries, including the United Arab Emirates, Saudi Arabia, Iraq and Kuwait, said on Sunday that OPEC and its allies…