Organization of the Petroleum Exporting Countries – Page 2

OPEC Plus Delays Plan to Increase Oil Output

OPEC Plus will extend its cuts until at least December. Demand has weakened, and other countries, including the United States, are expected to continue to increase production.

By Stanley Reed

China International Relations Libya Middle East Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Politics and Government Prices (Fares, Fees and Rates) Production Saudi Arabia Shutdowns (Institutional) United States

Why Oil Prices Remain Subdued

Despite war in the Middle East and political turmoil in Libya, investors are focusing on what look like ample global supplies.

By Stanley Reed

Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Politics and Government Prices (Fares, Fees and Rates)

OPEC Plans a Gradual Unwinding of Production Cuts

The group announced after its meeting on Sunday that it would be extending production cuts into 2025 and laid out plans for phasing out voluntary cuts. Whether the strategy will work remains to be seen.

By Stanley Reed

Abdulaziz bin Salman, Prince of Saudi Arabia Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries

OPEC to Meet Amid Signs of Waning Influence on Oil Prices

Major producers, including Saudi Arabia and Russia, are set to gather virtually on Sunday. They are expected to maintain production cuts amid signs of a softening market.

By Stanley Reed

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