OPEC+ countries including Saudi Arabia and UAE announce increase to oil production levels
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OPEC
OPEC+: Saudi, UAE, Kuwait, Oman and others announce oil production increase
Eight OPEC+ countries, including Saudi, UAE, Kuwait and Oman, have agreed to increase oil production
kuwait oil production
OPEC+ countries including Saudi, UAE, Kuwait and Oman extend voluntary oil production cuts
Saudi Arabia, UAE, Kuwait and Oman join OPEC+ members in extending voluntary oil production cuts
crude oil output
Oil prices edge lower as fresh voluntary cuts by OPEC+ disappoint traders
The benchmark Brent crude declined to $82.83 a barrel, down 0.32 percent, while West Texas Intermediate (WTI) slipped 0.26 percent on Friday morning trading hours
kuwait oil production
Oil production: Saudi Arabia, UAE, Kuwait and Oman to slash output in 2024
Opec+ members including Saudi Arabia, UAE, Kuwait and Oman agree to cut oil production in 2024
crude oil output
Oil prices hold above $80/bbl ahead of OPEC+ meeting
Prices tumbled in the middle of last week after OPEC+ postponed a ministerial meeting to November 30, reportedly to iron out differences on production targets for African producers
crude oil output
Crude prices tumble 5% over two days as OPEC+ meeting delayed
OPEC+ announced that the ministerial meeting has been rescheduled from November 26 to November 30, without providing a specific reason for the delay
Oil production
Saudi Arabia to maintain 1 million barrel per day oil production cut
Saudi Arabia’s Ministry of Energy extends voluntary oil production cuts to end of year
OPEC
UAE economy growth driven by non-oil sector: OPEC
UAE visitor numbers exceed pre-pandemic levels as economy grows 3.8 per cent
crude oil output
Saudi Arabia extends 1mn voluntary oil production cut into September
Russia will also cut oil exports by 300,000 bpd in September, Deputy Prime Minister Alexander Novak said shortly after the Saudi announcement
energy markets
OPEC’s energy ministers reiterate supporting stability, balance of oil markets
They also expressed their appreciation to Saudi Arabia for extending its 1 million barrels per day voluntary cut for the month of August
crude oil
Saudi Arabia extends 1m barrel per day oil production cut
Saudi Arabia’s Ministry of Energy extends voluntary production cut
Abu Dhabi
UAE announces extension of oil output cut of 144,000 bpd by 2024
This decision by UAE comes in line with the agreement reached at the 35th ministerial meeting of OPEC+
crude oil
Saudi Arabia announces another round of production cut to revive declining oil prices
The kingdom said on Sunday that it would make these production cuts in July
$100 oil price
Goldman Sachs no longer anticipates that oil will hit $100 in 2023
The bank’s latest analysis comes amid apprehensions of a wider banking crisis impacting growth potentials
crude barrel
OPEC increases oil production despite output cut agreement: Report
According to the report, only five among the 22 countries involved actually reduced production in October
global energy
OPEC+ emerges from 2020 chaos to face delicate balancing act
Moscow believes that the group – which slashed output during the pandemic – can revive another 500,000 barrels a day of idle capacity in February, on top of an increase scheduled for this month