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Oil climbs ahead of OPEC+ decision Business Recorder, Pakistan21:57 2-Mar-24
Oil rises more than 2% ahead of OPEC+ decision The Economic Times04:49 2-Mar-24
In the last 7 days
OPEC Lifts Production in February OilPrice.com19:35 1-Mar-24
Oil Prices on the rise Sarajevo Times14:55 1-Mar-24
Oil rises 1% as markets await OPEC+ decision Business Recorder, Pakistan10:33 1-Mar-24
Oil futures: Crude nudges higher, heads for weekly gains Quantum Commodity Intelligence10:20 1-Mar-24
Oil up over positive economic data in US Anadolu Agency09:50 1-Mar-24
NNPC, OPEC pledge collaboration to attract investments Premium Times, Nigeria10:56 29-Feb-24
Oil gains on potential OPEC+ cuts Business Recorder, Pakistan23:48 28-Feb-24
OECD Total Gross Imports from OPEC Oil & Gas Journal21:20 28-Feb-24
The UAE and Saudi Arabia Lead the Way on Central Asian Energy Pivot Arab Gulf States Institute in Washington15:36 28-Feb-24
Oil futures: Crude reverses losses, OPEC+ set to extend cuts into Q2 Quantum Commodity Intelligence15:17 28-Feb-24
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3 Mar 18:07

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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