Tag: OPEC

Citi Research: Ultimate impact of OPEC+ decision on the market depends on the duration of the agreement

Citi Research saw in the note that the ultimate impact on the market of OPEC+'s decision to cut oil production will depend on the...

Representative of Russia in Vienna: We are ready to work out the issue of creating a safe zone around the Zaporizhzhya railway station

Russia's permanent representative to international organizations in Vienna, Mikhail Ulyanov, said that "Moscow is ready to study the issue of creating a security zone...

Iraqi oil minister: OPEC decision to cut production will not affect Iraqi exports

Iraqi Oil Minister Ihsan Abdul-Jabbar indicated that "Iraq's exports will not be affected by OPEC's decision to cut production as a result of managing...

Oil continues to rise after OPEC+ cuts production, and Brent approaches $94 per barrel

Oil futures continued to rise after the decision of the OPEC + alliance to cut production by two million barrels per day.Brent crude rose...

White House: Biden is ‘disappointed’ with OPEC and asks for distribution of an additional 10 million barrels from America’s strategic reserve next month

The White House announced that "U.S. President Joe Biden has asked the Department of Energy to allocate an additional 10 million barrels of strategic...

OPEC+: Reducing oil production by two million barrels per day and extending the current agreement until the end of 2023

The OPEC+ alliance officially announced "to cut oil production by two million barrels per day starting in November, based on the agreed August levels"...

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