OPEC+ Sticks To Production Plan Despite $111 Oil
The OPEC+ group decided on Wednesday to rubberstamp another 400,000 barrels per day (bpd) increase in its collective oil production in April
Source: oilprice.com
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Putin's War In Ukraine Could Break The OPEC+ Alliance
Arab oil producers have not chosen sides in the Ukraine crisis, but as the West is taking positions, MENA oil producers and OPEC members may decide to turn their back on Russia
Source: oilprice.com
OPEC+ Unlikely To Change Course On Output Despite $100 Oil, Ukraine Crisis
Despite $100 oil and the Russian invasion of Ukraine, the OPEC+ alliance is set to rubberstamp another 400,000 bpd increase in monthly production targets next week
Source: oilprice.com
OPEC Sees No 'Immediate Solution' To High Oil Prices
A lack of investment in oil supply in recent years is limiting the ability of oil-producing countries to boost production significantly, leaving the oil market without an “immediate solution” to the high oil prices
Source: oilprice.com
IEA Calls On OPEC+ To Boost Production To Targets
OPEC+ producers need to pump more oil to close the widening gap between nameplate production quotas and actual output, IEA Executive Director Birol said on Monday
Source: oilprice.com