#Organization of Petroleum Exporting Countries

Oil rig - OPEC

OPEC+ leaves oil production levels unchanged, to review production cut extension in March

OPEC said its “committee will continue to monitor” countries’ conformity with output decisions


OPEC oil export revenue was highest in almost a decade last year

OPEC+ nations are engaged in production cuts to balance prices in crude markets

Crude oil market on tenterhooks over OPEC meet. Image credit: Getty Images

Oil watchers predict OPEC+ to maintain steady supply

Forecasters predict OPEC+ to keep output steady due to demand in China, and the current curbs, should rapidly deplete world inventories

Oil heads for weekly advance as dollar eases, US exports boom

Crude is on course to gain in October following a run of four monthly declines

OPEC+ tries to keep oil above $90 with large production cut

It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020

UAE fuel prices

UAE raises fuel prices for October 2021

OPEC said on Tuesday that it expects global fuel consumption to fully recover from its pandemic slump by 2023

Saudis raise oil prices for Asia in sign of market strength

The Organization of Petroleum Exporting Countries and allies including Russia are to meet on November 30-December 1 to review policy on production

Saudis keep pressure on OPEC cheats before ministerial talks

Riyadh’s struggle to enforce compliance has been a long-running issue