US EditionOPEC+ Meets with Future Oil Production Hanging in the Balance
- OPEC+, led by Saudi Arabia and Russia, will meet via videoconference to decide on a potential production increase for November, which may exceed 137,000 barrels per day approved for October.
- If approved, the production increase could range from 137,000 to 548,000 barrels per day, totaling over 2.5 million barrels per day since April.
- OPEC+ dismissed media speculation suggesting an increase of up to 500,000 barrels per day as 'inaccurate and misleading' on social media.
- Haitham Al Ghais, Secretary General of OPEC, stated that Africa is repositioning itself in global oil markets as both a supplier and a growing consumer.
70 Articles
70 Articles
The producer countries want to regain market share but are announcing a moderate increase in their quotas this Sunday to avoid a price collapse.
OPEC+ poised to raise oil output further, sources say
By Olesya Astakhova and Dmitry Zhdannikov LONDON/MOSCOW (Reuters) -OPEC+ will increase oil output further from November when it meets on Sunday, sources close to the talks said, with Saudi Arabia pushing for a larger increase to regain market share and Russia suggesting a more modest rise. The group comprising the Organization of the Petroleum Exporting Countries plus Russia and some smaller producers has increased its oil output targets by more…
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OPEC+ meets with future oil production hanging in the balance
Saudi Arabia, Russia and six other key members of the OPEC+ alliance are likely to agree to raise crude output when they meet virtually on Sunday, with analysts divided over the size of the expected hike.
OPEC+ Meets With Future Oil Production Hanging In The Balance
Saudi Arabia, Russia and six other key members of the OPEC+ alliance are likely to agree to raise crude output when they meet virtually on Sunday, with analysts divided over the size of the expected hike.
OPEC+ to Discuss Possible Production Increase this Sunday - teleSUR English
OPEC+, led by Saudi Arabia and Russia, will decide this Sunday whether to continue its monthly production increase—this time for November—which could exceed the 137,000 barrels per day (b/d) approved for October. RELATED: OPEC at 65: Building on a Proud Past for a Successful Future Energy ministers from Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman are set to decide via videoconference whether to boost production in …
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- 47% of the sources are Center
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