VIENNA, AUSTRIA (By OPEC, 5.Jul.2026, Words: 268) — The 7 OPEC+ countries, which previously announced additional voluntary adjustments in Apr. and Nov. 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, […]
Tag: OPEC+
8 OPEC+ countries reaffirm commitment to market stability
VIENNA, AUSTRIA (By OPEC, 5.Oct.2025, Words: 286) — The 8 OPEC+ countries, which previously announced additional voluntary adjustments in Apr. and Nov. 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, […]
Eight OPEC+ countries eye 547,000 b/d production adjustment [table]
VIENNA, AUSTRIA (By OPEC, 3.Aug.2025, Words: 294) — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to market stability on current healthy oil market fundamentals […]
![OPEC+ reaffirm commitment to market stability [table]](https://energy-analytics-institute.org/wp-content/uploads/2020/08/Aramco.jpg)
OPEC+ reaffirm commitment to market stability [table]
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 5.Jul.2025, Words: 309) — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to market stability on […]
OPEC+ countries commit to market stability, 411 Mb/d adjustment
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 3.May.2025) — 8 OPEC+ countries — namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman — which previously announced additional voluntary […]
Goldman Sachs reduces price forecast, drops range amid downside risks
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 3.Apr.2025) — Goldman Sachs reduced its Dec. 2025 forecasts for Brent and West Texas Intermediate (WTI) by $5 per barrel to $66/bbl […]
8 OPEC+ countries reaffirm commitment to market stability
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Apr.2025) — 8 OPEC+ countries — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman — reaffirmed their commitment to stabilizing the […]
Wood Mackenzie Lowers 2025 Brent Price Estimate by $0.40/bbl to $73/bbl
HOUSTON, TEXAS (Philipp Markopulos, Energy Analytics Institute, 18.Mar.2025) — Wood Mackenzie is forecasting an average Brent crude oil price of $73 per barrel (bbl) in 2025, down $0.40/bbl from an […]
TotalEnergies Says Gas Market to Remain in Tension in 2025
HOUSTON, TEXAS (Energy Analytics Institute, 5.Feb.2025) — TotalEnergies expects the gas market to remain tense in 2025 owing to “very limited expected capacity additions related to delays of some projects.” […]
Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman Extend Cuts
(Opec, 5.Sep.2024) — The OPEC+ countries, which previously announced additional voluntary cuts in Apr. and Nov. 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and […]
What OPEC’s 2 MMbbl Cut Could Mean for US Gas Prices
(By Ben Geman, Axios, 5.Oct.2022) — OPEC+ is jolting oil markets this week with plans to cut output — and the ripples could reach all the way to the U.S. […]
OPEC+ Deepens Support for Saudi Call to Weigh Supply Curbs
(Bloomberg, 24.Aug.2022) — OPEC’s united front on possible action grew stronger, as more nations endorsed Saudi Arabia’s view that supply curbs may be needed to stabilize world oil markets. Within […]
Oil Gains as Libya Shuts Its Largest Oil Field Amid Protests
(Bloomberg, 18.Apr.2022) — Oil rose as the shutdown of Libya’s biggest oil field strains an already under-supplied market, overshadowing signals that China’s drastic pandemic lockdowns are weighing on economic growth. […]
Venezuela Briefs: Oil Tankers, OPEC+ Meeting
(Energy Analytics Institute, 10.Feb.2021) — Venezuelan briefs related to the departure of oil tankers Era and Explorer from PDVSA’s Amuay refinery in Punto Fijo and Venezuela’s participation in recent OPEC+ […]
OPEC+, Covid-19 and Energy Transition: 3 Themes in 2021
(WoodMac, 28.Jan.2021) — Wood Mackenzie’s latest outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key themes – OPEC+ production, […]
UAE Eases Oil Supply Cuts To Asia After OPEC+ Deal
(Bloomberg, 7.Dec.2020) — The United Arab Emirates will provide Asian oil buyers with a little more crude next month after OPEC+ reached a compromise deal on cuts. While OPEC’s third-largest […]
Mexico Wins Over $2bn On Oil Hedge
(Bloomberg, 1.Dec.2020) — Mexico will cash in its oil price insurance policy this year for the fourth time only in the last two decades, receiving a payout of about $2.5 […]
Agbami Key Sticking Point In OPEC+ Compliance
(Argus, 11.Aug.2020) — Nigeria’s full compliance to the OPEC+ deal hangs on a key oil grade being treated as a condensate. Since OPEC+ allowed ultra-light oil to be exempt from […]
Mexico To Sit Out Extension Of OPEC+ Oil Output Cuts
(Reuters, 6.Jun.2020) — Mexico will not join other top oil producers in extending through July output cuts aimed at propping up the price of crude, Energy Minister Rocio Nahle said […]
Mexico To Remain In Opec+, No Output Cuts Planned
(Argus, 22.May.2020) — Mexico will remain within the Opec + group but has no plans for further production cuts, the energy ministry told Argus today. “Mexico will participate in the […]
OPEC And Non-OPEC To Cut Output By 9.7 MMb/d
(OPEC, 12.Apr.2020) — The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Sunday, 12 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, […]
APPO Commits To Support OPEC+ Efforts
(OPEC, 11.Apr.2020) — The African Petroleum Producers’ Organization (APPO) has followed with keen interest the Meeting of the OPEC+ or Declaration of Cooperation Partners which held on Thursday 9th April […]
The Unexpected Holdout To A Global Oil Production Deal
(Bloomberg, 10.Apr.2020) — One of the most dramatic global oil production agreements in history has been left hanging on the approval of an unlikely character: Mexican President Andres Manuel Lopez […]
Collapsing Demand Sets Terms In OPEC+ Battle
(WoodMac, 9.Apr.2020) — Since OPEC+’s failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking a crisis in the oil […]
WoodMac On OPEC+ Production Plan
(WoodMac, 9.Apr.2020) — As OPEC+ agreed at cut of 10 million b/d, WoodMac’s Ann-Louise Hittle said: “A 10 million b/d cut would be very supportive of price over the second […]
Mexico To Participate In Opec+ Call
(Argus, 6.Apr.2020) — Mexico will participate in an Opec+ meeting on 9 April, the energy ministry told Argus today. “As a member of Opec+, Mexico will participate in the next […]
Maduro Highlights Need To Stabilize Oil Market
(Energy Analytics Institute, Piero Stewart, 31.Mar.2020) — Venezuela’s President Nicolás Maduro highlighted the importance of the agreements between the Organization of Petroleum Exporting Countries (OPEC) and its allies (OPEC+), as […]