After acquiescing to lower output quotas at their previous meeting in June, OPEC+’s west African members were unhappy to learn that Russia and Saudi Arabia, the bloc’s de facto leaders, wanted to further curtail output. 在6月份的上一次会议上,OPEC的西非成员国默许了降低产量配额,然后它们得知...
In June, an OPEC+ ministerial meeting decided to extend its current output cuts at least into the third quarter of this year. Eight OPEC+ countries also announced at the meeting the extension of their voluntary output cuts of 2.2 million barrels per day to the end of September this year, w...
In June, a meeting of oil ministers from OPEC and its allies, a group known as OPEC+, reiterated the importance of adhering to full conformity and the compensation mechanism. OPEC+ decided at the meeting to extend its current output cuts at least into the third quarter of this year.■...
VIENNA, December 1, 2023 – OPEC+ members have agreed to oil production cuts totaling 2.2 million bopd for early 2024, the oil and gas organisation announced on Thursday.The cuts are being calculated from the 2024 required production levels decided at a meeting held in June 2023, and are in...
After acquiescing to lower output quotas at their previous meeting in June, OPEC's West African members were unhappy to learn that Russia and Saudi Arabia, the bloc's de facto leaders, wanted to further curtail output. One oil minister, Diamantino Azevedo of Angola, planned to boycott the ...
People pass near a petrol station at the Central Business District in Nairobi, capital of Kenya, on June 29, 2023. (Photo by John Okoyo/Xinhua) The meeting was co-chaired by Al Ghais and Zhang Jianhua, head of China's National Energy Administration. ...
All eyes are also be on the upcoming online meeting of the OPEC+ on June 2. The producers will discuss whether to extend voluntary output cuts of 2.2 million barrels per day into the second half of the year, with three sources from OPEC+ countries saying an extension was likely. ...
At the June meeting, the UAE won an upward revision of its quota that will take its production up by 200,000 barrels per day (bpd) to 3.219 million bpd for 2024.Earlier on Monday, the OPEC General Secretariat slammed the International Energy Agency (IEA) for its “moment of truth” ...
Front-month Brent futures closed at $78 per barrel on June 3, the first day of trading following the OPEC+ ministerial meeting held on June 2, up just $2 per barrel compared with the same time last year. Brent’s six-month spread slumped to a backwardation of $1.50 per barrel (56...
QUOTA-RELATED decisions made at OPEC's35th meeting last June in Vienna delivered a callto action for African member states to step upproduction through the remainder of the yearand into 2024. Many of OPEC's African memberstates had been struggling to produce enoughcrude to meet the targets ...