"You could get down to $30 or $40 a barrel if OPEC unwound ... per day of voluntary cuts by two months in an effort to stem the slide of oil prices. The 2.2 million bpd cut, which was implemented ...

The OPEC bloc of oil-producing nations announced Monday ... Algeria and Oman — will continue the voluntary daily 2.2 million-barrel cut through December 2024, adding a month to the cutback ...

The Organisation of Petroleum Exporting Countries (OPEC) and its allies on Thursday agreed to extend their current oil output voluntary cuts until the end of 2026. OPEC disclosed this at its 38th ...

The Organization of Oil Exporting Countries (OPEC) Monday decided to cut their output of crude and put on sale on international markets 100,000 bpds less daily as fears of a recession keep ...

But "as this voluntary decline ... increasing discord within OPEC appears to be developing that could place Saudi Arabia in a position to either independently cut production further or join ...

The global energy landscape in 2024 has been defined by a series of developments: a surge in renewable energy adoption, ...

OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab ...

Russia’s own data show its crude production in December fell below its OPEC+ target, according to people familiar with ...

This was broadly in line with Russia's monthly output quota of 8.98 million bpd under the OPEC+ deal and including voluntary cuts. The OPEC+ group of oil producers includes OPEC members and others ...

Even if the voluntary production cut is curtailed at the end of Q1 2025, the slow increase (well into 2026) makes it very negligible on oil market balances. In the table above, the global oil ...

Similarly, a 1.7 million barrels per day voluntary cut by certain members ... until the end of June. Since oil markets remain weak, we had expected OPEC and its allies to extend the voluntary ...