Organization of the Petroleum-Exporting Countries (OPEC)

 OPEC+ saves oil for another year

The decision of OPEC and non-OPEC producers to extend oil output cuts until the end of 2018 had a positive effect on the oil marketsю Brent crude oil for February delivery are at $63.13 a barrel, and U.S. West Texas …

OPEC agree on oil-cuts extension to end of 2018

OPEC agreed to extend its oil-production cuts to the end of next year as the job of rebalancing the market is not yet done, according to delegates at a ministerial meeting in Vienna. Talks have now moved on to the mechanism that will be …

OPEC+ sees encouraging dynamics of oil demand in 2018

Compliance of OPEC and non-OPEC countries with the oil production limiting agreements makes possible to slash commercial oil inventories and revise oil demand outlooks, Russian Energy Minister Alexander Novak said on Wednesday, …

Iraq supports oil cut extension

Iraq supports an extension of a supply cut deal among global producers until the end of 2018, Iraqi Oil Minister Jabbar Al-Luaibi said. "We support a nine-month extension," he said, adding that the …

Novak says who wants to extend OPEC-led deal

Almost all OPEC+ countries support an extension of oil cuts, Russia's Energy Minister Alexander Novak said The minister said in a television interview posted on the energy ministry’s website that …