OPEC+ Fails To Meet Output Target Once Again
OPEC+ once again fell short of its oil production targets in May on continued production declines in many OPEC members, a survey by S&P Platts found
Source: oilprice.com
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UAE: OPEC+ Struggles With Oil Production Hikes
The OPEC+ group is currently pumping 2.6 million barrels per day (bpd) of oil below its target, and efforts to boost output per the monthly plans are "not encouraging," according to UAE's Energy Minister
Source: oilprice.com
Why OPEC's Plan To Pump More Crude Won't Rescue The Market
Tight supply in oil markets continues to drive price action, and despite OPEC’s intention to pump more crude, compliance rates are still lagging behind
Source: oilprice.com
OPEC Considers Hike In Oil Production To Compensate For Russia
The OPEC Joint Ministerial Monitoring Committee is recommending an increase in production by 648,000 barrels per day —higher than what was originally agreed
Source: oilprice.com
OPEC+ Endorses 648,000 Bpd Oil Production Hike In July
OPEC+ decided on Thursday to ramp up its monthly oil production increase to nearly 650,000 barrels per day
Source: oilprice.com