Discussion on building sustainable partnerships to enhance the efficiency of responses to beneficiary countries’ needs ...

The Organization of the Petroleum Exporting Countries (OPEC) produced less crude oil in May than its laid out plans.

This was the first OPEC meeting since US President Joe Biden visited Saudi Arabia last month. Biden urged the country — which is the group’s biggest oil producer — to start pumping more.

The cartel trimmed next year’s forecast for supply growth from the U.S. and other rivals while keeping its oil demand ...

They recovered modestly in anticipation of the OPEC Plus meeting, and analysts expect increased demand from summer travel in the Northern Hemisphere to temporarily support prices. So far ...

Reuters reported, citing OPEC+ sources, that the meeting had been delayed due to ... Bloomberg reported that Saudi officials were unhappy with some OPEC members’ levels of output.

On top of this, Saudi Arabia has hinted at decreasing output for OPEC to capitalize on the strained market. The reduction could happen as soon as October 5th when the group has its next meeting ...

which accompanied a statement on the 37th OPEC and non-OPEC ministerial meeting. “In light of the continued commitment of the OPEC and non-OPEC Participating Countries in the Declaration of ...

Oil prices are down, with all eyes on Wednesday's OPEC meeting. The cartel, along with allies including Russia, is considering either a modest increase in oil output for September, or maintaining ...

If Brent prices remain below $80 per barrel, OPEC will have to consider cutting ... when asked what is likely to happen at the next OPEC+ meeting in December. “Sub $80 per barrel Brent pricing ...