01

Dec

OPEC+ agrees to deepen voluntary oil output cuts

By Alex Lawler, Olesya Astakhova, Maha El Dahan and Ahmad Ghaddar LONDON/MOSCOW/DUBAI (Reuters) - OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per…

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05

Jun

What is OPEC+ and how does it impact oil prices?

By Nina Chestney and Olesya Astakhova (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are known as OPEC+ met in Vienna, Austria, on…

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03

Apr

OPEC+ cuts to tighten Mideast crude supply to Asia, Europe, cut refiners’ profits

By Muyu Xu and Joyce Lee SINGAPORE/SEOUL, April 3 (Reuters) - Middle East crude oil supplies are set to tighten further from May after OPEC+ announced plans to cut output…

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13

Oct

Saudi Arabia says OPEC+ oil cut ‘purely economic’

 (Reuters) - Saudi Arabia rejected as "not based on facts" statements criticising the kingdom after an OPEC+ decision last week to cut its oil production target despite U.S. objections, saying…

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13

Oct

OPEC+ oil supply cuts could tip world into recession, IEA says

LONDON, Oct 13 (Reuters) - A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could push the global economy into…

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05

Oct

U.S. pushing OPEC+ not to cut oil output

WASHINGTON, (Reuters) - The United States is pushing OPEC+ nations not to proceed with potential deep oil output cuts, a source familiar with the matter told Reuters, as President Joe…

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30

Jun

OPEC+ meets with little prospect of pumping more oil

LONDON, June 30 (Reuters) - OPEC+ enters a second and final day of meetings on Thursday with sources saying the group is unlikely to decide imminently to pump more barrels to the…

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05

May

OPEC+ set to stick to existing deal despite demand concerns

LONDON (Reuters) - OPEC+ is set to agree another small increase in production targets for June, delegates from the group say, as expectations that sanctions will crimp Russian output further counter demand…

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03

Jan

OPEC+ expected to stick with planned Feb output increase, sources say

LONDON/MOSCOW, Jan 3 (Reuters) - OPEC+ is expected to stick to its plans for a February output increase when it meets on Tuesday, predicting a mild and short-lived impact on…

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30

Aug

OPEC+ likely to keep oil output policy from September unchanged, sources say

OPEC+ is likely to keep its oil output policy unchanged when the group meets on Wednesday and continue with its planned modest production increase, three OPEC+ sources told Reuters. The…

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30

Jun

OPEC+ panel sees risk of oil market imbalance after April 2022 -report

An OPEC+ panel has warned of "significant uncertainties" and the risk of a potential global oil market imbalance after April 2022, according to a confidential report seen by Reuters on…

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31

Mar

OPEC+ panel lowers oil demand growth forecast

OPEC+ has lowered its 2021 oil demand growth forecast by 300,000 barrels per day reflecting concerns about the market's recovery amid a wave of new coronavirus lockdowns, a report from…

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