News from OPEC+
Stay current with all the latest and breaking news about OPEC+, compare headlines and perspectives between news sources on stories happening today. In total, 122 stories have been published about OPEC+ which Ground News has aggregated in the past 3 months.
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OPEC+ · ItalySaudi Arabia and the other members of OPEC+ are ready to raise production to offset a declining yield that would further destabilize the Gulf region. But the risk of sanctions against Iran could benefit Russia's economySee the Story
Here's why the price of oil is unlikely to rise above 100 dollars
100% Left coverage: 1 sources
OPEC+ · Israel"Energy markets remain the key transmission mechanism from regional tension/conflict to the rest of the world economy."See the Story
Israel-Iran conflict adds to Fed's caution on rate cuts as oil prices may disrupt inflation fight—but China and OPEC+ could ease pressure, Capital Economics says
100% Center coverage: 1 sources
OPEC+Gazprom Neft is poised to fulfill its obligations under the April quota of the OPEC+ agreement on oil production cuts by the close of the month, CEO Alexander Dyukov informed journalists. "The Ministry of Energy traditionally communicates the quota to us, and we proceed to implement it accordingly. Our plan is to achieve the required volumes of production cuts by the month's end," Dyukov stated. During the April 3 meeting of the Joint Ministeria…See the Story
Gazprom Neft to Hit Oil Production Cut Targets By Month’s End
100% Center coverage: 1 sources
OPEC+1. OPEC+ Sticks to Course as Focus Shifts to Overproducers - The Joint Ministerial Monitoring Committee of OPEC+ has confirmed the oil group’s current production targets, pushing back against increasing calls for a reversal of output cuts on the back of Brent hitting $90 per barrel.  - Compliance with stipulated production targets is becoming a major sticking point for OPEC+ members, with the JMMC asking Iraq and Kazakhstan to present detailed …See the Story
OPEC+ Is Still Struggling With Production Cut Compliance
100% Center coverage: 1 sources
Oil and Gas Sector · Saudi Arabia(Bloomberg) -- The OPEC+ alliance may be risking a repeat of last year’s oil market boom and bust.Brent crude prices shot above $90 a barrel on Thursday and analysts warned of a further increase to $100. The rally came after Saudi Arabia and its partners signaled they’ll continue to squeeze supplies despite robust fuel demand and flaring geopolitical tensions in the Middle East. It’s starting to look a lot like the market narrative of 2023.Last …See the Story
OPEC+ Risks Repeat Of Boom And Bust As Oil Prices Top $90
100% Left coverage: 1 sources
OPEC+SINGAPORE : Oil prices extended gains on Friday and headed for a second weekly gain, supported by geopolitical tensions in Europe and the Middle East, concerns over tightening supply, and optimism about global fuel demand growth as economies improve. Brent crude climbed 49 cents, or 0.5 per cent, to $91.1See the Story
Oil prices bound for second weekly gain on geopolitical tension, supply concerns
50% Center coverage: 6 sources