Organization of the Petroleum-Exporting Countries (OPEC)

OPEC+ Monitoring Committee holds meeting in Jeddah

The 8th meeting of the Joint Ministerial Monitoring Committee (JMMC) has started in Jeddah, Saudi Arabia, where OPEC and non-OPEC oil ministers will discuss the oil production cut deal. OPEC and its allies achieved 149 percent of …

OPEC+ ministers to meet in Jeddah

OPEC and non-OPEC oil ministers will meet in Jeddah, Saudi Arabia today to discuss their oil production cut deal.  The Joint Ministerial Monitoring Committee (JMMC) will make a recommendation to OPEC about whether or not the …

IEA: OPEC+ may accomplish its mission in May

OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels as early as in May, the International Energy Agency said in its monthly report . "It is not for us to …

Russia not to join OPEC, but...

Russia’s Energy Minister Alexander Novak said that Russia and OPEC may assume joint efforts on balancing the oil market after completion of the crude production cut deal (OPEC+).

Will Russia join OPEC?

Saudi Arabia and Russia are working on a historic long-term pact that could extend controls over world crude supplies by major exporters for many years, Reuters reported. Saudi Crown Prince Mohammed bin Salman said that …