OPEC’s actions have not been having the intended effect on the supply situation for some time, now even prices are not responding appropriately to the cartel’s actions The OPEC oil cartel has ...
Demand for oil will continue to grow and remain "resilient" this year, according to the secretary general of Opec+. Opec+ is a group of 23 oil-exporting countries which decides how much crude oil ...
Angola has announced it is leaving the oil producers' organisation Opec over a dispute on output quotas. It follows last month's decision by the 13-member cartel and 10 allied nations to further ...
Following the November 30 OPEC+ summit, the member countries of the cartel decided on additional voluntary cuts in oil output to achieve a balance in the market MOSCOW, January 1. /TASS/.
Analysts are already warning that the cartel's latest move could have knock-on effects across the world economy. OPEC+ is a loose group of oil-producing countries who coordinate on voluntary ...
The Opec oil cartel has sought to prop up the oil price - Dado Ruvic/Reuters The United Arab Emirates has been accused of defying production cuts from the Opec+ oil cartel, as tensions threaten to ...
The United Arab Emirates has been accused of defying production cuts from the Opec+ oil cartel, as tensions threaten to splinter the alliance. S&P Global has claimed that from January to October the ...