OPEC Archives - Page 3 of 9

3rd December 2021

Resolutions of the 23rd OPEC and non-OPEC Ministerial Meeting

The 23rd OPEC and non-OPEC Ministerial Meeting (ONOMM), was held via videoconference, on Thursday December 2, 2021. The meeting reaffirmed the continued commitment of the Participating Countries in the Declaration...

22nd November 2021

OPEC+ Has Delivered More than Any Other Group on the Planet – Prince Salman

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman remarked last week during the ADIPEC 2021 opening ceremony that the OPEC+ group has achieved more impressively than any other group on...

18th November 2021

Oil will continue to be the Single-Largest Share of Global Energy Mix Until 2045 – Barkindo

The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, said oil will continue to be the fuel with the single largest share of the global energy...

17th November 2021

OPEC+ to Maintain Cuts as There Will Be Surplus of Supply in Q1 – UAE Energy Minister

OPEC+ may continue to ease cuts at the gradual pace it set in July, despite calls to boost supply to tame high prices. According to the energy minister of one...

9th November 2021

Oil Prices will be Double without OPEC+ Intervention – UAE

The United Arab Emirates said on Monday at the Africa Oil Week Conference in Dubai that if it weren't for OPEC+'s concerted actions to manage supply and demand, oil prices...

5th November 2021

$80 Per Barrel Adequately Reflects Market Situation – Russian Deputy Prime Minister

After the OPEC+ summit, Russian Deputy Prime Minister Alexander Novak told local TV Rossiya-24 that current oil prices of around $80 per barrel adequately reflect the market scenario. According to...

4th November 2021

OPEC+ Concludes 22nd Ministerial Meeting; Ignores Energy Crisis and Sticks to Production Plan

On Thursday, November 4, 2021, the 22nd OPEC and non-OPEC Ministerial Meeting, which was held by videoconference, came to a close. The lack of action by the Group and its...

26th October 2021

OPEC+ Should Not Rush to Increase Production Despite Rising Prices – Saudi and Nigeria Oil Ministers

Saudi Arabia's oil minister, Abdulaziz bin Salman, stated in an interview with Bloomberg that OPEC+ needed to be careful in its approach to oil production changes despite rising prices. Higher...

22nd October 2021

The US is Still Convincing OPEC to Pump More Oil

The United States is not giving up on its attempts to convince the Organisation of Petroleum Exporting Countries and its allies to pump more oil as retail fuel prices continue...

15th October 2021

Russia Can Produce Up to 11.4 million bpd but is Sticking to its OPEC+ Quota

Speaking at the Russian Energy Week Forum on Thursday, 14 October 2021, the Deputy Minister of Russia who is also in charge of leading Russia’s participation in the OPEC+ agreement,...