OPEC+ committed to oil market stability

OPEC+ committed to oil market stability

(VOVWORLD) - The OPEC+ members reaffirmed on Wednesday their steadfast commitment to “unity and cohesion” and continued cooperation to maintain the stability of the oil market
COP28 climate summit in overtime

COP28 climate summit in overtime

(VOVWORLD) - The United Nations-led climate summit in Dubai, known as COP28, was supposed to end Tuesday afternoon but ran overtime because participants could not agree on the final agreement
Brazil to join OPEC+ in 2024

Brazil to join OPEC+ in 2024

(VOVWORLD) - In January, 2024, Brazil will join the Charter of Cooperation of OPEC+, an oil-producer group that comprises the Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC...
Saudi Arabia, Russia deepen oil cuts

Saudi Arabia, Russia deepen oil cuts

(VOVWORLD) -Saudi Arabia said Monday it will increase its oil production cut by 1 million barrels a day, which means its production for this month and next month will be...
Oil prices jump in blow to global inflation hopes

Oil prices jump in blow to global inflation hopes

(VOVWORLD) - Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown...
OPEC+ aims to stabilize global oil market

OPEC+ aims to stabilize global oil market

(VOVWORLD) - Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman said on Sunday that the OPEC+ decision to cut oil production by two million barrels per day has proven to...
OPEC reduces oil output in November

OPEC reduces oil output in November

(VOVWORLD) - Oil output from the Organization of the Petroleum Exporting Countries (OPEC) has fallen in November, after the wider OPEC+ alliance pledged to make sharp cuts to support the market amid...
OPEC+ agrees to reduce oil production

OPEC+ agrees to reduce oil production

(VOVWORLD) - The OPEC+ alliance of oil-exporting countries agreed to cut oil production by 2 million barrels per day at their first face-to-face meeting since the start of the...
OPEC+ to consider cutting oil production

OPEC+ to consider cutting oil production

(VOVWORLD) - OPEC+ will discuss cutting its oil production by more than 1 million barrels a day, at a meeting in Vienna this week, more than than last week’s figure of...