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IDB and OPEC Fund sign new benchmark Exposure Exchange Agreement Africa Business Communities07:45 17-Apr-24
OPEC considers Namibia for membership Offshore Technology05:55 17-Apr-24
In the last 7 days
Another country may join OPEC+ AzerNews14:03 16-Apr-24
Commodity Tracker: 6 charts to watch this week S&P Global Platts07:27 16-Apr-24
Energy Stocks Outperforming Nasdaq04:27 16-Apr-24
OPEC: Libya is the first largest oil producer in Africa. Libyan News Agency (LANA)11:50 13-Apr-24
Oil demand will grow 2.25 million bpd: OPEC Times of Oman07:15 12-Apr-24
Nigeria’s Oil Production Drops In March – OPEC Channels Television05:33 12-Apr-24
Oil Market Report - April 2024 International Energy Agency04:03 12-Apr-24
OPEC keeps outlook on global oil demand growth for 2024, 2025 Bangladesh Sangbad Sangstha23:48 11-Apr-24
OPEC Sees Robust Summer Oil Demand Asharq Al-Awsat16:24 11-Apr-24
OPEC expects strong demand for fuel in the summer months. Libyan News Agency (LANA)10:59 11-Apr-24
OPEC Oil Production Inched Higher in March OilPrice.com10:09 11-Apr-24
In the last month
Oil: The Top Is Likely In For Now FX Empire04:09 10-Apr-24
Oil’s Tightrope Walk into H2 2024 Energy, Oil & Gas03:48 10-Apr-24
OPEC+ Faces Fork in the Road OilPrice.com19:30 9-Apr-24
Oil funds turn bullish as Mideast conflict intensifies The News International15:15 9-Apr-24
Azerbaijan lags behind March OPEC+ quota by 70,000 bpd Interfax International04:22 9-Apr-24
Iraq: OPEC+ Aims for Oil Market Stability Asharq Al-Awsat05:36 7-Apr-24
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17 Apr 07:45

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, in order 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 on the global crude oil market. OPEC and OPEC+ influence oil prices by setting production targets for their member nations, which affect the supply and demand of oil in the world. At the start of April 2023, OPEC+ announced a surprise oil production cut that will exceed one million barrels a day, curtailing supply from May 2023 despite a recovery in prices from 15-month lows. This decision caused oil prices to surge.

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