Tagged OPEC

OPEC+ extends oil output cuts till March 2020

Rate this article By Offshore Energy Today Following OPEC’s decision on Monday to extend the voluntary oil production cuts in order to keep oil prices stable, the Russia-led block of non-OPEC nations has agreed to the same on Tuesday. … Read Full Article Here For more great articles: Offshore Energy Today

OPEC extends output cuts for 9 months

Rate this article By Offshore Energy Today OPEC members have agreed to extend the voluntary oil production cuts for another nine months, with the aim to keep the oil prices “stable,” with Russia also supporting the extension. … Read Full Article Here For more great articles: Offshore Energy Today

Rystad: No room for OPEC+ to increase output for the rest of 2019

Rate this article By _Offshore_Energy_Today_ The OPEC+ countries will not be able to increase their collective oil production levels in the second half of 2019 without having a detrimental effect on oil prices, according to Norwegian oil and… … Read Full Article Here For more great articles: Offshore Energy Today

New OPEC+ production cuts needed to prop up oil prices

Rate this article As oil prices approach $70/bbl, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and OPEC. Read Full Article Here For more great articles: Offshore RSS Feed

Bloomberg: OPEC+ agrees on output cuts. Iran exempted

Rate this article By Offshore Energy Today The Organization of Petroleum Exporting Countries, has reportedly, struck a deal with its Russia-led allies to cut production by 1.2 million barrels a day, in order to bring up oil prices. … Read Full Article Here For more great articles: Offshore Energy Today

Qatar to leave OPEC in January 2019

Rate this article By Offshore Energy Today Qatar is set to leave membership in the Organization of Petroleum Exporting Countries (OPEC). … Read Full Article Here For more great articles: Offshore Energy Today