OPEC's Decision to Reduce Oil Production Could Lead to a Significant Price Increase

15-09-2023
Amidst fluctuating global dynamics, a significant market deficit in oil looms as Saudi Arabia and Russia announce the extension of their oil production cuts until the end of 2023

OPEC+ keep output steady as global economy weakens

05-12-2022
The Saudi-led 14-member Organization of Petroleum Exporting Countries (OPEC) alongside their Kremlin-led allies, often dubbed as OPEC+, had decided against further output cut on Sunday’s policy meet

Oil falls 1.5% ahead of OPEC+ meet as EU failure to cap Russ oil prices pares losses

03-12-2022
US WTI (West Texas Intermediate) and UK crude oil prices fell ahead of an OPEC+ meet which is scheduled to take place on Sunday

World faces "1st true energy crisis" as oil consumption set to rise to 1.7mln bpd:IEA

26-10-2022
A supply bottleneck coupled with an OPEC+ decision to slash their output by 2 million bpd (barrels per day) or around a 2 per cent of world’s entire crude oil output per day, had yielded the world’s first major “energy crisis,” said the Chair of IE

Oil jumps more than 4 per cent after OPEC+ output cut

09-10-2022
Both US WTI (West Texas Intermediate) alongside UK crude oil futures’ prices had spiked over 4 per cent to a fresh five-week peak

Oil jumps to 3-week high as OPEC+ agrees to deepen cuts, US stockpiles fall

06-10-2022
US and UK crude oil prices have glided over the wings of a soaring eagle, as OPEC+ member states had finally agreed to come into terms regarding their output cut decision

Crude oil edges up ahead of likely OPEC+ output cut; US Dollar Index (DXY) falls

04-10-2022
On Tuesday, both US and UK crude oil futures’ prices were edging higher as of late-afternoon Asia-Pacific trading hour

OPEC's decision to increase oil production – an insult to Biden

14-08-2022
The OPEC+ document showed the group is ready to increase production by 100,000 barrels of oil per day (bpd) from September.

OPEC's decision to increase oil production – an insult to Biden

04-08-2022
The Organization of the Petroleum Exporting Countries and allies OPEC+ decided to slightly increase oil production by 100,000 barrels per day, which analysts called an insult to US President.

Brent hits $110/barrel, gains nearly 3% as hopes faint over OPEC+ supply boost

30-07-2022
Both US and Brent crude oil futures’ prices gained ground on Friday, wrapping up a tumultuous July in a robust tone

Michael Kopech: I went out there without really an idea of anything

18-04-2022
Kopech was not focused to the maximum at the beginning and it took him time to catch the rhythm

Oil rises 3% as Shanghai eases restriction, OPEC warns Russian crude is irreplaceable

12-04-2022
US and UK crude oil futures’ prices jumped on Tuesday with both benchmarks trading over 3 per cent higher

Who is Jada Smith, the wife of Will Smith, because of whom he hit Rock?

28-03-2022
Jada discovered three years ago that she is struggling with alopecia from which hair is lost

Brent crude prices close above $80/barrel as OPEC+ clings to February output hike

05-01-2022
Brent crude closes above $80/barrel on Tuesday, hitting nearly November level

OPEC raises Q1, 2022 demand forecast, says Omicron impact to be mild

15-12-2021
On Monday, OPEC leaders had raised global crude oil demand forecast for the first quarter of 2022