OPEC Moves Up Meeting To Discuss Oil Production Quotas

OPEC+ considers 400K barrel per day production boost

ALBAWABA - OPEC+, the alliance between the Organization of the Petroleum Exporting Countries (OPEC) and 10 non-OPEC oil-producing nations, is considering increasing daily oil production by approximately 400,000 barrels per day...

OPEC Moves Up Meeting To Discuss Oil Production Quotas

The OPEC+ members currently participating in voluntary production cuts will meet this Saturday, May 3, instead of Monday, May 5

OPEC+, an alliance that brings together OPEC members and other oil powers, has advanced to this Saturday the telematics meeting set for next Monday, at which the expected increase in production will be analyzed, according to Bloomberg agency, which cites delegates of the organization. The members of the alliance, led by Saudi Arabia and Russia, must decide whether to maintain the plan drawn up to gradually return 2.2 million barrels per day to t…

Oil falls, Opep+ and Chinese demand worry Admin FCE 02 May 2025 - 21:11 Oil prices have lost speed on Friday, operators showing pessimism in the face of the prospect of an increase in Opep+ production, while fearing a decline in Chinese demand.The price of the Brent barrel of the North Sea, for delivery in July, has lost 1.35% to 61.29 dollars.His American equivalent, the barrel of West Texas Intermediate, for delivery in June, dropped 1.60% to …

Meeting of Eight OPEC+ Members Brought Forward to May 3

By Adedapo Adesanya A sub-group made up of eight members of the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) have brought forward a policy meeting by two days to May 3. According to Argus, the meeting, initially scheduled to hold on Monday, May 5, will now hold on Saturday (tomorrow). The eight […]