The Latest Breaking News from OPEC+

What Will It Take For OPEC+ To Increase Its Oil Output?

The worsening oil supply shortage in the wake of the Russian invasion of Ukraine has sent pump prices to record highs in recent weeks, sparking fears of a catastrophic global oil crisis and soaring inflation.

Benzinga · Mar 15, 2022

UAE Energy Minister Asserts Commitment to OPEC+ Agreement

The United Arab Emirates is committed to the OPEC+ agreement and its existing monthly production adjustment mechanism, its energy minister said on Wednesday. “The UAE believes in the value OPEC+ brings to the oil market,” UAE Energy Minister Suhail al-Mazrouei said in remarks to WAM New Agency. OPEC+, comprising the…

Asharq Al-Awsat · Mar 11, 2022

Russian bond default ‘imminent’, as inflation jumps; markets surge as oil falls back – as it happened

UK announces new aviation sanctions against Russia and investigates plane at Farnborough

The Guardian - UK · Mar 9, 2022

OPEC+ to Stick to Policy Despite Oil Price Rally

OPEC+ will likely stick to existing policies of moderate output increases even as it expects demand to rise to new peaks this year and as oil prices trade near their highest since 2014. The group, which comprises of the Organization of the Petroleum Exporting Countries and allies led by Russia…

Asharq Al-Awsat · Feb 3, 2022

Oil producers discuss production levels as prices hit seven-year high

Ministers from the OPEC+ group of oil-producing countries are meeting on Wednesday to discuss supply levels, as prices have soared to their highest since 2014. The 23 states are responsible for more than 40 percent of global oil production. Prices have jumped in recent months, as supply has failed to…

France 24 · Feb 2, 2022

OPEC+ decides oil output amid concern over Russia, Ukraine

Major oil-producing countries are deciding how much crude to pump to the world next month

The Independent UK · Feb 2, 2022

OPEC+ Expected to Stick to Planned March Output Target Increase

OPEC+ will probably stick with a planned increase in its oil output target for March when it meets on Wednesday next week, several sources from the producer group said, as it sees demand recovering despite downside risks from the pandemic and looming interest rate rises. While two sources from the…

Asharq Al-Awsat · Jan 27, 2022

4 Best Energy ETFs That Pay Dividends

Despite OPEC and its allies’ (aka OPEC+) plans to raise their oil production output target beginning in February, rising demand for oil and natural gas in the recovering global economy should accelerate the performance of energy companies. Therefore, we think dividend-paying ETFs Energy Select Sector SPDR Fund (XLE), Vanguard Energy…

StockNews.com · Jan 20, 2022

Saudi Energy Minister Says OPEC+ Has Done a Lot to Stabilize Global Energy Markets

Saudi Energy Minister Prince Abdulaziz bin Salman said the Organization of Petroleum Exporting Countries (OPEC) and its allies, referred to as OPEC+, have "done a lot" to stabilize global energy markets. Speaking about energy security at the Abu Dhabi Sustainability Week Summit at Expo 2020 in Dubai, the minister added:…

Asharq Al-Awsat · Jan 18, 2022