opec+ – Arab Daily Digital

OPEC+ extends additional voluntary output cuts

The overproducing countries also reconfirmed their commitment that the entire overproduced volume will be fully compensated for by September 2025….reports Asian Lite News The OPEC+ countries have agreed to extend their additional

6 September 2024

-Top News·Arab News·UAE News

OPEC+ extends output cuts into 2025

The total voluntary cuts adopted by some member countries reached 2.2 million barrels per day…reports Asian Lite News The 37th OPEC and non-OPEC Ministerial Meeting decided to extend the level of overall

3 June 2024

-Top News·Arab News·Asia News

OPEC+ Agrees on Extension for Oil Output Cuts

OPEC+ is an oil-producer group comprising member countries of the Organization of the Petroleum Exporting Countries (OPEC) and their allies…reports Asian Lite News Several OPEC+ members have announced extensions of oil output

4 March 2024

-Top News·Arab News·UAE News

OPEC+ Announces Additional Oil Cuts

The cuts will be in addition to the announced voluntary cut by the Russian Federation of 500 thousand barrels per day for the same period (starting 1st of January until the end

1 December 2023

-Top News·Arab News·UAE News

‘OPEC+ monitors variables for stable oil market’

Al Mazrouei stressed that the Ministry of Energy and Infrastructure has completed the update to the UAE Energy Strategy 2050 and the development of the hydrogen strategy…reports Asian Lite News Suhail bin

4 July 2023

-Top News·Arab News·UAE News

Saudi pledges big oil cuts, OPEC+ extends deal

Saudi Arabia said it would make further cuts of one million barrels per day (bpd) in July and OPEC+ said targets would drop by a further 1.4 million bpd from 2024…reports Asian

5 June 2023

-Top News·Arab News·Saudi Arabia

Oil prices surge after OPEC+ output cut

UAE among members of Organisation of Petroleum Exporting Countries (OPEC) Plus announced a surprise cut in oil production that will exceed one million barrels a day….reports Asian Lite News Oil prices have

3 April 2023

-Top News·Arab News

OPEC+ set to stay the course on oil output

The EIA said that ongoing concerns about global economic conditions as well as the easing Covid-19 restrictions in China raised the uncertainty of the outcomes of its demand forecasts….reports Asian Lite News

2 February 2023

-Top News·Arab News·Saudi Arabia

OPEC+ keeps oil output unchanged

The decision comes as oil markets wait to see how a slowing Chinese economy and a G7 price cap on Russian oil would affect demand and supply fundamentals…reports Asian Lite News OPEC+

5 December 2022

-Top News·Arab News

US slams OPEC+ of ‘aligning with Russia’

An OPEC+ memo outlining cuts shows that Saudi Arabia and Russia will make the biggest individual reductions of 19 countries doing so, lowering output by 526,000 monthly barrels apiece…reports Asian Lite News

6 October 2022

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