OPEC

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OPEC is an international organization that coordinates oil production quotas among its member countries, influencing global oil markets. Recent developments include the UAE's exit from OPEC and OPEC+, internal tensions with Iraq over quota increases, and ongoing adjustments to production limits due to geopolitical disruptions such as the closure of the Strait of Hormuz. The group continues to project long-term demand growth, forecasting a rise in global oil demand to 124 million barrels per day by 2050.

Recent coverage

• OPEC+ to approve implementation plan for the Charter of Cooperation in December — Интерфакс
• OPEC lowers oil demand growth forecast for 2026 for the third consecutive year — Коммерсантъ
• OPEC notes that market participants consistently overestimated the impact of geopolitics on oil supplies in H1 — Интерфакс
• OPEC maintains estimates of growth in non-OPEC+ liquid hydrocarbon exports for 2026 and 2027 — Интерфакс
• OPEC cuts forecast for global oil demand growth in 2026 by 190 thousand barrels per day — Интерфакс
• UAE boosts oil production to record levels after exiting OPEC — Коммерсантъ
• INE records expectations for oil demand growth by year-end — Вести
• OPEC+ countries increased August oil production quotas by 188 thousand barrels per day — Интерфакс
• Iraq may leave the ranks of OPEC — Вести
• OPEC Raises Oil Demand Forecast for 2050 to 124 Million Barrels per Day — Коммерсантъ
• Former head of OPEC acquitted in bribery case — Коммерсантъ