Oil falls 2% on uncertainty over future OPEC+ output, recession fears
New York June 30 2022: Oil prices sank over 2% on Thursday as OPEC+ confirmed it would only increase output ...
Tag: OPEC
Welcome to the OPEC category page, your source for comprehensive information about the Organization of the Petroleum Exporting Countries. OPEC, established in 1960, is a vital player in the global energy market, uniting major oil-producing nations in a collaborative effort to stabilize prices, ensure a steady supply, and promote the interests of both producers and consumers.
With 13 member countries, OPEC’s influence on the world economy is undeniable. Through strategic cooperation, production quotas, and market analysis, OPEC seeks to maintain a balanced oil market that benefits all stakeholders. The organization plays a pivotal role in addressing energy challenges, adapting to geopolitical shifts, and addressing environmental concerns.
Learn about OPEC’s history, its member nations, and the crucial decisions that shape the energy lan
OPEC daily basket price stands at $114.88 a barrel Monday
Vienna June 28 2022: The price of OPEC basket of thirteen crudes stood at US$114.88 a barrel on Monday, compared ...
OPEC and allies set to hold two meetings next week
Vienna June 24 2022: OPEC is set to hold an ordinary meeting on June 29 followed by a meeting of ...
OPEC keeps forecast for 2022 oil demand to exceed pre-pandemic levels, sees risks
Vienna June 14 2022: OPEC has stuck with its forecast that world oil demand will exceed pre-pandemic levels in 2022, ...
OPEC daily basket price stood at $121.54 a barrel Wednesday
Vienna June 9 2022: The price of OPEC basket of thirteen crudes stood at $121.54 a barrel on Wednesday, 8th ...
Iraq’s oil production will hit 4.580 million bpd as of July, ministry spokesperson says
Baghdad June 4 2022: Iraq's oil output will reach 4.580 million barrels per day as of July following an OPEC+ ...
Oman oil discoveries to boost production by up to 100,000 barrels, minister says
Vienna June 4 2022: Oman has made new oil discoveries that will raise its production by 50,000 to 100,000 barrels ...
OPEC daily basket price stands at $114.62 a barrel Thursday
Vienna June 4 2022: The price of OPEC basket of thirteen crudes stood at US$114.62 a barrel on Thursday, 2nd ...
Saudi, OPEC may make up for Russian oil output loss as Biden visit looms
Vienna June 2 2022: Saudi Arabia and other OPEC states may boost oil production to offset a drop in Russian ...
Oil prices fall to $114.2 as investors await OPEC+ policy
Singapore June 2 2022: Oil prices fell on Thursday as investors cashed in on a recent rally ahead of a ...
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