The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of 13 nations, founded on 14 September 1960, in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since 1965 in Vienna, Austria. — Wikipedia
OPEC and non-OPEC allies, sometimes referred to as OPEC+, were originally scheduled to review their production cuts on June 9-10.
Russia is limited in how much it can pump by the deal between OPEC and OPEC+
Oil climbs before OPEC meeting
OPEC, Russia and their allies, a group known as OPEC+, said they would ease record oil curbs from Aug. 1
The figure has not yet been finalized by a technical panel of key OPEC and non-OPEC producers, known as the JTC
Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPEC+ sources familiar with the meeting’s…
Police officers stand guard on the rooftop of Vienna’s OPEC headquarters before the start of meeting of OPEC oil ministers. The Organization o…
OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on countries with poor compliance to…
Opec and Opec+ are cutting output by 9.7-million bpd, about 10% of pre-coronavirus global output, in May and June to support prices
OPEC and non-OPEC allies will hold a virtual meeting on Thursday to review the oil market and discuss compliance with deep production cuts.
Oil producing countries in the OPEC+ group that pumped above supply targets from May to July will need to slash output by over a million barrels per day for two months to compensate,…
Can Saudi Arabia extend the OPEC deal until 2022?
Instead of easing their output cuts come July, several OPEC+ sources told Reuters there are discussions led by de facto OPEC leader Saudi Arabia about sustaining those cuts