Tag Archives: oil market

Officials said that the OPEC + bloc will likely adhere to modest oil production increases when it meets on Wednesday, with Saudi Arabia and the United Arab Emirates, two of the largest members of the Organization of the Petroleum Exporting Countries, complying with the agreement with Russia, despite the expansion …

The Organization of the Petroleum Exporting Countries and its allies led by Russia, known as OPEC+, have been unwinding historic production cuts they instated in 2020 after the pandemic caused an unprecedented fall in global demand.Then, former US President Donald Trump intervened to encourage Riyadh and Moscow to end a …