OPEC+
org_international
OPEC+ is an alliance of oil-producing countries, including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, which coordinate production policies to influence global oil markets. In July 2024, member states agreed to increase their collective output quota by 188,000 barrels per day for August, with Saudi Arabia and Russia set to raise production by 62,000 b/d each. The group continues to manage supply adjustments amid fluctuating global demand and market conditions.
Recent coverage
- OPEC+ to approve implementation plan for the Charter of Cooperation in December — Интерфакс
- Nigeria increased oil production to six-year high in June — Интерфакс
- OPEC maintains estimates of growth in non-OPEC+ liquid hydrocarbon exports for 2026 and 2027 — Интерфакс
- OPEC+ increased oil production in June by 1.18 million barrels per day compared to May, falling short of the plan by 7.1 million b/d — Интерфакс
- OPEC+: Oil production increased by 2.17 million barrels per day in June — Коммерсантъ
- Kazakhstan Strives to Fulfill Obligations under OPEC+ — Интерфакс
- Brent trades near $72 per barrel — Интерфакс
- Analyst Reveals What Will Happen to the Oil Market After OPEC+ Decision — Вести
- INE records expectations for oil demand growth by year-end — Вести
- What Happened in a Day: Sunday, July 5 — Интерфакс
- OPEC+ approved another increase in production quotas by 188,000 barrels per day — Ведомости
- Russia and Saudi Arabia to increase oil production by 62,000 barrels per day — Коммерсантъ
- OPEC+ countries agree to increase oil production from August — Коммерсантъ
- OPEC+ countries will increase oil production limits in August by 188 thousand barrels per day — Вести
- OPEC+ countries increased August oil production quotas by 188 thousand barrels per day — Интерфакс
- OPEC+: Oil production increase agreed in advance from August — Коммерсантъ
- OPEC+'s 'Seven' Reaches Principled Agreement to Increase Oil Production in August by 188k b/d — Интерфакс
- OPEC+ countries will discuss August oil production quotas on Sunday — Интерфакс
- Reuters: Seven OPEC+ countries will continue to increase oil production in August — Коммерсантъ
- OPEC+ production quotas for seven countries to rise by 188k barrels/day from July — Интерфакс