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Latest cryptocurrency news and articles about opec. Stay updated with developments, analysis, and insights.
Russia raised oil output in September to 9.368 million barrels per day but still missed its OPEC+ target by 47,000 barrels
Russia turned the taps up in September, pumping out 9.368 million barrels of crude per day, Bloomberg reported, but still didn’t meet its OPEC+ quota. That production jump, a sharp 193,000 barrels per...
OPEC+ plans to raise oil production by 137,000 barrels per day in November
OPEC+ is expected to approve another production increase of 137,000 barrels per day at its meeting next Sunday, according to a report from Reuters on Sunday. This follows months of output hikes since ...
Trump threatens new oil sanctions on Moscow after failed peace talks
US President Donald Trump has said that he is running out of patience with Russian President Vladimir Putin. To that end, he has threatened Moscow with new economic sanctions because peace talks with ...
Saudi cuts crude burn while OPEC+ lifts output
Saudi Arabia is releasing 500,000 extra barrels of crude per day into the market this month. The reason? Production is going up, and the need to burn oil at home is falling fast now that summer is coo...
OPEC+ faces pressure to balance surplus and market share
At Asia’s largest oil industry meeting this week, two questions framed the discussion: How much crude is China putting into its strategic petroleum reserve, and how long will that buying continue? As ...
Oil giants slash jobs and projects as crude plunges below $66
Oil producers are in panic mode. Chevron, BP, ConocoPhillips, Aramco, and Petronas have started slashing jobs, cancelling drilling projects, and offloading assets as crude prices keep falling. The cut...
OPEC+ increases production and dumps 1.65 million barrels back early
Saudi Arabia is slashing crude prices again, this time across all grades headed to Asia, and it’s happening quite fast. Saudi Aramco, the kingdom’s state oil company, just dropped the price of its fla...
OPEC+ agrees to raise output next month as focus shifts to market share
OPEC is going for volume again. Delegates from the alliance confirmed they’ve agreed in principle to increase production next month. The plan is to add about 137,000 barrels per day, starting in Octob...
Oil prices fell over 2% on Wednesday after news broke that OPEC+ may raise production again in October
Oil took a hit on Wednesday after word broke that OPEC+ is weighing another production boost for October. Brent dropped by $1.54, closing at $67.60 a barrel, while U.S. West Texas Intermediate (WTI) f...
Oil traders believe OPEC+ will hold production levels unchanged at this weekend’s meeting
Oil traders expect OPEC+ to leave crude output unchanged at a meeting this weekend, pausing after months of faster supply additions. Delegates from the Organization of the Petroleum Exporting Countrie...