Tag: Opec
Former Nigerian minister and former OPEC president charged with corruption
She was a central figure in the Nigerian government of Goodluck Jonathan between 2010 and 2015. She will leave a much more negative imprint. Ex-oil minister Diezani Alison-Madueke has been…
Oil cartel: Opec can no longer control the price of oil
Saudi Arabia sees itself as the central bank of the oil market. Now the country is cutting production – but the price of oil is not following as it should.…
OPEC+ meeting: Why oil prices should rise in the long term
analysis Status: 03.06.2023 1:07 p.m No decision is expected from the meeting of the oil-producing countries to cut production further. Nevertheless, the price of oil is likely to rise in…
Opec: Saudi Arabia cuts oil production, oil prices rise – Economy
The announcement of a significant production cut by Saudi Arabia boosted oil prices at the beginning of the week. Saudi Arabia plans to cut daily production by a million barrels…
Oil: OPEC+ will limit its production until 2024, Ryad will reduce its in July – 06/05/2023 at 08:05
Overall production targets for OPEC+ members will be cut by an additional 1.4 million barrels per day (bpd) starting in 2024 from current targets to bring them in total to…
At a meeting in Vienna, OPEC decides to produce less oil in 2024
As of: 06/04/2023 8:33 p.m The expanded Organization of Petroleum Exporting Countries (OPEC+) wants to produce less oil next year. The oil cartel had already announced a reduction in production…
How OPEC is playing off its new power with the price of oil
Everything has it’s price, especially the things that cost nothing. Art van Rheyn Do you have an AdBlocker activated. Therefore our site is currently not available for you. Advertisements are…
Oil cartel: Opec+ advises on funding strategy
oil cartel Opec+ advises on funding strategy Headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna. photo © Wang Zhou/XinHua/dpa Saudi Arabia is flirting with possible surprises,…
Faced with falling oil prices, OPEC + debates new cuts
AFP, published on Sunday, June 04, 2023 at 11:40 am OPEC + ministers meet in Vienna on Sunday to try to find a solution to falling oil prices, with the…
OPEC+ wants to produce less: The consequences of the rising oil price
FAQ Status: 4/4/2023 5:21 p.m The production cuts in the OPEC+ countries are shaking up the international oil market. The supply is becoming scarce, the prices are already rising sharply.…