Tagged OPEC

Historic OPEC+ deal to slash output ends oil price war

Rate this article By Nermina Kulovic After four days of negotiations OPEC, Russia, and allies have agreed on record production cuts to save the oil industry amid a major industry crisis exacerbated by the coronavirus pandemic. The… … Read Full Article Here For more great articles: Offshore Energy Today

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