The Saudi-led cartel said its members would start ... other country by far. Many more wells are no longer profitable when oil sells for $60 a barrel or less. OPEC Plus, the name used by the ...

At the same time, several members of OPEC Plus, including the United Arab Emirates ... Car Prices: Experts say the 25 percent import fee will make many cars more expensive, but it is not clear ...

Other OPEC members had small increases or decreases of ... Days of forward cover have remained at about 87 days for commercial stocks plus SPR in the OECD from 2022 to 2024. Oil on water (not ...

OPEC+ will likely stick to its plan to raise oil output for a second consecutive month in May, four sources told Reuters, ...

The goal of OPEC is to “co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers.” OPEC+ is made up of the OPEC ...

OPEC Plus says it will go ahead with its plan to ... pressure from US President Trump on OPEC to bring down prices. Eight members said Monday they will gradually raise production from next month.

(Reuters) - Oil prices are set to remain under pressure in 2025 as U.S. tariffs and slowing economic growth in India and ...

Opec+ on Thursday issued a new schedule for seven member nations ... to a table on Opec's web site. The scheduled cuts last until June 2026. Opec+, which includes Opec plus Russia and other ...

Nevertheless, as I mentioned in my latest article, the strategy of OPEC seems to have approached its limits. While the cartel has drastically reduced its production, some non-OPEC members ...