Tagged OPEC

UAE’s ADNOC pledges to increase oil supply amid price war

Rate this article By Offshore Energy Today.. UAE’s oil giant ADNOC has decided to step up its efforts and produce more oil, pledging to increase supply to over 4 million barrels per day in April 2020 following the collapse of the OPEC+… … Read Full Article Here For more great articles: Offshore Energy Today

OPEC to cut oil production as coronavirus curbs demand

Rate this article By Offshore Energy Today.. OPEC has recommended the extension of oil production cuts until the end of the year and further cuts until June 2020 due to the impact of the coronavirus outbreak on global oil demand. … Read Full Article Here For more great articles: Offshore Energy Today

No one in Brazil is keen on OPEC diet, Rystad says

Rate this article By Offshore Energy Today.. At an October forum in Saudi Arabia, Brazil’s president Jair Bolsonaro suggested that he would like to see Brazil join OPEC. If such a marriage were to come to fruition, OPEC would be the clear… … Read Full Article Here For more great articles: Offshore Energy Today

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