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    OPEC Fund to lend Armenia 80 mln for economic reforms Interfax International10:11 4-Sep-26
    OPEC Without Venezuela Now Lebanon08:52 1-Sep-26
    In the last month
    OPEC+ loses oil market sway in Iran war The Daily Star, Bangladesh14:09 29-Aug-26
    Venezuela Weighs OPEC Exit Rigzone08:25 29-Aug-26
    Venezuela weighs OPEC exit: Reports Oman Observer05:22 29-Aug-26
    Venezuela considers leaving OPEC AzerNews03:41 28-Aug-26
    OPEC+ loses oil sway as China gains ground Oman Observer13:12 27-Aug-26
    OPEC+ loses oil market sway in Iran war as China gains influence Business Recorder, Pakistan03:31 27-Aug-26
    Basrah Medium posts $6.73 July loss Shafaq News09:15 13-Aug-26
    Nigeria meets OPEC 1.5mbpd quota for July Ripples Nigeria08:38 13-Aug-26
    China’s Green Transition is Breaking OPEC’s Leverage Foreign Policy In Focus08:24 13-Aug-26
    Russia's oil output falls 1M barrels short of quota The New Voice of Ukraine05:00 13-Aug-26
    Nigeria extends OPEC winning streak with 1.67mbpd July output Champion Newspapers Limited02:11 13-Aug-26
    Nigeria meets OPEC quota on oil production The Daily Trust01:20 13-Aug-26
    OPEC+ compliance more necessity than choice Petroleum Economist11:03 10-Aug-26
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    6 Sep 10:36

    About our OPEC news

    Latest news on OPEC, the Organisation of the Petroleum Exporting Countries, which is an organisation enabling the co-operation of leading oil-producing countries to collectively influence the global market and maximise profit. OPEC+ is a larger group that includes OPEC and 10 other major oil-producing countries, such as Russia, that have aligned with OPEC to form an alliance to have more control over the global crude oil market. OPEC and OPEC+ influence oil prices by setting production targets for their member nations, affecting the global supply and demand of oil.

    As of June 2024, several OPEC+ countries have announced the extension of additional voluntary cuts of 2.2 million barrels per day for the second quarter of 2024. Saudi Arabia, the de facto leader of OPEC, has extended its voluntary cut of 1 million barrels per day through the end of June, maintaining its production at around 9 million barrels per day. Russia has also committed to an additional cut of 471,000 barrels per day. These measures are aimed at supporting market stability amid economic uncertainty and fluctuating demand.


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