the Organization of the Petroleum Exporting Countries (OPEC)

  • OPEC+ Decisions Could Curb Oil Supply by 20%

    OPEC+ Decisions Could Curb Oil Supply by 20%

    Monday, 13th April 2020

    The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced yesterday to cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, curbing global oil supply by 20%.

  • Russian Oil Production Hits 11-Month Low in May

    Russian Oil Production Hits 11-Month Low in May

    Monday, 3rd June 2019

    Russian crude oil production has declined to its lowest level since June 2018, reaching 11.11 million barrels per (mb/d) in May.

  • Russia to Be Committed to OPEC Oil Deal Cuts

    Russia to Be Committed to OPEC Oil Deal Cuts

    Thursday, 11th April 2019

    Russia is committed to apply the oil supply cut agreement with the OPEC and its allies, according to UAE’s Energy Minister, Suhail Al-Mazroui.

  • Russia to Consider All Options on OPEC Deal

    Russia to Consider All Options on OPEC Deal

    Wednesday, 10th April 2019

    Russia has not taken its final decision on extending the crude oil output cuts, as per the OPEC-led agreement.

  • Russia to Raise Oil Output from June

    Russia to Raise Oil Output from June

    Tuesday, 9th April 2019

    Russia plans to change the supply deal with the Organization of the Petroleum Exporting Countries (OPEC) and increase its oil output upon meeting OPEC in June.

  • Decision on OPEC Output Deal Expected in June

    Decision on OPEC Output Deal Expected in June

    Tuesday, 5th March 2019

    OPEC and its allies will not determine their output policy in April to reconsider the full impacts of their production cuts on the market.

  • Saudi Arabia, Russia to Continue Energy Cooperation

    Saudi Arabia, Russia to Continue Energy Cooperation

    Wednesday, 20th February 2019

    Russia's President Vladimir Putin and Saudi Arabia's King Salman bin Abdulaziz Al Saud, in a telephone conversation, stated continuing their support for coordinating the global energy markets, the Kremlin said.

  • OPEC, Russia to Discuss Oil Output

    OPEC, Russia to Discuss Oil Output

    Sunday, 9th October 2016
    The Energy ministers from Saudi Arabia, Iran, and Iraq will be among representatives of key member's of the Organization of the Petroleum Exporting Countries (OPEC) producers meeting with Russia for informal discussions on oil output.