06

Jun

OPEC+ to meet Saturday on extending cuts

OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to approve a new approach that aims to force laggards such…

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06

Mar

OPEC calls for big oil production cut

The OPEC oil cartel is calling for a deep production cut to keep crude prices from falling further as disruption to global business from the coronavirus slashes demand from air…

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05

Mar

Photo Story: OPEC meeting in Vienna

Austrian health professionals wait to check the body temperature of participants at the 178th Extraordinary Meeting of the Organization of Petroleum Exporting Countries (OPEC) conference and 8th OPEC and non-OPEC…

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06

Dec

OPEC meeting breaks up without agreement

  A meeting of the OPEC group of major oil-exporting countries broke up late Thursday without agreement on cutting production to head off pressure on prices from abundant reserves and…

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04

Dec

OPEC gearing up for deeper oil cuts

OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices…

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22

Jun

OPEC countries to increase oil production

OPEC issued a communique on Friday that called on a return to 100 percent compliance for the group, down from 152 percent in May. The announcement deferred country-specific allocations, likely because they…

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21

Apr

Oil prices are artificially Very High! – Trump

"Looks like OPEC is at it again," he wrote. "With record amounts of oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very…

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