Search For "opec plus"
OPEC Plus will continue oil output cuts as prices remain unchanged
Updated : 2 years, 12 months ago IST
OPEC described the move as aiming to "achieve and sustain a stable oil market, and to provide long-term guidance for the market, and in line with the successful approach of being precautious, proactive and preemptive," in a press release, The Hill reported.
Read More
Saudi Arabia's plan to cut oil production will be risky for global economy
Updated : 3 years, 1 month ago IST
On Saudi Arabia's announcement of cutting oil production, Fatih Biral, Executive Director of, the International Energy Agency said, "Saudi Arabia, Russia and others- the OPEC plus producers decided to cut the oil production. And when we look at the International Energy Agency's analysis and
Read More
OPEC Plus announces oil output cuts of around 1.16 mbpd
Updated : 3 years, 2 months ago IST
Riyadh, Saudi Arabia's capital and main financial hub said it would cut output by 500,000 barrels per day, or BDP, from May until the end of 2023, state media reported.
Read More
"They don't follow what western or eastern countries want": Saudi analyst
Updated : 3 years, 3 months ago IST
"One of the things I would love to mention is the thing that I admire the most with regards to the new face of the external affairs policies of India,. It is the fact that they don't follow what the western or eastern countries want and that's something that has been encouraged definitely
Read More
India is clear about its policy regarding oil purchases, will buy oil from
Updated : 3 years, 7 months ago IST
Washington [US], October 8 (ANI): India has reiterated its choice of importing oil from countries like Russia after OPEC Plus, a consortium of oil-producing nations led by Russia and Saudi Arabia announced a slash in oil production by two million barrels per day.
Read More
OPEC+ to hold in-person meet next week
Updated : 3 years, 8 months ago IST
Vienna [Austria], October 1 (ANI): Organization of the Petroleum Exporting Countries (OPEC) Plus is set to hold its meeting in Vienna next week, the first time since the COVID-19 pandemic began in 2020.
Read More
Platts Analytics forecasts global oil supply growth of 3 million b/d
Updated : 4 years, 11 months ago IST
New Delhi [India], June 15 (ANI): Platts Analytics has forecast global oil supply growth of 3 million barrels per day this year and 5.5 million b/d in 2022.
Read More
Situation on global oil market undoubtedly improved in recent months: Saud
Updated : 5 years, 3 months ago IST
Moscow [Russia], March 4 (ANI/Sputnik): The situation on the global oil market has undoubtedly improved in the last two months, while OPEC+ states have shown a high level of compliance with the oil production cuts, Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Thursday.
Read More
UAE may withdraw from OPEC plus over tensions with Saudi Arabia, Russia
Updated : 5 years, 6 months ago IST
Abu Dhabi [UAE], November 19 (ANI/Sputnik): With tensions running high between the United Arab Emirates and its petroleum allies, Saudi Arabia and Russia, Abu Dhabi considers the idea of leaving OPEC plus, the Bloomberg news agency reported on Thursday, citing its sources.
Read More
'Great deal for all': US President hails 'big oil deal' with OPEC+
Updated : 6 years, 1 month ago IST
Washington D.C. [US], April 13 (ANI): US President Donald Trump on Sunday (local time) hailed the 'big oil deal' with OPEC plus saying it will save 'hundreds of thousands of energy jobs' in the country.
Read More