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OPEC COMPLIANCE QUOTAS
OPEC just lost one of its biggest players — here's the inside story of the UAE's exit and what the Saudi-UAE split really means for OPEC's market powerUAE Quits OPEC: How the World's Energy Map Just Shifted Permanently. The UAE's departure from the Saudi Arabia-led cartel is being called t...- Why UAE stepped away from OPEC amid Iran war and soaring crude oil pricesUnited Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global ener...
- UAE's OPEC exit: With cartel cracked, oil spills over geopoliticsIn a dramatic turn of events, the United Arab Emirates has officially exited OPEC, signaling a significant transformation within the global...
- OPEC oil output rises in July led by UAE and Saudi, survey findsOPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, although the hike wa...
- Oil drops more than $2/bbl as OPEC+ accelerates output hikesOil prices plummeted over $2 a barrel as OPEC+ plans to further increase oil output, raising concerns about a potential supply surplus. The...
- OPEC+ to further speed up oil output hikes, four sources sayOPEC plus is likely to increase oil production further. The group may reverse voluntary output cuts by October. This decision follows conce...
- OPEC+ unexpectedly speeds up oil output hikes, oil dropsEight OPEC+ countries have agreed to increase oil output by 411,000 barrels per day in May, surpassing their initial plan. This decision ai...
- OPEC+ panel's informal online talks postponed to Sunday: SourceOPEC+ is debating whether to ease oil output cuts from Jan. 1, as it previously agreed, or to continue producing at the same rate amid slug...
- Opec cuts output to lowest since 1991 as virus slams oil demandOpec and its partners’ record output cuts since May have helped revive the oil market.
- Crude oil prices edge up on Opec output cut compliance; pandemic still weighsUS West Texas Intermediate (WTI) crude futures dropped 14 cents to $37.82 a barrel.
- OPEC, Russia meet to extend record oil cuts, push for complianceCuts have been due to taper to 7.7 million bpd from July to December.
- Opec+ to meet Saturday on extending cuts, pushing for complianceCuts have been due to taper to 7.7 million bpd from July to December.
- More than US stock buildup, Russia and Brazil output can upset crude oil outlookThe Opec and IEA reports are due this week and will provide further clarity on market fundamentals. In the meantime, the technical picture ...
- Short-term bias for crude oil positive, but higher US output to limit upsideLooking ahead, the short-term bias for crude remains positive and we could see more gains in the coming weeks but higher US output will lim...
- Oil cartel may fail to maintain balance in '10Organization of Petroleum Exporting Countries (OPEC) members may have to cut production in 2010 as well, similar to what they did in 2009.
- Oil near $70 as rising stocks boost confidenceOil prices rose to near $70 a barrel Tuesday, buoyed by rising stock markets and investor interest in commodities as the U.S. dollar lost g...
- Oil market 'very stable and healthy': Saudi ministerThe oil market is "very stable and healthy" and the current is price "good for everybody," Saudi Oil Minister Ali al-Naimi said on arriving...
- Compliance to OPEC cuts can support crude pricesOPEC, responsible for 40% of global oil supply, has decided to keep its crude oil production quota unchanged in its latest meet.
- OPEC postpones production cut, sees oil at $75OPEC deferred a decision on reducing production this year by two weeks to gauge the impact of earlier cuts, as it seeks to push oil prices ...
- OPEC members call for quota complianceOPEC is to keep its official production target stable, but members currently producing above their quotas should reduce their output.
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