OPEC+石油市场月报(2023年6月)-94页.doc HYPERLINK Organization of the Petroleum Exporting Countries HYPERLINK 13 June 2023 HYPERLINK Feature article: HYPERLINK World oil market prospects for the second half of 2023 HYPERLINK Oil market highlights iii HYPERLINK Feature article HYPERLINK Crude oil price mo...
Boosted by the OPEC+ June meeting, WTI crude opened higher on Monday, up 3.2% in early trading at $74.1 a barrel. Saudi Arabia said it cut an additional 1 million b/d in July, the country's biggest cut in years, bringing its output to 9 million b/d, its lowest level since June ...
In the 4th OPEC+ Ministerial Meeting (held on June 23, 2018), OPEC+ countries declared that they have exceeded the required level of production cuts outlined in the 'Declaration of Cooperation', reaching 147% in May 2018. Therefore, OPEC+ decided that as of July 1, 2018, it will ensure...
Analysts at DNB bank said before the meeting that "there is no room for additional OPEC+ oil in 2025" on the market and a boost in output would push down crude prices. That would displease Saudi Arabia, which relies on high oil prices to fund efforts to diversify its economy. ...
But on Sunday the group of oil producers decided to keep the policy unchanged. Its key ministers will next meet on Feb. 1 for a monitoring committee while a full meeting is scheduled for June 3-4. On Friday, G7 nations and Australia agreed a $60 per barrel price cap on R...
Several OPEC+ countries will reduce oil production by a combined 2.2 million barrels per day through June. Jeff Colgan, director of the Climate Solutions Lab at Brown University, joins CBS News to discuss how the decreased output could affect the U.S. Mar 6, 2024 06:13 Investors close ...
OPEC+, which is the group of oil-producing nations responsible for about 40% of global output, announced the news Thursday after its virtual meeting to discuss 2024 output amid concerns of a potential surplus. US HOUSING MARKET MAY BE TRAPPED IN PROLONGED FREEZE ...
The approximate number of barrels of oil consumed around the globe daily in 2023.12 The Impact of Non-OPEC Production on Oil Prices Non-OPEC oil producers are crude oil-producing nations outside of the OPEC group. Interestingly, some of the top oil-producing countries are non-OPEC nations....
OPEC and its allies will aim for a decision on output quotas that brings stability to the market, Iraq's oil minister said June 2, as the producer bloc prepares to meet in Vienna and potentially discuss deeper cuts. "The main objective for OPEC is to maintain stability to the global oil...
How OPEC Influences Oil Prices Collectively, OPEC is the largest producer and exporter of crude oil and petroleum products in the world. Having said this, it's no surprise that any moves the group makes have a big impact on global energy prices. Oil prices can drop significantly if they dec...