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
- OPEC+ No New Oil Cuts Amid Global Deficit
- Venezuela is considering exiting OPEC, a move that could attract…
- Main news for August 3 according to SOTAvision
- OPEC+ decided to increase Russia's September oil production quota by…
- OPEC+ member countries decided to increase oil production quotas by…
- Iraq has the right to increase its production by 26 thousand barrels…
Recent coverage
- Novak: OPEC+ does not consider new oil production cuts — Коммерсантъ
- Novak noted that talks on reducing OPEC+ quotas are not happening now — Интерфакс
- Novak: talks about reducing OPEC+ quotas are not happening, there is a shortage in the oil market — Вести
- Expert explains how Venezuela's exit will affect OPEC — Вести
- Russia with OPEC+ partners continues efforts to stabilize oil market — Интерфакс
- OPEC maintains estimates of growth in liquid hydrocarbon supplies from non-OPEC+ countries in 2026 — Интерфакс
- OPEC+ countries increased oil production in July by 1.4 million b/d compared to June, but lagged behind the plan — Интерфакс
- Expert Prokofiev revealed why OPEC+ countries decided to increase quotas — Вести
- Expert Mitrakhovich assessed the decision of OPEC+ to increase September quotas — Вести
- OPEC+ countries, including Russia, raised the maximum level of oil production — Фонтанка
- What happened in a day: Sunday, August 2 — Интерфакс
- OPEC+ leaders agreed on increasing oil production quotas — The Insider
- OPEC+ completed lifting production restrictions — Коммерсантъ
- Alexander Novak conducted the 67th meeting of the joint ministerial monitoring committee of OPEC+ countries — Правительство России
- Alexander Novak took part in the meeting of the seven-country OPEC+ group — Правительство России
- In OPEC+ told when quotas on oil production will be increased — Ведомости
- OPEC+ decided to increase Russia's September oil production quota by 62 thousand barrels per day — Коммерсантъ
- OPEC+ Committee Emphasized the Importance of Protecting Maritime Routes for Energy Supplies — Интерфакс
- OPEC+ countries will increase oil production quotas for September by 188 thousand barrels per day — Вести
- OPEC+ increased September oil production quotas by 188 thousand barrels per day — Коммерсантъ