OPEC+
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The United Arab Emirates (UAE) announced its decision to exit the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, effective May 1. This decision reflects the UAE's long-term strategic and economic vision and evolving energy..
Saudi Arabia's crown prince, Mohammed bin Salman, stressed the importance of maintaining the OPEC+ agreement and the kingdom's keenness on keeping oil markets balanced and stable, in a phone call on Thursday with the Japanese prime minister, ..
Saudi Arabia's King Salman said on Wednesday the OPEC+ production agreement was "essential" to oil market stability and stressed the need for producers to comply with the pact. The king, in an annual speech to the advisory Shura Coun..
Key producers of OPEC+ countries have reached a preliminary deal on gradually raising oil output until December and extension of their pact until end of 2022, an OPEC+ source told Reuters on Sunday. OPEC+ holds an online meeting later on Sunday.&n..
Oil prices fell more than $1 a barrel on Monday, after the OPEC+ group of producers overcame internal divisions and agreed to boost output, sparking some concerns about a crude surplus as COVID-19 infections continue to rise in many countries. Bre..
U.S. investment bank Goldman Sachs said the OPEC+ deal to boost oil supply supports its view on oil prices and expects modest "upside" to its summer forecast for Brent to reach $80 a barrel. OPEC+, comprising the Organization of the Petr..
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