News list for "OPEC Representative"
Iraq's OPEC representative said OPEC + could agree on Sunday to increase oil production by 130,000 to 140,000 barrels a day.
On May 26th, according to OPEC representatives, OPEC + will adjust the July production decision-making meeting to May 31st (originally scheduled for June 1st). The meeting may decide the production in July, after sources said that the daily production in July may increase by another 411,000 barrels.
OPEC + members agreed to increase production by 411,000 barrels per day in June, OPEC representatives said on May 3. The OPEC + meeting scheduled for next Monday has been brought forward to Saturday, but it is not clear why the meeting has been rescheduled. Four sources said before the meeting that the increase in production in June is likely to be similar to the amount agreed in May (411,000 barrels per day). Most of the market also expects the organization to increase production significantly ...
On March 4, an OPEC representative said that OPEC + will continue to implement the planned increase in oil production in April.
On June 2, OPEC representatives said that OPEC + has officially agreed to extend the "voluntary production reduction measures" to the end of 2024 and the "collective production reduction measures" to the end of 2025.
On June 2nd, according to foreign media reports, OPEC representatives said that OPEC + has drawn up the outline of an agreement to extend key parts of its oil production cuts until the second half of this year, as the organization continues to work to avoid a global supply glut and support prices. The so-called "voluntary" production reduction agreements of major member countries, including Saudi Arabia and Russia, total about 2 million barrels per day and will expire at the end of June. Delegat...
