All about OPEC Plus
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News
8OPEC+ Headed to Keep December Production Targets Unchanged at Sunday Meeting
Three sources told Reuters that OPEC+ is set to keep December oil production targets unchanged at its Sunday meeting, with no policy adjustments expected before next year.
OPEC+ Maintains November Production Targets as Brent Surpasses $116
The OPEC+ alliance kept November production targets unchanged in a widely expected decision, while Brent traded at $116.19, up 2.67%.
OPEC+ Keeps Required Production in November Unchanged for Second Consecutive Month
The seven core members of OPEC+ agreed during a virtual meeting to maintain November's required production at September levels, with 2022 cuts remaining in place until the end of the year.
OPEC Lowers 2026 Oil Demand Growth Forecast to 180,000 Barrels per Day
OPEC cut its forecast for global oil demand growth in 2026 to 180,000 barrels per day from 380,000, in its latest downward revision amid escalating Gulf attacks.
OPEC+ Keeps Oil Production Policy Unchanged in November for Second Month
Seven countries in the OPEC+ alliance kept their production policy unchanged for November, stabilizing supplies for the second consecutive month.
Saudi Arabia Informs OPEC of Oil Production Drop to Lowest Level Since 1990
Saudi Arabia reportedly informed OPEC that its oil production fell to its lowest level since 1990 due to infrastructure damage and export disruptions.
Saudi Arabia Voluntarily Reduces Its OPEC+ Quota in Response to Logistics Crisis
Saudi Arabia announced a voluntary reduction in its production within OPEC+ amid supply disruptions following a drone attack on an Aramco pipeline to ease logistical pressure.
OPEC+ Extends Oil Production Cuts Until End of 2025 to Maintain Prices
OPEC+ countries have decided to extend their voluntary cuts of 2.2 million barrels per day until the end of 2025, in an effort to maintain oil price stability amid declining global demand.