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OPEC+ + to raise output for first time since 2022

The Organization of the Petroleum Exporting Countries and its allies, a grouping known as OPEC+ +, has decided to go ahead with plans to increase its production in April after three years of imposing cuts.
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Publish Date:04/March/2025 | 08:52

Brent, WTI Prices Steady

EghtesadOnline: Oil prices were steady on Monday with investors and traders awaiting crucial talks by OPEC+ + following disagreement over output within the group that could lead to major producers pumping up volumes to grab market share.
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Publish Date:06/July/2021 | 24:35

Oil Drifts Near 2018 Highs

EghtesadOnline: Oil prices hit and then recoiled from highs last seen in October 2018 on Monday, as investors eyed the outcome of this week's OPEC+ + as the United States and Iran wrangle over the revival of a nuclear deal, delaying a surge in Iranian oil exports.
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Publish Date:29/June/2021 | 11:53

OPEC+ , Allies Agree to Historic 10 Million bpd Output Cut

EghtesadOnline: A historic production cut agreement between OPEC+ and its allies, known as OPEC+ +, hit a roadblock after Mexico refused to agree to its share of the cuts after a marathon meeting between the oil-producing nations that lasted more than nine hours.
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Publish Date:11/April/2020 | 15:51

Zanganeh Says OPEC+ + Needs Further Production Cuts

EghtesadOnline: OPEC+ and its allies need to cut crude output by 500,000 barrels per day to clear the oil market's oversupply from the coronavirus outbreak, Iran’s Oil Minister said upon his arrival in Vienna on Wednesday.
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Publish Date:07/March/2020 | 06:19

OPEC+ , Non- OPEC+ Agree on Deeper Oil Output Cut

EghtesadOnline: OPEC+ and its allies ( OPEC+ + including Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, South Sudan and Sudan) led by Russia agreed to cut output by an additional 500,000 barrels per day until March 2020 as the 177th OPEC+ meeting held in Vienna, Austria, closed on Friday.
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Publish Date:07/December/2019 | 11:37

OPEC+ + Will Face ‘Major Challenge in 2020

EghtesadOnline: The Organization of Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said Friday, adding urgency to the oil producer group’s policy meeting next month.
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Publish Date:16/November/2019 | 24:16

Russia Cuts Oil Production Below OPEC+ + Cap

EghtesadOnline: A month before OPEC+ and allies are set to discuss the future of their production cut deal, the leader of the non- OPEC+ group, Russia, appears to have finally fallen in line with its share of the cuts, producing below its OPEC+ + quota for the month of May.
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Publish Date:20/May/2019 | 09:00