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.
Events
- Russia, Saudi Arabia Back OPEC+ Cooperation
- Moscow12 Oct News. Against the backdrop of the blockade of the…
- The situation on global oil markets remains tense
- OPEC+ maintained oil production quotas in November
- Ministers of seven OPEC+ countries (Russia, Saudi Arabia, Algeria
- According to the IEA, Russia's crude oil production fell by 200,000…
- OPEC+ Falls 6.4M BPD Behind Production Plan in August
- Russia, Saudi Arabia to boost OPEC+ coordination
- OPEC+ Seven Keeps Oil Output Quotas Steady
Recent coverage
- Foreign Ministry named coordination with Saudi Arabia within OPEC+ as a priority for balance in energy markets — Интерфакс
- Russia hopes for participation of Gulf countries in Forum of Gas Exporting Countries summit in Moscow — Интерфакс
- Russia and Saudi Arabia agreed to continue cooperation in OPEC+ — Коммерсантъ
- Foreign Ministers of the Russian Federation and Saudi Arabia Called for Continued Cooperation in OPEC+ — Ведомости
- Lavrov met with Saudi Arabia's Foreign Minister Faisal bin Farhan Al Saud. — ТАСС (Telegram)
- Foreign Ministers of Russia and Saudi Arabia expressed readiness to increase cooperation — Интерфакс
- Novak spoke about difficulties of OPEC+ countries in the background of the situation in the Persian Gulf — Вести
- Report on assessing the capacities of OPEC+ countries will be ready by the end of 2026 — Интерфакс
- Alexander Novak took part in a meeting of ministers of OPEC+ countries — МИД России
- OPEC again maintains estimates of growth in liquid hydrocarbon (LHC) exports from non-OPEC+ countries in 2026 — Интерфакс
- Alexander Novak took part in a meeting of ministers of OPEC+ countries — Правительство России
- OPEC+ ministers called for the safety of energy carrier transport — Коммерсантъ
- Novak spoke about topics discussed at ministerial meeting in Riyadh — Вести
- 6-7 million barrels of oil do not enter the world market daily — Вести
- OPEC+ ministers noted that shipping and insurance costs exceeded one-third of the energy price — Интерфакс
- Alexander Novak took part in the meeting of the seven-country OPEC+ group — МИД России
- Alexander Novak took part in the meeting of the seven-country OPEC+ group — Правительство России
- Seven OPEC+ members kept oil production quotas in November — Ведомости
- OPEC+ expressed concern over strikes on energy facilities — Коммерсантъ
- OPEC+ Monitoring Committee noted high volatility on global oil markets — Интерфакс